New 2-Family Residential Income
For Sale
$889,000
Pending
520 S 19Th St, Newark, NJ 07103
Newly constructed duplex with garage parking, separate entry space, and two upper units each with 3 bedrooms.
Property Size3,870 SF
Days on Market31
Property Features for 520 S 19Th St
General Information
Standard status
Pending
Size
3,870 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,251
Building Details
Year Built
2026
Stories
3
Units
2
Listing Agency:
EXIT REALTY LUCKY ASSOCIATES
(973) 817-7700
Listed By:
PATRICK DWYER · License #293621
Source:
Elliman
Added: Jul 14
Changed: Aug 8
Last Checked: Aug 12 at 10:04AM
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 EXIT REALTY LUCKY ASSOCIATES
Investment Insights
Based on property information with market context.
Newly constructed 2-family home offering a modern, open-concept layout across the upper levels and flexible ground-level space. The ground level includes garage parking for one car, approximately 1,220 sq ft of finished space, a half bathroom, and a separate entrance for adaptable use.
Each of the two upper floors provides approximately 1,325 sq ft with an open-concept design that includes a spacious living room, dining area, and modern kitchen. Both units feature three bedrooms, two full bathrooms, and in-unit washer and dryer hookup convenience.
Additional ownership features include eligibility for a 5-year tax abatement and a 10-year home warranty. The property is described as conveniently located near major transportation, schools, shopping, and local amenities.
Each of the two upper floors provides approximately 1,325 sq ft with an open-concept design that includes a spacious living room, dining area, and modern kitchen. Both units feature three bedrooms, two full bathrooms, and in-unit washer and dryer hookup convenience.
Additional ownership features include eligibility for a 5-year tax abatement and a 10-year home warranty. The property is described as conveniently located near major transportation, schools, shopping, and local amenities.
Key Highlights
- Newly built 2‑family (duplex) home built in 2026
- Garage parking for 1 car plus a separate entrance to a ground‑level 1,220 sq ft finished space with a half bath
- Two upper floors with approximately 1,325 sq ft each, each designed with open‑concept living, dining, and a modern kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,546,740
$1.5M
Cap Rate 7%
$1,104,814
$1.1M
Cap Rate 9%
$859,300
$859.3K
Market Conditions
NOI Build-Up for 3,870 SF
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.
Gross rent
$116.1K $30.00/SF
− Vacancy
−$5.6K −$1.45/SF
EGI
$110.5K $28.55/SF
− OpEx
−$33.1K −$8.56/SF
NOI
$77.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,546,740
Cap Rate 7%
$1,104,814
Cap Rate 9%
$859,300
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$966.7K – $1.29M
NOI $77,337 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$1.00M
$878.7K – $1.17M
NOI $70,294 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,892 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,240
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly constructed duplex with garage parking, separate entry space, and two upper units each with 3 bedrooms.
Where is this duplex located?
The property is located at 520 S 19Th St Newark, NJ.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Newly built 2‑family (duplex) home built in 2026; Garage parking for 1 car plus a separate entrance to a ground‑level 1,220 sq ft finished space with a half bath; Two upper floors with approximately 1,325 sq ft each, each designed with open‑concept living, dining, and a modern kitchen
