Duplex Property with Flat
For Sale
$900,000
313 S 11Th St, Newark, NJ 07103
Multi-Family, 3-Three Story, Newark City, NJ
Property Size3,544 SF
Lot Size0.06 Acres
Price / SF$253.95
Days on Market150
Property Features for 313 S 11Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 7, Bedroom 5, Bedroom 8, Bedroom 9, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Directions
S. Orange Ave to S. 11th St.
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 · Keller Williams Realty
Listed By:
ALFRED D. WILLIS
(973) 253-2800
Added: May 27
Changed: Oct 20
Last Checked: Oct 23 at 11:06AM
MLS# 4030410
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.
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Investment Insights
Based on property information with market context.
This duplex property contains approximately 3,544 square feet of interior living space on a 5,602-square-foot lot. Built in 1910, the building features a flat roof and includes nine bedrooms and one bathroom. Public water and public sewer serve the property.
The property is located at 313 S 11th St in Newark, New Jersey, within the Fairmount neighborhood of Essex County. Its Newark City location and established residential setting provide a defined urban context for the property.
The property is located at 313 S 11th St in Newark, New Jersey, within the Fairmount neighborhood of Essex County. Its Newark City location and established residential setting provide a defined urban context for the property.
Key Highlights
- Approximately 3,544 square feet of interior living space
- 5,602‑square‑foot lot
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,822
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,440
$1.4M
Cap Rate 7%
$1,011,743
$1.0M
Cap Rate 9%
$786,911
$786.9K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$106.3K $30.00/SF
− Vacancy
−$5.1K −$1.45/SF
EGI
$101.2K $28.55/SF
− OpEx
−$30.4K −$8.56/SF
NOI
$70.8K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,440
Cap Rate 7%
$1,011,743
Cap Rate 9%
$786,911
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 authorities.
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Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Historic duplex property with public water and sewer service in Newark’s Fairmount neighborhood.
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: Approximately 3,544 square feet of interior living space; 5,602‑square‑foot lot; Built in 1910
