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Two-Unit Duplex with Walkout Basement
For Sale
$540,000

388 N 6Th St, Newark, NJ 07107

Two residential units provide two bedrooms, kitchens, living areas, dining rooms, and full bathrooms.

Property SizeContact for details
Days on Market34

Property Features for 388 N 6Th St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,677

Building Details

Year Built 1917
Buildings 1
Units 2
Listed By: STEPHANIE N. MANCILLA · License #1859501
Source: Elliman
Added: Sep 10 Changed: Oct 7 Last Checked: Oct 12 at 8:37PM

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 STEPHANIE N. MANCILLA

Investment Insights

Based on property information with market context.

This two-family property, built in 1917, offers a separate residential layout on each of its two floors. The first-floor unit includes two bedrooms, a kitchen, dining room, living room, and full bathroom. The upper unit also has two bedrooms, a kitchen, dining room, living room, and full bathroom, along with an additional room.

A partially finished basement provides a walkout, laundry room, utility area, and additional space designated for tenant use. The property is located at 388 N 6th St in Newark, with a Walk Score of 89, Transit Score of 72, and Bike Score of 40.

Key Highlights

  • Two‑family property with separate first- and second‑floor residences
  • Each unit includes 2 bedrooms, a kitchen, dining room, living room, and full bathroom
  • Partially finished walkout basement

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Computer & Electronic Repair Acupuncture Gym & Fitness Center

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,430
Businesses Nearby

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
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units provide two bedrooms, kitchens, living areas, dining rooms, and full bathrooms.
Where is this duplex located?
The property is located at 388 N 6Th St Newark, NJ.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two‑family property with separate first- and second‑floor residences; Each unit includes 2 bedrooms, a kitchen, dining room, living room, and full bathroom; Partially finished walkout basement
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