Remodeled Two-Family
348 Woodside Avenue Newark, NJ 07104
348 Woodside Avenue, Newark, NJ, 07104
$880,000
For Sale
$880,000
Tastefully remodeled two-family with separate HVAC and utilities, plus attic flex space and a driveway for 8+ cars.
Property Size1,500 SF
Price / SF$586.67
Days on Market141
Property Features for 348 Woodside Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 2026
Listing agency
EREALTY
(201) 453-3510
Listed by
EVERTH MARADIAGA · License #255815
(201) 453-3510
Source
Compass
Added: Mar 2 Updated: Jul 21 at 12:55AM Checked: Jul 21 at 12:55AM
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 tastefully remodeled two-family duplex is currently undergoing renovations, with work expected to be completed within the next two weeks. Updates include new electric, new plumbing, new siding, and new interior finishes and appliances. The first-floor layout offers a living room, eat-in kitchen, three bedrooms, and one bathroom. The second floor includes a similar arrangement with living room, eat-in kitchen, three bedrooms, and one bath, connected by a staircase to a large open-concept attic area with lots of natural light. The attic provides flexible space with washer and dryer hookups, which can function as a family room, office, or a large independent bedroom.
Each apartment has separate HVAC along with gas and electric. Outside, the property includes a driveway sized to fit 8+ cars and a two-car garage, along with approximately 2,300 square feet of backyard space between the garage and the house.
The property is listed for sale at 348 Woodside Avenue, Newark, NJ 07104.
Each apartment has separate HVAC along with gas and electric. Outside, the property includes a driveway sized to fit 8+ cars and a two-car garage, along with approximately 2,300 square feet of backyard space between the garage and the house.
The property is listed for sale at 348 Woodside Avenue, Newark, NJ 07104.
Key Highlights
- 2‑family home under renovation (year built 2026) with new electric, new plumbing, new siding, new interior and appliances
- Each unit has separate HVAC plus separate gas and electric
- First floor: living room, eat‑in kitchen, 3 bedrooms, and 1 bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $25.56 |
| − Vacancy | −$1.9k | −$1.24 |
| EGI | $36.5k | $24.32 |
| − OpEx | −$10.9k | −$7.30 |
| NOI | $25.5k | $17.03 |
1,500 SF · lease $25.56/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.7K
NOI $25,539 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$335.5K
$293.6K – $391.5K
NOI $23,488 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$474.5K
$415.2K – $553.6K
NOI $33,213 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tastefully remodeled two-family with separate HVAC and utilities, plus attic flex space and a driveway for 8+ cars.
Where is this duplex located?
The property is located at 348 Woodside Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 2‑family home under renovation (year built 2026) with new electric, new plumbing, new siding, new interior and appliances; Each unit has separate HVAC plus separate gas and electric; First floor: living room, eat‑in kitchen, 3 bedrooms, and 1 bathroom
