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Three-Unit Multifamily Property
For Sale
$600,000

283 Smith St, Newark, NJ 07106

Legal three-family configuration with hardwood flooring, forced-air heat, and off-street parking.

Property SizeContact for details
Days on Market10

Property Features for 283 Smith St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,797

Building Details

Year Built 1926
Units 3
Listing Agency: NJ Metro Group LLC
Listed By: BRENDAN DASILVA · License #1753996
Source: Elliman
Added: Aug 20 Changed: Aug 22 Last Checked: Aug 29 at 11:45AM

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 NJ Metro Group LLC

Investment Insights

Based on property information with market context.

This legal three-family property at 283 Smith St in Newark, New Jersey, was built in 1926. The building features hardwood flooring, forced-air heating, and off-street parking, providing a defined multifamily configuration with practical residential features.

The property has a Walk Score of 73, a Transit Score of 55, and a Bike Score of 39. These ratings reflect a very walkable setting with good transit access and moderate bikeability.

Key Highlights

  • Legal three‑family property
  • Built in 1926
  • Hardwood flooring throughout the property

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
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?
Triplex - Legal three-family configuration with hardwood flooring, forced-air heat, and off-street parking.
Where is this triplex located?
The property is located at 283 Smith St Newark, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Legal three‑family property; Built in 1926; Hardwood flooring throughout the property
More about this property
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