New Construction 3-Unit
For Sale
$1,275,000
369 6th Ave, Newark, NJ 07107
Three independent residences provide spacious layouts, separate utilities, individual HVAC systems, and private outdoor space.
Property Size3,125 SF
Price / SF$408
Days on Market25
Property Features for 369 6th Ave
General Information
Standard status
Active
Size
3,125 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR+den/2BA, 1 x 4BR/2BA, 1 x 3BR/2BA
Multifamily Units
3
Amenities
private backyard
Building Details
Year Built
2026
Listing Agency:
KELLER WILLIAMS CITY VIEWS REALTY
Listed By:
OSCAR NUNEZ-PAZ
Source:
Goldstandardrealty
Added: Sep 19
Changed: Oct 10
Last Checked: Oct 12 at 9:04PM
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.
Scheduled for completion in 2026, this 3,125-square-foot triplex at 369 6th Ave in Newark combines three separately configured residences within one new-construction property. The building contains 11 bedrooms, a den, and six full bathrooms. Units 2 and 3 each feature four bedrooms, while Unit 1 provides three bedrooms. Unit 3 also includes a den suitable for office or flex use.
Each residence has its own living room, dining area, and kitchen rather than a fully open layout. Additional features include custom two-tone kitchens, separate utilities, independent HVAC systems, and upgraded interior finishes. The property also includes a large private backyard and a five-year tax abatement.
Each residence has its own living room, dining area, and kitchen rather than a fully open layout. Additional features include custom two-tone kitchens, separate utilities, independent HVAC systems, and upgraded interior finishes. The property also includes a large private backyard and a five-year tax abatement.
Key Highlights
- Three residences with 11 bedrooms, a den, and 6 full bathrooms
- 3,125 SF new‑construction triplex scheduled for completion in 2026
- Unit 3 includes 4 bedrooms plus a den and a private bathroom in the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,333
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three independent residences provide spacious layouts, separate utilities, individual HVAC systems, and private outdoor space.
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: Three residences with 11 bedrooms, a den, and 6 full bathrooms; 3,125 SF new‑construction triplex scheduled for completion in 2026; Unit 3 includes 4 bedrooms plus a den and a private bathroom in the primary suite
