Three-Unit Residential Income
For Sale
$797,000
283 Lehigh Ave Unit 3, Newark, NJ 07112
Large three-family home with separate utilities and central AC across three units.
Property SizeContact for details
Days on Market102
Property Features for 283 Lehigh Ave Unit 3
General Information
Standard status
Active
Property subtype
Multi-Family
Site & Location
Neighborhood
Weequahic
Additional Details
Multifamily Units
3
Listing Agency:
W. CHERY REAL ESTATE, INC.
Listed By:
LINUS C. KORIEOCHA · License #310384
(973) 372-1700
Source:
Luminancerealty
Added: Jul 16
Changed: Oct 7
Last Checked: Oct 23 at 11:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of W. CHERY REAL ESTATE, INC.
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Investment Insights
Based on property information with market context.
This large three-family residential income property includes three separate units. Unit 1 has three bedrooms and two full bathrooms, Unit 2 has four bedrooms and two full bathrooms, and Unit 3 includes two bedrooms and one bathroom. Each unit is equipped with central AC and has its own separate utilities.
The property is located in the Wequahic section of Newark and is described as two blocks from Beth Israel Hospital. WalkScore is 80 (very walkable), and transitScore is 59 (good transit), with a bikeScore of 41 (somewhat bikeable).
The building’s multi-unit configuration and in-unit central AC with separate utilities support straightforward residential rental use across the three units.
The property is located in the Wequahic section of Newark and is described as two blocks from Beth Israel Hospital. WalkScore is 80 (very walkable), and transitScore is 59 (good transit), with a bikeScore of 41 (somewhat bikeable).
The building’s multi-unit configuration and in-unit central AC with separate utilities support straightforward residential rental use across the three units.
Key Highlights
- Large 3‑family home in the Wequahic section of Newark
- Unit mix: Unit 1 has 3 bedrooms and 2 full bathrooms; Unit 2 has 4 bedrooms and 2 full bathrooms; Unit 3 has 2 bedrooms and 1 bathroom
- Each unit has central A/C and separate utilities
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,814
Businesses Nearby
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Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Large three-family home with separate utilities and central AC across three units.
Where is this triplex located?
The property is located at 283 Lehigh Ave Unit 3 Newark, NJ.
What is the asking price?
The asking price for this property is $797,000.
What are key features of this property?
This property features: Large 3‑family home in the Wequahic section of Newark; Unit mix: Unit 1 has 3 bedrooms and 2 full bathrooms; Unit 2 has 4 bedrooms and 2 full bathrooms; Unit 3 has 2 bedrooms and 1 bathroom; Each unit has central A/C and separate utilities
