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Renovated Income-Generating Two-Family Home
For Sale
$589,000
Pending

297 W Runyon St, Newark, NJ 07108

Move-in ready, renovated two-family home in Newark.

Property SizeContact for details
Days on Market228

Property Features for 297 W Runyon St

General Information

Standard status Pending
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $8,727

Amenities

Baseboard, Natural Gas
Full, Unfinished
On Street
3-Three Story

Building Details

Year Built 1897
Stories 3
Listing Agency: Signature Realty NJ LLC - Westfield
Listed By: DANIEL MONTANO
Source: Evrealestate
Added: Jan 19 Changed: Aug 23 Last Checked: Jul 26 at 5:38AM

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 Signature Realty NJ LLC - Westfield

Investment Insights

Based on property information with market context.

This move-in ready two-family home presents an opportunity for investors or owner-occupants. The property includes a first floor with a full modern renovation. A bonus third-floor suite offers an additional bedroom, living space, and full bath. Each unit features spacious layouts, eat-in kitchens, and bright living rooms. The property is located near transit, schools, shopping, and major highways in Newark.

Key Highlights

  • Move‑in ready, renovated 2‑family home, ideal for owner‑occupant or investor.
  • Income‑generating property with potential for maximizing rental income.
  • First floor features a full modern renovation.

Property Analytics

Current Use

Rouss Tax & Accounting Accounting Firm

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Nursing Home Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,231
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
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?
Duplex - Move-in ready, renovated two-family home in Newark.
Where is this duplex located?
The property is located at 297 W Runyon St Newark, NJ.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Move‑in ready, renovated 2‑family home, ideal for owner‑occupant or investor.; Income‑generating property with potential for maximizing rental income.; First floor features a **full modern renovation**.
More about this property
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