Three-Bedroom
479 N 6th St # 3, Newark, NJ 07107
For Sale
New
Contact for pricing
The third-floor residence includes a kitchen with stainless steel appliances and two full bathrooms.
Property Size800 SF
Price / SF$2.69
Days on Market2
Property Features for 479 N 6th St # 3
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
Tile,Wood
Electric,Gas-Natural
Third
3 Bedrooms,Bath(s) Other,Kitchen,Living Room
3
Bathroom
City/Town Street
Public Water
25X100
0.06
Building Details
Year Built
Listing Agency:
DELTA PROPERTIES USA, LLC
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:13AM
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 DELTA PROPERTIES USA, LLC
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Investment Insights
Based on property information with market context.
Located at 479 N 6th St, Apt 3, this 800-square-foot apartment sits on the third floor and has three bedrooms and two full bathrooms. Interior features include wood flooring, recessed lights, and tile-finished bathrooms, one with a tub-and-shower combination and the other with an enclosed shower.
The kitchen is fitted with gray cabinets, light-colored counters, a tile backsplash, a refrigerator, a gas range, and a microwave. Street parking is the stated parking arrangement. The building dates to 1910.
The kitchen is fitted with gray cabinets, light-colored counters, a tile backsplash, a refrigerator, a gas range, and a microwave. Street parking is the stated parking arrangement. The building dates to 1910.
Key Highlights
- 800‑square‑foot, third‑floor apartment
- Three bedrooms and two full bathrooms
- Kitchen includes a refrigerator, gas range, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,263
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,260
$245.3K
Cap Rate 7%
$175,186
$175.2K
Cap Rate 9%
$136,256
$136.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$23.5K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.3K $27.87/SF
− OpEx
−$10.0K −$12.54/SF
NOI
$12.3K $15.33/SF
Area
ZIP 07107
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,260
Cap Rate 7%
$175,186
Cap Rate 9%
$136,256
Alternative Uses
Best Use
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,263 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.0K
$273.8K – $365.1K
NOI $21,907 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
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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
$353,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - The third-floor residence includes a kitchen with stainless steel appliances and two full bathrooms.
Where is this residential income property located?
The property is located at 479 N 6th St # 3 Newark, NJ.
What are key features of this property?
This property features: 800‑square‑foot, third‑floor apartment; Three bedrooms and two full bathrooms; Kitchen includes a refrigerator, gas range, and microwave
