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Duplex with Finished Lower Level

289-291 S 7Th St, Newark, NJ 07103

For Sale
$795,000

Two separate residences offer distinct bedroom and bathroom layouts, with added finished space in one unit.

Property Size19,998 SF
Price / SF$39.75
Days on Market87

Property Features for 289-291 S 7Th St

General Information

Standard status Active
Size 19,998 SF
Property subtype Multi Family

Site & Location

Neighborhood Lower Roseville
Highway Access Yes
Public Transit Yes

Units

Unit Mix 2BR/2BA with bonus room, 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,637

Building Details

Building Size 19,998 SF
Year Built 2006
Buildings 1
Listing Agency: COMPASS NEW JERSEY LLC
Listed By: CARLOS BELTRAN · License #301377
Source: Tkregroupinc
Added: Aug 13 Changed: Nov 7 Last Checked: Nov 7 at 2:52AM

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 COMPASS NEW JERSEY LLC

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Investment Insights

Based on property information with market context.

Built in 2006, this brick duplex contains two residences with separate layouts. One has 2 bedrooms and 2 full bathrooms, plus a first-level bonus room and finished lower-level living area with additional bonus rooms and a separate entrance. The other residence includes 3 bedrooms and 2 full bathrooms. The property totals 3465 SF.

Interior features include hardwood and tile flooring, central heating and air conditioning, and kitchens equipped with dishwashers. A private driveway provides off-street parking, and the property also has a one-car garage. Its Newark location offers proximity to I-78, I-280, public transportation, schools, shopping, parks, and neighborhood services along Springfield Avenue and South Orange Avenue.

Key Highlights

  • Two residences: one with 2 bedrooms and 2 full bathrooms, the other with 3 bedrooms and 2 full bathrooms
  • 3465 SF of building area
  • Finished lower‑level living space with bonus rooms and a separate entrance in one residence

Property Analytics

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,261
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

Market

Average Price Trend$/SF for Duplexes in Newark, NJ

$329 Jul
$288 Aug
$231 Sep
$236 Oct

Properties on Market for Duplexes in Newark

Jul
Aug
Sep
Oct

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 residences offer distinct bedroom and bathroom layouts, with added finished space in one unit.
Where is this duplex located?
The property is located at 289-291 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 2 full bathrooms, the other with 3 bedrooms and 2 full bathrooms; 3465 SF of building area; Finished lower‑level living space with bonus rooms and a separate entrance in one residence
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