38-40 ECKERT Avenue, Newark, NJ 07112
MULTI_FAMILY - NEWARK, NJ
- Added:
- May 5, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 2 at 4:06 pm
Property Features for 38-40 ECKERT Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Driveway
- Standard status
- Active
- Size
- 2,770 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8700
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1912
- Number of units
- 3
- Building materials
- Vinyl Siding
Listing agent Ebenezer Carpio License #1971607 (856) 600-4001
Listing office Keller Williams Realty - Moorestown 513 S Lenola Road, Moorestown, NJ (856) 316-1100
Listing date May 5, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3‑family property with 2‑bedroom/1‑bath unit on the first floor, 3‑bedroom/1‑bath on the second floor, and 2‑bedroom/1‑bath on the third floor
- Property currently occupied but will be delivered vacant
- Year built: 1912
- Vinyl siding exterior
- Heating: electric with baseboard; cooling: window unit(s)
- Driveway parking
Overview
The property sits on a small lot in Newark, Essex County, NJ. The seller notes convenient access to major highways and public transportation, with nearby shopping and schools.
This configuration can suit investors seeking a multi-unit setup or owner-occupants looking to live in one unit while renting the others. With the property scheduled to be delivered vacant, buyers have the opportunity to plan next steps for occupancy and leasing. Private appointments are required and residents should not be disturbed. Please note that some listing photos have been digitally cleaned or modified; current photos are available upon request.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.5k | $25.44 |
| − Vacancy | −$3.4k | −$1.23 |
| EGI | $67.1k | $24.21 |
| − OpEx | −$20.1k | −$7.26 |
| NOI | $46.9k | $16.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.20785
- Latitude
- 40.71368
