Residential Income
49 Tillinghast Street Newark, NJ 07108
49 Tillinghast Street, Newark, NJ, 07108
$550,000
For Sale
$550,000
This for-sale triplex offers residential income potential with advance notice required for showings.
Property Size2,500 SF
Price / SF$220
Days on Market157
Property Features for 49 Tillinghast Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 9999
Listing agency
CORNERSTONE REALTY ASSOCIATES
(973) 856-6900
Listed by
AYO AGBEJIMI · License #300569
Source
Compass
Added: Feb 16 Updated: Jul 22 at 11:57PM Checked: Jul 22 at 11:57PM
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 CORNERSTONE REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
This for-sale triplex is offered as a residential income property. The information provided indicates a property size of 2,500 square feet.
A minimum of 24 hours’ notice is required to schedule a showing.
The listing is presented as a residential income opportunity, categorized as a triplex and multifamily property.
A minimum of 24 hours’ notice is required to schedule a showing.
The listing is presented as a residential income opportunity, categorized as a triplex and multifamily property.
Key Highlights
- For‑sale triplex with basement
- Unfinished basement
- Vinyl siding exterior
Local 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 | $63.6k | $25.44 |
| − Vacancy | −$3.1k | −$1.23 |
| EGI | $60.5k | $24.21 |
| − OpEx | −$18.2k | −$7.26 |
| NOI | $42.4k | $16.95 |
2,500 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.2K
$529.6K – $706.1K
NOI $42,365 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$552.5K
$483.5K – $644.6K
NOI $38,676 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$885.8K
$775.1K – $1.03M
NOI $62,005 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - This for-sale triplex offers residential income potential with advance notice required for showings.
Where is this triplex located?
The property is located at 49 Tillinghast Street Newark, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: For‑sale triplex with basement; Unfinished basement; Vinyl siding exterior
