Downtown Duplex with
New
For Sale
$1,050,000
409 Halsey St, Newark, NJ 07102
Multi-Family, 3-Three Story, Newark City, NJ
Property Size3,600 SF
Lot Size0.06 Acres
Price / SF$291.67
Days on Market4
Property Features for 409 Halsey St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 6, Bedroom 3
Parking
2
Patio and Porch features
Deck
Interior features
Blinds, Carbon Monoxide Detector, Skylight, Smoke Detector, Walk-In Closet, Wood Floors
Exterior features
Barbeque, Deck
Subdivision
Central Business District
Directions
From Mayor Kenneth A. Gibson Blvd to E Kinney to Halsey
Standard status
Active
Size
3,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10793
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL
(855) 450-0442
Listed By:
ALESSANDRO FALCAO · License #0571693
(973) 941-6999
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 10 at 9:06AM
MLS# 4057505
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.
Investment Insights
Based on property information with market context.
This 3,600-square-foot duplex was built in 2005 on a 0.06-acre lot. Its eight bedrooms and four bathrooms are complemented by hardwood floors, exposed brick, high ceilings, and large rooms. Updated kitchens and bathrooms, central air conditioning, forced-air heat, and a deck add to the property's existing features.
The address is on Halsey Street in downtown Newark, near restaurants, lounges, and entertainment. Prudential Center, Newark Penn Station, NJPAC, downtown businesses, and universities are also in the surrounding area. The property has access to Route 21, I-280, and the Garden State Parkway, with connections to New York City and Newark Liberty International Airport.
The address is on Halsey Street in downtown Newark, near restaurants, lounges, and entertainment. Prudential Center, Newark Penn Station, NJPAC, downtown businesses, and universities are also in the surrounding area. The property has access to Route 21, I-280, and the Garden State Parkway, with connections to New York City and Newark Liberty International Airport.
Key Highlights
- 3,600 square feet on a 0.06‑acre lot
- Eight bedrooms and four bathrooms
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,006
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,120
$1.2M
Cap Rate 7%
$871,514
$871.5K
Cap Rate 9%
$677,844
$677.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$91.6K $25.44/SF
− Vacancy
−$4.4K −$1.23/SF
EGI
$87.2K $24.21/SF
− OpEx
−$26.1K −$7.26/SF
NOI
$61.0K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,120
Cap Rate 7%
$871,514
Cap Rate 9%
$677,844
Alternative Uses
Best Use
Multifamily LT 5
$871.5K
$762.6K – $1.02M
NOI $61,006 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$795.6K
$696.2K – $928.2K
NOI $55,694 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,287 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Eight bedrooms and four bathrooms offer a substantial residential layout in a downtown Newark setting.
Where is this duplex located?
The property is located at 409 Halsey St Newark, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,600 square feet on a 0.06‑acre lot; Eight bedrooms and four bathrooms; Built in 2005
