Building Details

Year Built 1900

Tenancy Multi

Listing Agency: Neno-Rosa Agency A***@me.com Show Phone

Listed By: Aina R. Lin-Hsieh Show Phone

Source: Compass

Added: Jun 10 Changed: Aug 8 Last Checked: Jul 24 at 1:35PM

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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 Neno-Rosa Agency

Investment Insights

Based on property information with market context.

This two-family residential income property offers a first-floor unit with a living room, kitchen, two bedrooms, a bathroom, and new floors in the living room and bathroom. The second apartment has been freshly painted and includes a new kitchen, new appliances, a new bath, and new vinyl plank floors, along with walk-up stairs to a finished attic with an additional bedroom. The basement includes two sets of washer and dryer and an older bath in as-is condition. Electricity, gas, heat, and hot water are separate for each unit, providing independent utilities between apartments. The roof is approximately 7 years old.

The property is located close to the Newark Light Rail and several nearby area destinations, including NJIT, Rutgers University, NJPAC, and the Prudential Center. It is also described as convenient to the Turnpike, Parkway, Route 280, and Route 21. Free parking is available on East Newark streets with a resident parking permit, which can be obtained through the Borough of East Newark after updating registration, driver’s license, and auto insurance with the East Newark address.

Key Highlights

• Two‑family home with 4 bedrooms and 3 full baths, total 8 rooms
• 1st‑floor unit has 2 bedrooms and a bath, with new floors in the living room and bathroom
• 2nd‑floor unit includes freshly painted interiors, new kitchen, new appliances, new bath, and new vinyl plank floors

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Veterinary Clinic Tanning Salon Locksmith Buffet Adult Day Care Nursing Home

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

2

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,683

Businesses Nearby

Explore this area Business Placement

Demographics for 07029, NJ

22,044

Population

10,485

Households

2.1

Avg Household Size

33

Median Age

47%

College-Educated

87%

High-School Grad

1.3 sq mi

ZIP Area

16,957

Density / Sq Mi

$80,495

Median Household Income

$52,097

Median Earnings

$2,036

Median Rent

$433,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate units feature updated interiors, a walk-up attic bedroom, and separate utilities.

Where is this duplex located?

The property is located at 30 Searing Avenue East Newark, NJ.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Two‑family home with 4 bedrooms and 3 full baths, total 8 rooms; 1st‑floor unit has 2 bedrooms and a bath, with new floors in the living room and bathroom; 2nd‑floor unit includes freshly painted interiors, new kitchen, new appliances, new bath, and new vinyl plank floors