Duplex with Deck and
For Sale
$499,000
Pending
45 Ogden St, Newark, NJ 07104
MULTI_FAMILY - Newark City, NJ
Property Size1,936 SF
Lot Size0.06 Acres
Days on Market99
Property Features for 45 Ogden St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3
Patio and Porch features
Deck, Patio
Interior features
Blinds, Carbon Monoxide Detector, Drapes, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Curbs, Deck, Patio
Directions
google maps
Standard status
Pending
Size
1,936 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5026
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1897
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
STAR REAL ESTATE AGENCY
(201) 997-7900
Listed By:
RACHEL DEANNA MILITO · License #299046
(201) 321-3220
Added: May 5
Changed: Aug 2
Last Checked: Aug 11 at 8:06AM
MLS# 4025523
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.
Duplex two-family home configured as a top and bottom 2 family layout with separate living areas. Unit 1 features an eat-in kitchen, living space, two bedrooms, a bath, and backdoor access to the backyard. Unit 2 features an eat-in kitchen, dining, living, two bedrooms, a bath, and a back foyer leading to a backyard exit. The full basement is unfinished and includes washer/dryer hookups, utilities, and a garage entrance.
Exterior features include a deck and patio, plus a one-car garage. The home has central A/C and forced hot air, with hardwood floors and tiling throughout. Windows were updated around 2010, and the A/C, furnace, and kitchens were also completed around 2010. Tenant pays gas/electric, and the owner pays water/sewer. Public water and public sewer are in place.
Built in 1897 on a 0.06-acre lot, this property has a shingle roof and includes updated safety devices and interior finishes such as tile, vinyl-linoleum, and wood flooring. Located at 45 Ogden St in Newark City, NJ (Essex County), it overlooks the Passaic River.
Exterior features include a deck and patio, plus a one-car garage. The home has central A/C and forced hot air, with hardwood floors and tiling throughout. Windows were updated around 2010, and the A/C, furnace, and kitchens were also completed around 2010. Tenant pays gas/electric, and the owner pays water/sewer. Public water and public sewer are in place.
Built in 1897 on a 0.06-acre lot, this property has a shingle roof and includes updated safety devices and interior finishes such as tile, vinyl-linoleum, and wood flooring. Located at 45 Ogden St in Newark City, NJ (Essex County), it overlooks the Passaic River.
Key Highlights
- 0.06‑acre lot with a 1,936‑square‑foot duplex building
- Top‑and‑bottom 2 family layout with separate backyard access from both units
- Central A/C and forced hot air; full unfinished basement with washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,962
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,240
$659.2K
Cap Rate 7%
$470,886
$470.9K
Cap Rate 9%
$366,244
$366.2K
Market Conditions
NOI Build-Up for 1,936 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.5K $25.56/SF
− Vacancy
−$2.4K −$1.24/SF
EGI
$47.1K $24.32/SF
− OpEx
−$14.1K −$7.30/SF
NOI
$33.0K $17.03/SF
Area
ZIP 07104
Vacancy
4.84%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,240
Cap Rate 7%
$470,886
Cap Rate 9%
$366,244
Alternative Uses
Best Use
Multifamily LT 5
$470.9K
$412.0K – $549.4K
NOI $32,962 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$433.1K
$378.9K – $505.3K
NOI $30,315 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
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 - Top-and-bottom two-family duplex with central air, forced hot air, hardwood/tile floors, and updated windows around 2010.
Where is this duplex located?
The property is located at 45 Ogden St Newark, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 0.06‑acre lot with a 1,936‑square‑foot duplex building; Top‑and‑bottom 2 family layout with separate backyard access from both units; Central A/C and forced hot air; full unfinished basement with washer/dryer hookups
