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Finished-Basement Triplex
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295 Central Avenue, Newark, NJ 07103

Multifamily property with finished basement space and no off-street parking.

Property SizeContact for details
Days on Market3

Property Features for 295 Central Avenue

General Information

Standard status Active
Property subtype Multi Family 2-4 Units

Units

Unit Mix 1 x 3BR/1BA, 3 x 2BR/1BA
Multifamily Units 4
Listing Agency: Realty One Group Sunrise
Listed By: Iris Alfaro
Source: Capmarkrealty
Added: Sep 7 Last Checked: Sep 7 at 2:34PM

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 Realty One Group Sunrise

Investment Insights

Based on property information with market context.

This triplex includes three above-grade floors plus a finished basement. The first floor contains 3 bedrooms and 1 full bathroom, while both the second and third floors provide 2 bedrooms and 1 full bathroom. The finished basement adds 2 bedrooms and 1 full bathroom, creating additional interior space within the property.

Located at 295 Central Avenue in Newark, New Jersey, the property does not include off-street parking. The configuration offers multiple floors and a finished lower level within a multifamily building.

Key Highlights

  • Triplex with three above‑grade floors and a finished basement
  • First floor includes 3 bedrooms and 1 full bathroom
  • Second floor offers 2 bedrooms and 1 full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Pet Store Carpet & Flooring Store Pet Store & Service

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,363
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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with finished basement space and no off-street parking.
Where is this triplex located?
The property is located at 295 Central Avenue Newark, NJ.
What are key features of this property?
This property features: Triplex with three above‑grade floors and a finished basement; First floor includes 3 bedrooms and 1 full bathroom; Second floor offers 2 bedrooms and 1 full bathroom
More about this property
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