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Triplex with Finished Basement
For Sale
$889,000

350 New St, Newark, NJ 07103

Legal three-family property offering spacious unit layouts, private outdoor space, and a driveway.

Property SizeContact for details
Days on Market42

Property Features for 350 New St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 3 x 3BR/2BA
Multifamily Units 3

Additional Details

Public Transit Yes

Amenities

finished basement
backyard
driveway

Building Details

Year Built 1990
Buildings 1
Listing Agency: THE ARENDEL GROUP LLC
Listed By: ROSANGELY NEGRON · License #0569857
Source: Goldstandardrealty
Added: Jul 19 Changed: Aug 28 Last Checked: Aug 29 at 12:39PM

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 THE ARENDEL GROUP LLC

Investment Insights

Based on property information with market context.

Built in 1990, this legal triplex includes three separate units, each with 3 bedrooms and 2 bathrooms. The property provides spacious layouts along with a finished basement, backyard, and driveway.

The Newark property is near Rutgers University and minutes from Newark Penn Station. Its three-family configuration and established physical improvements define the asset’s current residential income profile.

Key Highlights

  • Legal 3‑family house with 3 units
  • Each unit includes 3 bedrooms and 2 bathrooms
  • Finished basement provides additional completed space

Property Analytics

Current Use

Painter/Wall Decor. Painting Service

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Nursing Home Locksmith

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

3,033
Businesses Nearby

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-family property offering spacious unit layouts, private outdoor space, and a driveway.
Where is this triplex located?
The property is located at 350 New St Newark, NJ.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Legal 3‑family house with 3 units; Each unit includes 3 bedrooms and 2 bathrooms; Finished basement provides additional completed space
More about this property
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