Building Details

Construction brick exterior

Listing Agency: Keller Williams Realty - NJ Metro Group

Listed By: Brendan Dasilva · License #NJ Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 2:56AM

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Investment Insights

Based on property information with market context.

This duplex at 348 Sussex Ave features a renovated first-floor apartment that is currently vacant, along with a second residential unit. The property has a brick exterior and a two-unit layout suited to residential income use.

Located in Newark, New Jersey, the property offers an opportunity to occupy the renovated lower-level apartment while retaining the second unit within the building.

Key Highlights

• Duplex with two residential units
• Renovated first‑floor apartment
• First‑floor unit is currently vacant

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Veterinary Clinic

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,593

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Updated first-floor apartment is vacant, while the second unit remains part of the two-unit configuration.

Where is this duplex located?

The property is located at 348 Sussex Ave Newark, NJ.

What are key features of this property?

This property features: Duplex with two residential units; Renovated first‑floor apartment; First‑floor unit is currently vacant