Renovation-Ready
29 Kossuth St, Newark, NJ 07105
For Sale
$299,999
The two-family residence requires renovation and is offered in its current condition.
Property Size1,680 SF
Lot Size0.06 Acres
Price / SF$178.57
Days on Market47
Property Features for 29 Kossuth St
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
EXP REALTY, LLC
Listed By:
KATHRYN FEDAK
(866) 201-6210
Source:
Goldstandardrealty
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 7 at 1:05PM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This two-family duplex contains 1,680 square feet on a 25-by-100-foot lot. Built in 1910, the residence requires renovation and is being sold as-is, offering a clear picture of the work ahead for its next owner.
The property is in Newark’s North Ironbound, with access to routes 1&9 and 21, I-78, and the New Jersey Turnpike. Newark Penn Station is about a 14-minute walk away, with NJ Transit, PATH, Amtrak, Newark Light Rail, and bus service. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark, NJIT, and Seton Hall University are also nearby.
The property is in Newark’s North Ironbound, with access to routes 1&9 and 21, I-78, and the New Jersey Turnpike. Newark Penn Station is about a 14-minute walk away, with NJ Transit, PATH, Amtrak, Newark Light Rail, and bus service. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark, NJIT, and Seton Hall University are also nearby.
Key Highlights
- Two‑family duplex with 1,680 square feet
- 25x100 lot
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,780
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,600
$515.6K
Cap Rate 7%
$368,286
$368.3K
Cap Rate 9%
$286,444
$286.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$49.4K $29.40/SF
− Vacancy
−$2.5K −$1.50/SF
EGI
$46.9K $27.90/SF
− OpEx
−$21.1K −$12.56/SF
NOI
$25.8K $15.35/SF
Area
ZIP 07105
Vacancy
5.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,600
Cap Rate 7%
$368,286
Cap Rate 9%
$286,444
Alternative Uses
Best Use
Multifamily LT 5
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$600.9K
$525.8K – $701.0K
NOI $42,062 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 07105, NJ
50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence requires renovation and is offered in its current condition.
Where is this duplex located?
The property is located at 29 Kossuth St Newark, NJ.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑family duplex with 1,680 square feet; 25x100 lot; Built in 1910
