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Two-Unit Duplex

308 New York Avenue, Newark, NJ 07105

For Sale
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Both apartments have three bedrooms, an eat-in kitchen, and separate electric meters.

Property SizeContact for details
Days on Market9

Property Features for 308 New York Avenue

General Information

Standard status Active
Property subtype Multi Family 2-4 Units

Site & Location

Neighborhood South Ironbound

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2
Individually Metered Utilities electricity

Amenities

central air conditioning
partially finished basement

Building Details

Buildings 1
Listing Agency: New Direction Realty LLC
Listed By: Pedro Mota · License NJ #294844
Source: Capmarkrealty
Added: Nov 1 Changed: Nov 7 Last Checked: Nov 8 at 3:08AM

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 New Direction Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This Newark duplex contains two apartments, each arranged with three bedrooms, one bathroom, an eat-in kitchen, a living room, and a dining room. The first-floor unit has central heating and air conditioning; the upper apartment uses baseboard heat. Three additional rooms and a bathroom occupy the attic, which is heated electrically. A partially finished basement adds interior space, and each apartment has its own electric meter.

At 308 New York Avenue, the property is in Newark’s Ironbound neighborhood, an area with restaurants, bakeries, shops, and local businesses.

Key Highlights

  • Two apartments, each with 3 bedrooms and 1 bathroom
  • Separate electric meters serve the apartments
  • First‑floor apartment has central heating and air conditioning

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,615
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Newark, NJ

$329 Jul
$288 Aug
$231 Sep
$236 Oct

Properties on Market for Duplexes in Newark

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both apartments have three bedrooms, an eat-in kitchen, and separate electric meters.
Where is this duplex located?
The property is located at 308 New York Avenue Newark, NJ.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; Separate electric meters serve the apartments; First‑floor apartment has central heating and air conditioning
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