Three-Unit Property with
For Sale
$549,900
455 North 12th Street, Newark, NJ 07107
Triplex with varied unit layouts, a partially finished basement, driveway parking, and substantial renovation needs.
Property Size999 SF
Price / SF$550.45
Days on Market153
Property Features for 455 North 12th Street
General Information
Standard status
Active
Size
999 SF
Property subtype
Multi Family / 3-Three Story
Net Operating Income
$999
Taxes and HOA fees
Annual Taxes
$8,565
Amenities
Yes
Asphalt Shingle
Finished-Partially
Vinyl Siding
Building Details
Year Built
1925
Listing Agency:
RE/MAX SELECT
(973) 739-8008
Listed By:
SILVIO LAVRADOR · License #292513
(973) 739-8008
Source:
Compass
Added: Apr 1
Changed: Aug 29
Last Checked: Aug 29 at 2:14PM
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 RE/MAX SELECT
Investment Insights
Based on property information with market context.
Built in 1925, this three-unit residential property includes a mix of layouts across the building. The first unit has two bedrooms, an eat-in kitchen, full bathroom, living room, and front porch. The second offers three bedrooms, an eat-in kitchen, full bathroom, living room, and porch area. The third includes a living area or bedroom, eat-in kitchen, and full bathroom. Front porch areas in the first two units may offer potential for additional bedroom space, subject to renovation and approvals.
The basement is spacious and partially finished, with a half bathroom. Exterior features include vinyl siding, a long driveway accommodating up to 3-4 cars, and a detached garage providing additional storage. The property requires full renovation and is offered as a cash-buyer opportunity. Schools, shopping, and public transportation are located nearby.
The basement is spacious and partially finished, with a half bathroom. Exterior features include vinyl siding, a long driveway accommodating up to 3-4 cars, and a detached garage providing additional storage. The property requires full renovation and is offered as a cash-buyer opportunity. Schools, shopping, and public transportation are located nearby.
Key Highlights
- Three‑unit property built in 1925
- Unit mix includes two‑bedroom, three‑bedroom, and living area/bedroom layouts
- Spacious partially finished basement with half bath
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
$17,050
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
3.10%
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%
$341,000
$341.0K
Cap Rate 7%
$243,571
$243.6K
Cap Rate 9%
$189,444
$189.4K
Market Conditions
NOI Build-Up for 999 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
$25.8K $25.80/SF
− Vacancy
−$1.4K −$1.42/SF
EGI
$24.4K $24.38/SF
− OpEx
−$7.3K −$7.31/SF
NOI
$17.0K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /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%
$341,000
Cap Rate 7%
$243,571
Cap Rate 9%
$189,444
Alternative Uses
Best Use
Multifamily LT 5
$243.6K
$213.1K – $284.2K
NOI $17,050 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$218.8K
$191.4K – $255.2K
NOI $15,314 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$390.8K
$342.0K – $456.0K
NOI $27,357 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with varied unit layouts, a partially finished basement, driveway parking, and substantial renovation needs.
Where is this triplex located?
The property is located at 455 North 12th Street Newark, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three‑unit property built in 1925; Unit mix includes two‑bedroom, three‑bedroom, and living area/bedroom layouts; Spacious partially finished basement with half bath
