3-Unit Residential
New
For Sale
$1,125,000
348 N 7Th St, Newark, NJ 07107
Multi-Family, 3-Three Story, Triplex, Newark City, NJ
Property Size4,425 SF
Lot Size0.12 Acres
Price / SF$254.24
Days on Market1
Property Features for 348 N 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 6, Bathroom 3, Bathroom 5, Bedroom 8, Bedroom 7, Bathroom 4
Parking
2
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Intercom, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
Exterior features
Sidewalk, FencVnyl
Fencing
Fenced
Directions
280 East to Exit 13, to 1st Street, to Park Ave to 7th Street.
Standard status
Active
Size
4,425 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2787
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
dedicated laundry facilities
Building Details
Year built
2026
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
NJ REALTY SYSTEMS LLC.
Listed By:
JOSEPH ROMANO
(800) 455-2059
Added: Oct 23
Last Checked: Oct 23 at 9:06AM
MLS# 4060760
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 three-story residential property contains three units totaling 4,425 square feet on a 0.12-acre lot. The unit mix comprises two three-bedroom homes and one two-bedroom home. Each includes two full bathrooms, an open living and dining area, a modern kitchen, and dedicated laundry facilities. Off-street parking is provided.
Branch Brook Park is a nearby destination, and the property has access to public transportation, major highways, retail, dining, downtown Newark, and connections to New York City. The building is located at 348 N 7th St in Newark, New Jersey.
Branch Brook Park is a nearby destination, and the property has access to public transportation, major highways, retail, dining, downtown Newark, and connections to New York City. The building is located at 348 N 7th St in Newark, New Jersey.
Key Highlights
- Three‑story property with three residential units
- Two three‑bedroom units and one two‑bedroom unit
- Each unit has two full bathrooms, an open living and dining area, a modern kitchen, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,520
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,400
$1.5M
Cap Rate 7%
$1,078,857
$1.1M
Cap Rate 9%
$839,111
$839.1K
Market Conditions
NOI Build-Up for 4,425 SF
Gross rent
$114.2K $25.80/SF
− Vacancy
−$6.3K −$1.42/SF
EGI
$107.9K $24.38/SF
− OpEx
−$32.4K −$7.31/SF
NOI
$75.5K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,400
Cap Rate 7%
$1,078,857
Cap Rate 9%
$839,111
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.0K – $1.26M
NOI $75,520 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$969.0K
$847.9K – $1.13M
NOI $67,832 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,174 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own laundry area, two full bathrooms, and an open living and dining arrangement.
Where is this triplex located?
The property is located at 348 N 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three‑story property with three residential units; Two three‑bedroom units and one two‑bedroom unit; Each unit has two full bathrooms, an open living and dining area, a modern kitchen, and laundry
