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Triplex with Finished Basement
For Sale
$650,000

42 Seymour Avenue, Newark, NJ 07108

Three spacious residences offer bonus rooms, eat-in kitchens, hardwood flooring, and flexible basement space.

Property Size9,999 SF
Price / SF$65.01
Days on Market202

Property Features for 42 Seymour Avenue

General Information

Standard status Active
Size 9,999 SF
Property subtype Multi Family / 3-Three Story
Net Operating Income $9,999

Taxes and HOA fees

Annual Taxes $5,213

Amenities

Yes
Asphalt Shingle
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Finished, Full, Walkout
Vinyl Siding

Building Details

Year Built 9999
Listing Agency: EXIT PLATINUM REALTY
Listed By: ERICA CAMPBELL · License #268305
Source: Compass
Added: Feb 9 Changed: Aug 29 Last Checked: Aug 29 at 5:26PM

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 PLATINUM REALTY

Investment Insights

Based on property information with market context.

This triplex at 42 Seymour Avenue includes three residences, each with three bedrooms. The second- and third-floor units also have bonus rooms, while the full finished basement provides a bathroom and additional rooms for recreation, storage, or other flexible uses. Each level features a generously sized eat-in kitchen with pantry and substantial closet storage. Hardwood flooring extends throughout the home, and the property is served by three furnaces. The basement has electric baseboard heat.

Roof and gutter replacement was completed in July 2025. The finished basement includes a full bath and walkout access. Two units will be delivered vacant, providing immediate flexibility for occupancy or leasing. The property is near NJT bus lines and Newark Beth Israel Hospital, with Newark International Airport approximately 10 minutes away.

Key Highlights

  • Three‑unit property with 3 bedrooms in each residence
  • Bonus rooms included on the 2nd and 3rd floors
  • Full finished basement with full bath, additional rooms, and walkout access

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop

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

1,260
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
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?
Triplex - Three spacious residences offer bonus rooms, eat-in kitchens, hardwood flooring, and flexible basement space.
Where is this triplex located?
The property is located at 42 Seymour Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit property with 3 bedrooms in each residence; Bonus rooms included on the 2nd and 3rd floors; Full finished basement with full bath, additional rooms, and walkout access
More about this property
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