Two-Unit Duplex with
For Sale
$720,000
50 9Th Ave, Newark, NJ 07107
Multi-Family, 2-Two Story, Newark City, NJ
Property Size3,168 SF
Lot Size0.07 Acres
Price / SF$227.27
Days on Market93
Property Features for 50 9Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 3, Bathroom 5, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 5
Parking
4
Directions
South 11 St and 9 th Ave
Standard status
Active
Size
3,168 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8569
Utilities
Heating system
Hot Water(Heating), Radiant
Water source
Public
Building Details
Year built
1857
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
CENTURY 21 PREFERRED REALTY, INC · Century 21 Real Estate
(908) 688-3311
Listed By:
CARLOS ROBLES
(973) 809-7045
Added: Jul 24
Changed: Oct 21
Last Checked: Oct 24 at 2:06PM
MLS# 4042897
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 duplex contains two residential units within 3,168 square feet on a 0.07-acre corner lot measuring 60x50. The property includes six bedrooms, five bathrooms, a basement, a two-car garage, and secure parking. Heating is provided by hot water and radiant systems, with public water service and a shingle roof.
Built in 1857, the property offers a two-unit configuration with room for residential income use. Its corner-lot placement and on-site parking add practical functionality, while the individual unit layouts provide separate living arrangements within the building.
Built in 1857, the property offers a two-unit configuration with room for residential income use. Its corner-lot placement and on-site parking add practical functionality, while the individual unit layouts provide separate living arrangements within the building.
Key Highlights
- Two‑unit duplex configuration
- 3,168 square feet on a 0.07‑acre corner lot
- 60x50 lot dimensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,067
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,340
$1.1M
Cap Rate 7%
$772,386
$772.4K
Cap Rate 9%
$600,744
$600.7K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$81.7K $25.80/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$77.2K $24.38/SF
− OpEx
−$23.2K −$7.31/SF
NOI
$54.1K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,340
Cap Rate 7%
$772,386
Cap Rate 9%
$600,744
Alternative Uses
Best Use
Multifamily LT 5
$772.4K
$675.8K – $901.1K
NOI $54,067 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$693.8K
$607.0K – $809.4K
NOI $48,563 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,753 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,364
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a two-car garage, secure parking, and separate bright, airy layouts.
Where is this duplex located?
The property is located at 50 9Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 3,168 square feet on a 0.07‑acre corner lot; 60x50 lot dimensions
