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Two-Unit Duplex With Finished Basement
For Sale
$750,000
Pending

309 Smith Street, Newark, NJ 07106

Each unit offers 3 bedrooms and 2 full bathrooms, plus a finished basement and living/dining area combination.

Property SizeContact for details
Days on Market127

Property Features for 309 Smith Street

General Information

Standard status Pending
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $9,062

Amenities

6
4
4.1
1
13
5
Brick, Vinyl Siding

Building Details

Year Built 2007
Listing Agency: GLOBAL REALTY RESOURCE
Listed By: PAUL ANYANWU · License #238478
Source: Compass
Added: May 6 Changed: Aug 8 Last Checked: Jul 24 at 2:02PM

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 GLOBAL REALTY RESOURCE

Investment Insights

Based on property information with market context.

This very large, spacious two-unit duplex includes separate residences, with each unit featuring three bedrooms and two full bathrooms. The master bedroom has its own bathroom, and the living room and dining room are combined. A finished basement is included, providing additional interior space within the overall layout.

Located at 309 Smith Street in Newark, NJ 07106, the property is described as being in a great location and close to bus routes.

Overall, the duplex configuration supports comfortable two-family living with consistent unit finishes and a functional indoor layout that includes bedrooms, full baths, and a finished basement.

Key Highlights

  • Duplex built in 2007 offering 2 units, each with 3 bedrooms and 2 full bathrooms
  • Each unit includes a living/dining room combination
  • Finished basement included with the living/dining space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture

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

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Each unit offers 3 bedrooms and 2 full bathrooms, plus a finished basement and living/dining area combination.
Where is this duplex located?
The property is located at 309 Smith Street Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex built in 2007 offering 2 units, each with 3 bedrooms and 2 full bathrooms; Each unit includes a living/dining room combination; Finished basement included with the living/dining space
More about this property
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