Building Details

Year Built 1900

Listing Agency: Middlesex

Listed By: Aneesah Jackson Show Phone

Source: Kw

Added: Jan 23 Changed: Oct 15 Last Checked: Oct 14 at 8:27PM

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Investment Insights

Based on property information with market context.

Located in Newark City, this multifamily property is available for rent. The property is suitable for residential income purposes.

Key Highlights

• Multifamily property - potential for rental income
• Gas range/oven included
• Refrigerator included

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Real Estate Agency Computer & Electronic Repair Carpet & Flooring Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,419

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property available for rent in Newark City.

Where is this multifamily property located?

The property is located at 5 N 7Th St Newark Newark, NJ.

What is the lease rate?

The lease rate is $2,100/Mo.

What are key features of this property?

This property features: Multifamily property - potential for rental income; Gas range/oven included; Refrigerator included