Two-Unit Corner Lot
50 9Th Ave Newark, NJ 07107
New
For Sale
$720,000
MULTI_FAMILY - Newark City, NJ
Property Size3,168 SF
Lot Size0.07 Acres
Price / SF$227.27
Days on Market2
Property Features for 50 9Th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Basement, Bedroom 6, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3
- Parking
- 4
- 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
(908) 688-3311
Listed By:
CARLOS ROBLES
(973) 809-7045
Added: Jul 24
Last Checked: Jul 25 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This two-unit duplex is well maintained and arranged with a bright, airy layout in each unit. The property sits on a spacious 60x50 corner lot and includes a two-car garage with secure parking, supporting everyday convenience for residents.
The duplex is located at 50 9Th Ave in Newark City, NJ 07107-1520, in Essex County. It is being offered for sale as a residential income property generating rental income.
With two separate units and on-site parking and garage space, the property offers a practical setup for buyers looking for a straightforward multifamily investment within a duplex format.
The duplex is located at 50 9Th Ave in Newark City, NJ 07107-1520, in Essex County. It is being offered for sale as a residential income property generating rental income.
With two separate units and on-site parking and garage space, the property offers a practical setup for buyers looking for a straightforward multifamily investment within a duplex format.
Key Highlights
- 2‑unit home on a 60x50 corner lot
- Year built 1857
- Hot water (heating) with radiant heat
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 | $81.7k | $25.80 |
| − Vacancy | −$4.5k | −$1.42 |
| EGI | $77.2k | $24.38 |
| − OpEx | −$23.2k | −$7.31 |
| NOI | $54.1k | $17.07 |
3,168 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blackgirlmagiktrinkets
Home Decor Store
FAQs
What type of property is this?
Duplex - Well-maintained 2-unit duplex on a 60x50 corner lot with a two-car garage and secure parking.
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: 2‑unit home on a 60x50 corner lot; Year built 1857; Hot water (heating) with radiant heat
