Two-Unit Duplex with
For Sale
$540,000
388 N 6Th St, Newark, NJ 07107
Multi-Family, 2-Two Story, Newark City, NJ
Property Size1,703 SF
Lot Size0.07 Acres
Price / SF$317.09
Days on Market49
Property Features for 388 N 6Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Patio and Porch features
Patio
Exterior features
Patio, Sidewalk
Directions
3rd Ave west to N. 6th st
Standard status
Active
Size
1,703 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8677
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry room
Building Details
Year built
1917
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
RE/MAX HERITAGE PROPERTIES · RE/MAX International
(908) 879-4700
Listed By:
STEPHANIE N. MANCILLA
(973) 598-1700
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 27 at 7:06PM
MLS# 4051497
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,703-square-foot duplex, built in 1917, contains two residential units arranged across two stories. Each unit includes two bedrooms, a kitchen, dining room, living room, and full bathroom. The second-floor unit also has an extra room, while the partially finished basement provides a walkout, laundry room, utility area, and additional tenant-use space.
The property occupies 0.07 acres at 388 N 6th St in Newark City, NJ 07107-2314. Exterior features include a patio and sidewalk. Public water and public sewer serve the property, and the roof is shingle. An underground oil tank was removed in 2020.
The property occupies 0.07 acres at 388 N 6th St in Newark City, NJ 07107-2314. Exterior features include a patio and sidewalk. Public water and public sewer serve the property, and the roof is shingle. An underground oil tank was removed in 2020.
Key Highlights
- Two‑unit duplex with 1,703 square feet of property size
- Each unit offers 2 bedrooms, kitchen, dining room, living room, and full bath
- Partially finished basement with walkout and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,065
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,300
$581.3K
Cap Rate 7%
$415,214
$415.2K
Cap Rate 9%
$322,944
$322.9K
Market Conditions
NOI Build-Up for 1,703 SF
Gross rent
$43.9K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.5K $24.38/SF
− OpEx
−$12.5K −$7.31/SF
NOI
$29.1K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,300
Cap Rate 7%
$415,214
Cap Rate 9%
$322,944
Alternative Uses
Best Use
Multifamily LT 5
$415.2K
$363.3K – $484.4K
NOI $29,065 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$372.9K
$326.3K – $435.1K
NOI $26,106 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$666.2K
$582.9K – $777.3K
NOI $46,635 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential income property with separate living areas, shared laundry, patio, and public utilities.
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‑unit duplex with 1,703 square feet of property size; Each unit offers 2 bedrooms, kitchen, dining room, living room, and full bath; Partially finished basement with walkout and laundry room
