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Triplex with Detached Garage
For Sale
$949,000

382 Walnut St Unit 3, Newark, NJ 07105

Three-family property with a finished basement, separate utilities, and a vacant first-floor residence.

Property SizeContact for details
Days on Market10

Property Features for 382 Walnut St Unit 3

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3BR/1BA, 2BR, 2BR
Multifamily Units 3

Amenities

hardwood floors
baseboard heating
window A/C units
finished basement

Building Details

Year Built 1910
Listing Agency: KELLER WILLIAMS PARK VIEWS
Listed By: ALFREDO SILVA · License #3172012
Source: Goldstandardrealty
Added: Sep 18 Changed: Sep 23 Last Checked: Sep 26 at 10:19AM

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 PARK VIEWS

Investment Insights

Based on property information with market context.

Built in 1910, this three-family property includes a vacant first-floor apartment with 3 bedrooms, a living room, eat-in kitchen, and full bath. The second- and third-floor residences each provide 2 bedrooms, a living room, and a kitchen; the third-floor unit was fully renovated approximately 2 years ago. Hardwood flooring, baseboard heat, and window A/C units serve all three apartments.

Additional improvements include a finished basement, separate utilities, and newer windows installed throughout approximately 2 years ago. A detached garage accommodates up to 3 cars. The property is located in Newark’s Ironbound section with access to shopping, restaurants, public transportation, Downtown Newark, and major highways. An active Green Card is also in place.

Key Highlights

  • Three‑family property with a vacant first‑floor unit
  • First‑floor apartment includes 3 bedrooms and an eat‑in kitchen
  • Second- and third‑floor units each feature 2 bedrooms

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Tanning Salon Locksmith Adult Day Care Pet Grooming Service

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

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,744
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-family property with a finished basement, separate utilities, and a vacant first-floor residence.
Where is this triplex located?
The property is located at 382 Walnut St Unit 3 Newark, NJ.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three‑family property with a vacant first‑floor unit; First‑floor apartment includes 3 bedrooms and an eat‑in kitchen; Second- and third‑floor units each feature 2 bedrooms
More about this property
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