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Two-Unit Duplex Property
For Sale
$599,000

283 S 18th St, Newark, NJ 07103

Two separate apartments have individual utilities, including central air, and the property will be vacant at closing.

Property SizeContact for details
Days on Market8

Property Features for 283 S 18th St

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Neighborhood Fairmount
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,799

Building Details

Year Built 1910
Units 2
Listing Agency: HomeSmart First Advantage Realty
Listed By: RONALD COLLINS · License #295754
Source: Elliman
Added: Oct 16 Changed: Oct 21 Last Checked: Oct 20 at 9:09PM

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 HomeSmart First Advantage Realty

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Investment Insights

Based on property information with market context.

Built in 1910, this two-unit property contains a one-bedroom, one-bath apartment with a finished basement and a second apartment arranged across two levels. The second unit has two bedrooms and one bath, along with additional flexible space. Each apartment has separate utilities, including central air, and the property includes a large backyard. Both units will be vacant at closing.

The property is located in Newark’s Fairmount neighborhood. WalkScore is 88, BikeScore is 52, and TransitScore is 75.

Key Highlights

  • Two apartments: one with 1 bedroom and 1 bath; the other with 2 bedrooms and 1 bath
  • Finished basement in the one‑bedroom apartment
  • Second apartment spans two levels and includes additional flexible space

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,388
Businesses Nearby

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
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

Frequently Asked Questions

What type of property is this?
Duplex - Two separate apartments have individual utilities, including central air, and the property will be vacant at closing.
Where is this duplex located?
The property is located at 283 S 18th St Newark, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two apartments: one with 1 bedroom and 1 bath; the other with 2 bedrooms and 1 bath; Finished basement in the one‑bedroom apartment; Second apartment spans two levels and includes additional flexible space
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