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Triplex with Finished Basement
New
For Sale
$1,100,000

321 Walnut St, Newark, NJ 07105

Three apartments have separate kitchens, while the finished basement adds laundry and utility space.

Property SizeContact for details
Days on Market4

Property Features for 321 Walnut St

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $11,089

Amenities

laundry
shed
wine room

Building Details

Units 3
Listing Agency: EXIT REALTY LUCKY ASSOCIATES
Listed By: ANTONIO COSTA · License #238477
Source: Elliman
Added: Sep 24 Last Checked: Sep 26 at 9:47AM

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 EXIT REALTY LUCKY ASSOCIATES

Investment Insights

Based on property information with market context.

This Newark triplex contains three apartments with distinct layouts. The first-floor unit has four bedrooms, a living room, an eat-in kitchen, and central air conditioning and heat. The second- and third-floor apartments each include three bedrooms, a study, an office, living and dining rooms, and an eat-in kitchen. Kitchen appliances and granite counters are noted in the first two units; the third has a Formica counter. Heating and cooling systems vary by floor.

The finished basement contains four rooms, a full bath, a utility room, and coin-operated laundry equipment with two washers and two dryers. Building systems include four electric meters, three gas meters, four hot water tanks, and multiple heating and HVAC units. A finished shed and a separate wine room with a full bath and wet bar are also part of the property. A concrete rear yard provides outdoor space.

The property faces Independence Park. Its reported scores are 97 for walking, 75 for transit, and 64 for biking. Vacant delivery at closing is an option.

Key Highlights

  • Three apartments with varied bedroom, study, office, and living‑area layouts
  • Finished basement includes four rooms, a full bath, utility space, and coin‑operated laundry
  • Laundry setup has 2 washers and 2 dryers

Property Analytics

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Current Use

Oxford Development Group ... Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Buffet Pet Store & Service Tanning Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,344
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

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?
Triplex - Three apartments have separate kitchens, while the finished basement adds laundry and utility space.
Where is this triplex located?
The property is located at 321 Walnut St Newark, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three apartments with varied bedroom, study, office, and living‑area layouts; Finished basement includes four rooms, a full bath, utility space, and coin‑operated laundry; Laundry setup has 2 washers and 2 dryers
More about this property
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