Triplex with Full
45 Columbia Avenue, Newark, NJ 07106
For Sale
$699,000
Residential Income, Newark, NJ
Property Size2,998 SF
Lot Size0.09 Acres
Price / SF$233.16
Days on Market50
Property Features for 45 Columbia Avenue
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Na''Imah Mcleod
(908) 770-0495
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 9 at 4:06AM
MLS# 2704934R
Copyright © 2026 All Jersey MLS. 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 triplex in Newark contains 2,998 square feet on a 0.0863-acre lot. A full basement provides additional storage and utility space, while a porch adds an exterior feature. The building was constructed in 1915 and has vinyl siding, hot-water baseboard heat, and ceiling fans. Public water and sewer serve the property.
The property is located at 45 Columbia Avenue. On-street parking is available.
The property is located at 45 Columbia Avenue. On-street parking is available.
Key Highlights
- 2,998‑square‑foot triplex on a 0.0863‑acre lot
- Full basement with storage and utility space
- Built in 1915; vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,802
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,040
$1.0M
Cap Rate 7%
$740,029
$740.0K
Cap Rate 9%
$575,578
$575.6K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$79.1K $26.40/SF
− Vacancy
−$5.1K −$1.72/SF
EGI
$74.0K $24.68/SF
− OpEx
−$22.2K −$7.41/SF
NOI
$51.8K $17.28/SF
Area
ZIP 07106
Vacancy
6.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,040
Cap Rate 7%
$740,029
Cap Rate 9%
$575,578
Alternative Uses
Best Use
Multifamily LT 5
$740.0K
$647.5K – $863.4K
NOI $51,802 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$646.9K
$566.1K – $754.8K
NOI $45,286 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,097 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
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Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Newark, NJ
Properties on Market for Triplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A covered porch and basement add useful space to this Newark multifamily property.
Where is this triplex located?
The property is located at 45 Columbia Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,998‑square‑foot triplex on a 0.0863‑acre lot; Full basement with storage and utility space; Built in 1915; vinyl siding
