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Renovated Multifamily Property

322 New St, Newark, NJ 07103

For Sale
New
Contact for pricing

The rental property offers transit connections and proximity to NJIT and Rutgers Law.

Property SizeContact for details
Days on Market2

Property Features for 322 New St

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood University Heights
Public Transit Yes

Amenities

2
Public Water
25X106
0.06

Building Details

Year Built 1979
Listing Agency: WEICHERT REALTORS
Listed By: Reisha Baker
Source: Skyrealtyintl
Added: Nov 8 Last Checked: Nov 9 at 9:51AM

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 WEICHERT REALTORS

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Investment Insights

Based on property information with market context.

Renovation work has been completed at this multifamily rental property, built in 1979. Public water serves the site.

NJIT and Rutgers Law are within walking distance. The property is also described as close to public transit, downtown amenities, major highways, shopping, restaurants, parks, and schools. A train trip to New York City takes approximately 20 minutes.

Key Highlights

  • Renovated multifamily rental property
  • Built in 1979
  • Public water service

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

3,733
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Multifamily properties in Newark, NJ

$334 Jul
$268 Aug
$242 Sep
$236 Oct

Properties on Market for Multifamily properties in Newark

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The rental property offers transit connections and proximity to NJIT and Rutgers Law.
Where is this multifamily property located?
The property is located at 322 New St Newark, NJ.
What are key features of this property?
This property features: Renovated multifamily rental property; Built in 1979; Public water service
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