Licensed Rooming House
For Sale
Contact for pricing
39 Halsted St, Newton, NJ 07860
Licensed 13-unit rooming house with 11 singles, one studio, one efficiency unit, and on-site property management.
Property SizeContact for details
Days on Market144
Property Features for 39 Halsted St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
11.47%
Multifamily Units
13
Building Details
Tenancy
Multi
Listing Agency:
JVD REALTY ADVISORS LLC
Listed By:
Jeanie Donato · License #NJ 9486580
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 11:05AM
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 JVD REALTY ADVISORS LLC
Investment Insights
Based on property information with market context.
This licensed 13-unit rooming house is configured with 11 single rooms, plus one studio and one efficiency unit. The property includes 3 full baths. A property manager lives on site and occupies one unit as part of compensation to operate the building.
The property is located at 39 Halsted St in Newton, NJ. It was recently inspected, with an oil tank removed and a certificate issued with no issues.
Reported financials include GOI of $135K and NOI of $100K, with an indicated cap rate of 11.47%.
The property is located at 39 Halsted St in Newton, NJ. It was recently inspected, with an oil tank removed and a certificate issued with no issues.
Reported financials include GOI of $135K and NOI of $100K, with an indicated cap rate of 11.47%.
Key Highlights
- Licensed 13‑unit rooming house with 11 singles, 1 studio, and 1 efficiency unit
- 3 full baths
- On‑site property manager lives on the property and occupies 1 unit as part of compensation
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Licensed 13-unit rooming house with 11 singles, one studio, one efficiency unit, and on-site property management.
Where is this apartment building located?
The property is located at 39 Halsted St Newton, NJ.
What are key features of this property?
This property features: Licensed 13‑unit rooming house with 11 singles, 1 studio, and 1 efficiency unit; 3 full baths; On‑site property manager lives on the property and occupies 1 unit as part of compensation
