Duplex Built in
New
For Sale
$825,000
379 S 9th St, Newark, NJ 07103
A recently constructed two-unit property offers residential income use in Newark.
Property Size3,546 SF
Price / SF$232.66
Days on Market4
Property Features for 379 S 9th St
General Information
Standard status
Active
Size
3,546 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
2023
Listing Agency:
Seaside Heights Realty Inc
Listed By:
William Hagan Group
(732) 847-2901
Source:
Williamhagangroup
Added: Oct 7
Last Checked: Oct 9 at 8:03PM
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 Seaside Heights Realty Inc
Investment Insights
Based on property information with market context.
This duplex contains 3,546 square feet and was built in 2023, providing a two-unit residential configuration in Newark.
Public transportation, major highways, shopping, dining, and local amenities are nearby.
Public transportation, major highways, shopping, dining, and local amenities are nearby.
Key Highlights
- Built in 2023
- 3,546 square feet of property size
- Two‑unit residential property in Newark
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,862
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,240
$1.4M
Cap Rate 7%
$1,012,314
$1.0M
Cap Rate 9%
$787,356
$787.4K
Market Conditions
NOI Build-Up for 3,546 SF
Gross rent
$106.4K $30.00/SF
− Vacancy
−$5.1K −$1.45/SF
EGI
$101.2K $28.55/SF
− OpEx
−$30.4K −$8.56/SF
NOI
$70.9K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,240
Cap Rate 7%
$1,012,314
Cap Rate 9%
$787,356
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.8K – $1.18M
NOI $70,862 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$920.1K
$805.1K – $1.07M
NOI $64,409 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,780 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,548
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A recently constructed two-unit property offers residential income use in Newark.
Where is this duplex located?
The property is located at 379 S 9th St Newark, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Built in 2023; 3,546 square feet of property size; Two‑unit residential property in Newark
