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Nine-Bedroom Multifamily Property
For Sale
$850,000

416 Walnut Street Unit 3, Newark, NJ 07105

Finished basement includes recreational space within this multifamily property.

Property SizeContact for details
Days on Market172

Property Features for 416 Walnut Street Unit 3

General Information

Standard status Active
Property subtype Multi Family / 3-Three Story
Net Operating Income $999

Taxes and HOA fees

Annual Taxes $16,263

Amenities

Yes
Rubberized
Finished
Vinyl Siding

Building Details

Year Built 1900
Listing Agency: EXIT REALTY LUCKY ASSOCIATES
Listed By: FATIMA SOLDATI · License #309123
Source: Compass
Added: Mar 17 Changed: Sep 3 Last Checked: Sep 2 at 11:37PM

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 EXIT REALTY LUCKY ASSOCIATES

Investment Insights

Based on property information with market context.

This multifamily property includes 9 bedrooms and 4 full bathrooms, offering a substantial residential layout within a building constructed in 1900. The fully finished basement adds dedicated recreational space, while vinyl siding completes the exterior.

Key Highlights

  • 9 bedrooms and 4 full bathrooms
  • Fully finished basement with recreational space
  • Vinyl siding exterior

Property Analytics

Current Use

Multifamily properties

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

3,615
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Finished basement includes recreational space within this multifamily property.
Where is this multifamily property located?
The property is located at 416 Walnut Street Unit 3 Newark, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 9 bedrooms and 4 full bathrooms; Fully finished basement with recreational space; Vinyl siding exterior
More about this property
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