Duplex with Central
New
For Sale
$785,000
346 Woodside Ave, Newark, NJ 07104
The detached property has finished interior space and central air conditioning.
Property Size2,200 SF
Price / SF$356.82
Days on Market6
Property Features for 346 Woodside Ave
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,290
Amenities
Central Air
Electric, Forced Air, Natural Gas
Finished
Gas Water Heater
Detached
See Remarks
Building Details
Building Size
2,200 SF
Year Built
1939
Listing Agency:
EREALTY
Listed By:
EVERTH MARADIAGA · License #255815
(201) 780-2492
Source:
Evrealestate
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:40AM
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 EREALTY
Investment Insights
Based on property information with market context.
This detached duplex contains 2,200 square feet of finished interior space. Central air serves the property, with forced-air heating powered by natural gas and a gas water heater. The building dates to 1939.
Located on Woodside Avenue in Newark, the property is offered for sale.
Located on Woodside Avenue in Newark, the property is offered for sale.
Key Highlights
- 2,200 square feet of finished interior space
- Detached duplex built in 1939
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,457
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,140
$749.1K
Cap Rate 7%
$535,100
$535.1K
Cap Rate 9%
$416,189
$416.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$56.2K $25.56/SF
− Vacancy
−$2.7K −$1.24/SF
EGI
$53.5K $24.32/SF
− OpEx
−$16.1K −$7.30/SF
NOI
$37.5K $17.03/SF
Area
ZIP 07104
Vacancy
4.84%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,140
Cap Rate 7%
$535,100
Cap Rate 9%
$416,189
Alternative Uses
Best Use
Multifamily LT 5
$535.1K
$468.2K – $624.3K
NOI $37,457 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$492.1K
$430.6K – $574.2K
NOI $34,449 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$695.9K
$608.9K – $811.9K
NOI $48,712 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The detached property has finished interior space and central air conditioning.
Where is this duplex located?
The property is located at 346 Woodside Ave Newark, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 2,200 square feet of finished interior space; Detached duplex built in 1939; Central air conditioning
