New-Construction
For Sale
$1,275,000
369 6th Ave, Newark, NJ 07107
Three residences offer distinct living, dining, and kitchen areas with independent HVAC systems.
Property Size3,125 SF
Days on Market24
Property Features for 369 6th Ave
General Information
Standard status
Active
Size
3,125 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Amenities
large private backyard
Building Details
Building Size
3,125 SF
Year Built
2026
Buildings
1
Units
3
Listing Agency:
Keller Williams City Views Realty
(201) 519-4739
Listed By:
Oscar Nunez-Paz · License #300194
(201) 519-4739
Source:
Betterhomerealestate
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 28 at 11:30AM
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 Keller Williams City Views Realty
Investment Insights
Based on property information with market context.
Completed as new construction in 2026, this triplex contains three separate residences with a combined 11 bedrooms, a den, and 6 full baths. Each home includes defined living, dining, and kitchen areas rather than a fully open arrangement. Unit 1 has 3 bedrooms and 2 full baths, while Unit 2 provides 4 bedrooms and 2 full baths. Unit 3 adds 4 bedrooms, a den, and 2 full baths, with the den suited to office or flex use. Designer-selected finishes, two-tone kitchens, separate utilities, and independent HVAC systems are included throughout.
The property also features a large private backyard and a 5 year tax abatement. Its configuration supports both owner occupancy and multifamily investment use, subject to the buyer’s intended strategy and applicable requirements.
The property also features a large private backyard and a 5 year tax abatement. Its configuration supports both owner occupancy and multifamily investment use, subject to the buyer’s intended strategy and applicable requirements.
Key Highlights
- 11 bedrooms + a den across 3 residences
- 6 full baths across the triplex
- Unit 3 includes 4 bedrooms plus a den
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,066,660
$1.1M
Cap Rate 7%
$761,900
$761.9K
Cap Rate 9%
$592,589
$592.6K
Market Conditions
NOI Build-Up for 3,125 SF
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.
Gross rent
$80.6K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$76.2K $24.38/SF
− OpEx
−$22.9K −$7.31/SF
NOI
$53.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,066,660
Cap Rate 7%
$761,900
Cap Rate 9%
$592,589
Alternative Uses
Best Use
Multifamily LT 5
$761.9K
$666.7K – $888.9K
NOI $53,333 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,575 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer distinct living, dining, and kitchen areas with independent HVAC systems.
Where is this triplex located?
The property is located at 369 6th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 11 bedrooms + a den across 3 residences; 6 full baths across the triplex; Unit 3 includes 4 bedrooms plus a den
