Two-Story Duplex with
For Sale
$570,000
422 Jelliff Ave, Newark, NJ 07112
Multi-Family, 2-Two Story, Under/Over, Newark City, NJ
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$228
Days on Market47
Property Features for 422 Jelliff Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 6
Patio and Porch features
Porch
Exterior features
Open Porch(es)
Lot features
Level Lot
Directions
right on jeliff ave
Standard status
Active
Size
2,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7771
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL
(855) 450-0442
Listed By:
JAVAN DISLA
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 4052181
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains approximately 2,500 square feet across two residential units. The first-floor residence includes three bedrooms, one full bathroom, a primary bedroom, kitchen, and living room. The upper unit also provides three bedrooms, along with two full bathrooms, a primary suite with a private bath, and a balcony adjoining the bedroom. An open porch adds exterior space.
Built in 1920, the property sits on a 0.06-acre lot in Newark City. Public water and public sewer serve the building, which has baseboard and hot-water heating, a shingle roof, and a basement. Major highways and public transportation provide connections to New York City and Newark Liberty International Airport.
Built in 1920, the property sits on a 0.06-acre lot in Newark City. Public water and public sewer serve the building, which has baseboard and hot-water heating, a shingle roof, and a basement. Major highways and public transportation provide connections to New York City and Newark Liberty International Airport.
Key Highlights
- Two‑unit duplex with 2,500 square feet of property size
- First‑floor unit includes 3 bedrooms and 1 full bath
- Second‑floor unit offers 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,365
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,300
$847.3K
Cap Rate 7%
$605,214
$605.2K
Cap Rate 9%
$470,722
$470.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$63.6K $25.44/SF
− Vacancy
−$3.1K −$1.23/SF
EGI
$60.5K $24.21/SF
− OpEx
−$18.2K −$7.26/SF
NOI
$42.4K $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%
$847,300
Cap Rate 7%
$605,214
Cap Rate 9%
$470,722
Alternative Uses
Best Use
Multifamily LT 5
$605.2K
$529.6K – $706.1K
NOI $42,365 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$552.5K
$483.5K – $644.6K
NOI $38,676 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$885.8K
$775.1K – $1.03M
NOI $62,005 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer six bedrooms, three full bathrooms, separate living areas, and an open porch.
Where is this duplex located?
The property is located at 422 Jelliff Ave Newark, NJ.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,500 square feet of property size; First‑floor unit includes 3 bedrooms and 1 full bath; Second‑floor unit offers 3 bedrooms and 2 full baths
