Three-Unit Triplex with
350 N 7Th St, Newark, NJ 07107
For Sale
New
$1,050,000
Multi-Family, 3-Three Story, Triplex, Newark City, NJ
Property Size4,100 SF
Lot Size0.06 Acres
Price / SF$256.10
Days on Market5
Property Features for 350 N 7Th St
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Exterior features
Fencing
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
NJ REALTY SYSTEMS LLC.
Listed By:
JOSEPH ROMANO
(800) 455-2059
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 7 at 3:06AM
MLS# 4062547
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-unit residential property spans three levels and includes 4,100 square feet. Its apartment mix consists of two three-bedroom units and one two-bedroom unit, with two full bathrooms in each residence. Open living areas connect with kitchens, and every apartment has in-unit laundry. Wood floors and walk-in closets are among the interior features. The property includes off-street parking and occupies a 0.06-acre lot.
The address is 350 N 7th St in Newark. Branch Brook Park, local shops and restaurants, public transportation, and major commuter routes are identified nearby. Public water and sewer serve the property.
The address is 350 N 7th St in Newark. Branch Brook Park, local shops and restaurants, public transportation, and major commuter routes are identified nearby. Public water and sewer serve the property.
Key Highlights
- Three apartments: two three‑bedroom units and one two‑bedroom unit
- Each residence has two full bathrooms and in‑unit laundry
- Three‑level property with 4,100 square feet on a 0.06‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,973
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,399,460
$1.4M
Cap Rate 7%
$999,614
$999.6K
Cap Rate 9%
$777,478
$777.5K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$105.8K $25.80/SF
− Vacancy
−$5.8K −$1.42/SF
EGI
$100.0K $24.38/SF
− OpEx
−$30.0K −$7.31/SF
NOI
$70.0K $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%
$1,399,460
Cap Rate 7%
$999,614
Cap Rate 9%
$777,478
Alternative Uses
Best Use
Multifamily LT 5
$999.6K
$874.7K – $1.17M
NOI $69,973 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$897.9K
$785.6K – $1.05M
NOI $62,850 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,274 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
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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
$353,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Newark, NJ
Properties on Market for Triplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three levels contain three apartments, each with in-unit laundry and two full bathrooms.
Where is this triplex located?
The property is located at 350 N 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three apartments: two three‑bedroom units and one two‑bedroom unit; Each residence has two full bathrooms and in‑unit laundry; Three‑level property with 4,100 square feet on a 0.06‑acre lot
