Three-Family Residential
468 South 18th Street Unit 3 Newark, NJ 07103
For Sale
$350,000
Three-family property offered strictly as-is, requiring extensive renovation and subject to third-party approval.
Property Size1,100 SF
Price / SF$318.18
Days on Market15
Property Features for 468 South 18th Street Unit 3
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 1907
Listing Agency:
REALTY ONE GROUP SUNRISE
(201) 265-7000
Listed By:
JULISSA ZIMMERMAN · License #403444
(201) 265-7000
Source:
Compass
Added: Jul 10
Changed: Jul 22
Last Checked: Jul 23 at 10:58AM
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 REALTY ONE GROUP SUNRISE
Investment Insights
Based on property information with market context.
This three-family residential income property is being marketed as an investor/contractor opportunity and is in need of extensive renovation. The sale is offered strictly as-is, where-is, with the buyer responsible for all due diligence, inspections, certifications, permits, and municipal requirements. Purchase terms are also subject to third-party approval.
The offering includes Unit 3 at 468 South 18th Street. Prospective buyers should independently verify legal use, unit count, zoning, and all property information as part of their due diligence.
The offering includes Unit 3 at 468 South 18th Street. Prospective buyers should independently verify legal use, unit count, zoning, and all property information as part of their due diligence.
Key Highlights
- Three‑family property offered strictly as‑is, where‑is
- In need of extensive renovation and subject to third‑party approval
- Year built: 1907
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 | $33.0k | $30.00 |
| − Vacancy | −$1.6k | −$1.45 |
| EGI | $31.4k | $28.55 |
| − OpEx | −$9.4k | −$8.56 |
| NOI | $22.0k | $19.98 |
1,100 SF · lease $30.00/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.0K
$274.8K – $366.4K
NOI $21,982 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$285.4K
$249.8K – $333.0K
NOI $19,980 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 7.87%
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-family property offered strictly as-is, requiring extensive renovation and subject to third-party approval.
Where is this triplex located?
The property is located at 468 South 18th Street Unit 3 Newark, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑family property offered strictly as‑is, where‑is; In need of extensive renovation and subject to third‑party approval; Year built: 1907
