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Duplex With Finished Basement
New
For Sale
$599,999

283 N 5Th St, Newark, NJ 07107

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market2

Property Features for 283 N 5Th St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Basement, Bathroom 3, Bedroom 1
Directions Google Maps
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7858

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Baseboard
Water source Public

Amenities

private backyard

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Architectural style Other
Listing Agency: REAL
Listed By: DARY M ORTEGA · License #307078
Added: Aug 12 Changed: Aug 13 Last Checked: Aug 13 at 3:06PM
MLS# 4046341

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1920 two-family residence is configured with two bedrooms in each unit, along with a living room and eat-in kitchen per residence. A finished walkout basement adds two rooms that may accommodate recreation, office, gym, or storage functions, subject to buyer due diligence regarding permitted use. The property also includes a private backyard and an updated roof.

Set on 0.06 acres in Newark City, the home is served by public water and public sewer. Public transportation, major highways, schools, shopping, parks, and restaurants are located nearby, with access to NYC also noted. The layout offers separate residential accommodations within a single duplex property.

Key Highlights

  • Two‑family property with two bedrooms in each unit
  • Finished walkout basement with two additional rooms
  • Private backyard and updated roof

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Locksmith Acupuncture Computer & Electronic Repair Clothing & Fashion Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,212
Businesses Nearby

Demographics for 07107, NJ

41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units feature living rooms, eat-in kitchens, and two bedrooms each.
Where is this duplex located?
The property is located at 283 N 5Th St Newark, NJ.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two‑family property with two bedrooms in each unit; Finished walkout basement with two additional rooms; Private backyard and updated roof
More about this property
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