Residential Income
313 S 11Th St Newark, NJ 07103
313 S 11Th St, Newark, NJ, 07103
$900,000
For Sale
$900,000
MULTI_FAMILY - Newark City, NJ
Property Size3,544 SF
Lot Size0.06 Acres
Price / SF$253.95
Days on Market52
Property Features for 313 S 11Th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 9, Bedroom 8, Bedroom 2, Bathroom 1, Bathroom 2
- Standard status
- Active
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7442
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
KELLER WILLIAMS TEAM REALTY
(973) 253-2800
525 ROUTE 46 E -, Clifton, NJ
Listed by
ALFRED D. WILLIS
(973) 253-2800
Added: May 27 Checked: Jul 17 at 3:06 pm
MLS# 4030410
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property at 313-315 S 11th Street is a single-family residence built in 1910, offering approximately 3,544 square feet of interior living space. The property sits on a 5,602 square foot lot.
The listing is located in the Fairmount neighborhood of Newark in Essex County, New Jersey.
The sale is subject to lender approval, and the transaction is identified as a short sale.
The listing is located in the Fairmount neighborhood of Newark in Essex County, New Jersey.
The sale is subject to lender approval, and the transaction is identified as a short sale.
Key Highlights
- 1910‑built single‑family home in Newark’s Fairmount neighborhood (Essex County)
- Approximately 3,544 SF interior living space
- 5,602 SF lot size
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.3k | $30.00 |
| − Vacancy | −$5.1k | −$1.45 |
| EGI | $101.2k | $28.55 |
| − OpEx | −$30.4k | −$8.56 |
| NOI | $70.8k | $19.98 |
3,544 SF · lease $30.00/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.3K – $1.18M
NOI $70,822 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$919.6K
$804.7K – $1.07M
NOI $64,373 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,730 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1910, this single-family income property offers interior space and a defined lot size in Newark.
Where is this duplex located?
The property is located at 313 S 11Th St Newark, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1910‑built single‑family home in Newark’s Fairmount neighborhood (Essex County); Approximately 3,544 SF interior living space; 5,602 SF lot size
