Building Details

Year Built 1925

Units 3

Listing Agency: LARA REALTY CORP l***@yahoo.com Show Phone

Listed By: TAJUDEEN A AJADI · License #265931

Source: Elliman

Added: Aug 8 Changed: Aug 9 Last Checked: Aug 9 at 6:41PM

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Investment Insights

Based on property information with market context.

This multifamily property was constructed in 1925 and is located at 374 Chadwick Ave 3 in Newark, New Jersey. The surrounding area records a Walk Score of 80, indicating very walkable conditions for pedestrian access. TransitScore is 59, reflecting good transit availability, while BikeScore is 41, classified as somewhat bikeable.

Key Highlights

• Built in 1925
• Walk Score: 80, Very Walkable
• TransitScore: 59, Good Transit

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Parking Lot & Garage Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,672

Businesses Nearby

Explore this area Business Placement

Demographics for 07112, NJ

29,773

Population

11,779

Households

2.5

Avg Household Size

34

Median Age

18%

College-Educated

86%

High-School Grad

1.4 sq mi

ZIP Area

21,266

Density / Sq Mi

$55,171

Median Household Income

$35,709

Median Earnings

$1,334

Median Rent

$306,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Built in 1925, the property is located in a very walkable area with good transit access.

Where is this multifamily property located?

The property is located at 374 Chadwick Ave 3 Newark, NJ.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Built in 1925; Walk Score: 80, Very Walkable; TransitScore: 59, Good Transit