Two-Unit Duplex with
29 Kossuth St, Newark, NJ 07105
For Sale
$299,999
Pending
Multi-Family, 2-Two Story, Newark City, NJ
Property Size1,680 SF
Lot Size0.06 Acres
Days on Market50
Property Features for 29 Kossuth St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Architectural style
Listing Agency:
EXP REALTY, LLC
Listed By:
KATHRYN FEDAK
(866) 201-6210
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 9 at 1:06PM
MLS# 4054176
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1910, contains 1,680 square feet on a 0.06-acre lot measuring 25 by 100 feet. The property includes four bedrooms, two bathrooms, a basement, and a combination of radiant, baseboard, hot water, and forced-air heating. Public water and public sewer serve the dwelling. The sale is strictly as-is, and renovations are required.
The property is located in Newark City’s North Ironbound area, approximately a 14-minute walk from Newark Penn Station. Nearby regional access includes Routes 1 and 9, Route 21, I-78, and the New Jersey Turnpike. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark Campus, NJIT, and Seton Hall University are also identified in the surrounding area.
The property is located in Newark City’s North Ironbound area, approximately a 14-minute walk from Newark Penn Station. Nearby regional access includes Routes 1 and 9, Route 21, I-78, and the New Jersey Turnpike. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark Campus, NJIT, and Seton Hall University are also identified in the surrounding area.
Key Highlights
- Two‑unit duplex on a 25 by 100‑foot lot
- 1,680 square feet on 0.06 acres
- Four bedrooms, two bathrooms, and a basement
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.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,720
Businesses Nearby
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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
$445,900
Median Home Value
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Market
Average Price Trend$/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 - Two-family property offered as-is with renovation needs, public utilities, and commuter access to Newark Penn Station.
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‑unit duplex on a 25 by 100‑foot lot; 1,680 square feet on 0.06 acres; Four bedrooms, two bathrooms, and a basement
