Three-Unit Residential Income
46 Seymour Avenue Newark, NJ 07108
For Sale
$725,000
Three rental units each feature 3 bedrooms and 1 bathroom, with separate utilities and a large backyard.
Property Size1,400 SF
Price / SF$517.86
Days on Market36
Property Features for 46 Seymour Avenue
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 1929
Listing Agency:
HOMESMART FIRST ADVANTAGE
(973) 354-5000
Listed By:
RONALD COLLINS · License #295754
(973) 354-5000
Source:
Compass
Added: Jun 19
Changed: Jul 22
Last Checked: Jul 24 at 2:42PM
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 HOMESMART FIRST ADVANTAGE
Investment Insights
Based on property information with market context.
This three-unit residential income property includes three separate units, and each unit is configured with 3 bedrooms and 1 bathroom. The building also has separate utilities for each unit, and there is a large backyard on site.
The offering is listed for sale and will be delivered vacant at closing. The property is described as located in Newark’s Upper Clinton Hill neighborhood.
All units share the same basic layout and bathroom/bedroom count, which can simplify leasing and property management while maintaining a consistent unit mix.
The offering is listed for sale and will be delivered vacant at closing. The property is described as located in Newark’s Upper Clinton Hill neighborhood.
All units share the same basic layout and bathroom/bedroom count, which can simplify leasing and property management while maintaining a consistent unit mix.
Key Highlights
- Three‑family property built in 1929 in Newark’s Upper Clinton Hill neighborhood
- Each of the three units features 3 bedrooms and 1 bathroom
- Separate utilities provided for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $25.44 |
| − Vacancy | −$1.7k | −$1.23 |
| EGI | $33.9k | $24.21 |
| − OpEx | −$10.2k | −$7.26 |
| NOI | $23.7k | $16.95 |
1,400 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.9K
$296.6K – $395.4K
NOI $23,725 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$309.4K
$270.7K – $361.0K
NOI $21,659 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,723 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three rental units each feature 3 bedrooms and 1 bathroom, with separate utilities and a large backyard.
Where is this triplex located?
The property is located at 46 Seymour Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑family property built in 1929 in Newark’s Upper Clinton Hill neighborhood; Each of the three units features 3 bedrooms and 1 bathroom; Separate utilities provided for each unit
