Two-Bedroom Apartment with
300 N 5th St # 1, Newark, NJ 07107
For Sale
New
Contact for pricing
Updated in 2023, the apartment includes a washer and dryer within the unit and access to a backyard.
Property Size700 SF
Price / SF$2.57
Days on Market2
Property Features for 300 N 5th St # 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
in-unit washer/dryer
backyard access
Tile,Wood
Gas-Natural
Second
2 Bedrooms,Bath(s) Other,Kitchen,Laundry Room,Living Room
2
In Unit
Bathroom
City/Town Street
Public Water
21.9X100
0.05
Building Details
Year Built
Year Renovated
Listing Agency:
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 8:14AM
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 Reisha Baker
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Investment Insights
Based on property information with market context.
This 700-square-foot apartment has two bedrooms and two bathrooms. Renovated in 2023, it also features an in-unit washer and dryer and access to a backyard. The property is at 300 N 5th St #1 in Newark, New Jersey.
Key Highlights
- Two bedrooms and two bathrooms in 700 square feet
- Renovated in 2023
- Washer and dryer located in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,730
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,600
$214.6K
Cap Rate 7%
$153,286
$153.3K
Cap Rate 9%
$119,222
$119.2K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$20.6K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$19.5K $27.87/SF
− OpEx
−$8.8K −$12.54/SF
NOI
$10.7K $15.33/SF
Area
ZIP 07107
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,600
Cap Rate 7%
$153,286
Cap Rate 9%
$119,222
Alternative Uses
Best Use
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,730 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.8K
$239.6K – $319.5K
NOI $19,169 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
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Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - Updated in 2023, the apartment includes a washer and dryer within the unit and access to a backyard.
Where is this residential income property located?
The property is located at 300 N 5th St # 1 Newark, NJ.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 700 square feet; Renovated in 2023; Washer and dryer located in the unit
