2-Unit Duplex with
499 S 19Th St, Newark, NJ 07103
For Sale
New
$639,900
Multi-Family, 2-Two Story, Newark City, NJ
Property Size2,192 SF
Lot Size0.07 Acres
Price / SF$291.93
Days on Market2
Property Features for 499 S 19Th St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Exterior features
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX PROFESSIONALS I · RE/MAX International
(973) 450-4000
Listed By:
JORGE VELASQUEZ · License NJ #259491
(973) 418-0425
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 4064446
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,192-square-foot duplex contains two apartments with distinct bedroom and bath layouts. The first-floor residence has 2 bedrooms and 1 full bath and is occupied. Upstairs, the 3-bedroom, 2-bath apartment is vacant. Each unit has separate utilities, and off-street parking is available. Built in 2002, the property sits on a 0.07-acre lot and has public water, public sewer, and a shingle roof.
The Newark property is described as near major highways, public transportation, shopping, restaurants, and routes used for commuting to New York City.
The Newark property is described as near major highways, public transportation, shopping, restaurants, and routes used for commuting to New York City.
Key Highlights
- Two apartments: first‑floor unit has 2 bedrooms and 1 full bath; upper unit has 3 bedrooms and 2 full baths
- First‑floor apartment is occupied; second‑floor apartment is vacant
- 2,192 square feet on a 0.07‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,804
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,080
$876.1K
Cap Rate 7%
$625,771
$625.8K
Cap Rate 9%
$486,711
$486.7K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$65.8K $30.00/SF
− Vacancy
−$3.2K −$1.45/SF
EGI
$62.6K $28.55/SF
− OpEx
−$18.8K −$8.56/SF
NOI
$43.8K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,080
Cap Rate 7%
$625,771
Cap Rate 9%
$486,711
Alternative Uses
Best Use
Multifamily LT 5
$625.8K
$547.6K – $730.1K
NOI $43,804 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$568.8K
$497.7K – $663.6K
NOI $39,815 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$784.0K
$686.0K – $914.7K
NOI $54,881 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility services and off-street parking serve the apartments.
Where is this duplex located?
The property is located at 499 S 19Th St Newark, NJ.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two apartments: first‑floor unit has 2 bedrooms and 1 full bath; upper unit has 3 bedrooms and 2 full baths; First‑floor apartment is occupied; second‑floor apartment is vacant; 2,192 square feet on a 0.07‑acre lot
