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Multifamily Property with Finished Basement
For Sale
$510,000

314 Smith St, Newark, NJ 07106

Separate utilities and a finished lower level with a full bathroom and kitchenette support flexible occupancy arrangements.

Property SizeContact for details
Days on Market51

Property Features for 314 Smith St

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi Family Home

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Amenities

finished basement with full bathroom and kitchenette

Building Details

Year Built 1927
Units 2
Listing Agency: Re/Max Select
Listed By: Carlos Turner · License #273794
Source: Betterhomerealestate
Added: Jul 13 Changed: Aug 31 Last Checked: Aug 31 at 5:09PM

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 Re/Max Select

Investment Insights

Based on property information with market context.

Built in 1927, this Newark City multifamily property offers spacious units with generous room dimensions, abundant natural light, and practical layouts. Separate utilities support distinct operating arrangements between the units, while the finished basement adds a full bathroom and kitchenette for additional functional space.

The property is located on Smith St in Newark City, NJ, within reach of major highways, public transportation, shopping, schools, and parks. Its residential setting and access to everyday services provide a convenient base for occupants and commuters. The address is 314 Smith St, Newark City, NJ 07106.

Key Highlights

  • Multifamily property built in 1927
  • Separate utilities for the units
  • Finished basement with full bathroom and kitchenette

Property Analytics

Current Use

Multifamily properties

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

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Separate utilities and a finished lower level with a full bathroom and kitchenette support flexible occupancy arrangements.
Where is this multifamily property located?
The property is located at 314 Smith St Newark, NJ.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Multifamily property built in 1927; Separate utilities for the units; Finished basement with full bathroom and kitchenette
More about this property
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