Search
Two-Story Duplex with Finished Basement
For Sale
$599,999

283 N 5Th St, Newark, NJ 07107

Multi-Family, 2-Two Story, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market52

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 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bathroom 3, Bedroom 4, Bedroom 3
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 Baseboard, Hot Water(Heating)
Water source Public

Amenities

private backyard
fully finished walkout basement

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: Sep 14 Last Checked: Oct 2 at 6:06PM
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 two-story duplex, built in 1920, contains two residential units with consistent layouts. Each unit includes two bedrooms, one full bathroom, a living room, and an eat-in kitchen. The fully finished walkout basement adds two rooms that can support recreation, office, gym, or storage functions, subject to buyer due diligence regarding permitted use. A private backyard extends the property’s usable space, while the updated roof is a notable recent improvement.

The property is served by public water and public sewer and uses baseboard and hot-water heating. Its Newark setting places it near public transportation, major highways, schools, shopping, parks, and restaurants, with access to New York City identified in the property information.

Key Highlights

  • Two residential units, each with 2 bedrooms and 1 full bathroom
  • Finished walkout basement with 2 additional rooms
  • Private backyard

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Locksmith Acupuncture (Bike/Boat/Book/etc) Store Clothing & Fashion Store Dental Office

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

1,197
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer matching bedroom and bath layouts, plus flexible finished lower-level space and a private backyard.
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 residential units, each with 2 bedrooms and 1 full bathroom; Finished walkout basement with 2 additional rooms; Private backyard
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again