New 2-Family Residential Income
520 S 19Th St Newark, NJ 07103
New
520 S 19Th St, Newark, NJ, 07103
$889,000
For Sale
$889,000
Newly constructed duplex with garage parking, separate entry space, and two upper units each with 3 bedrooms.
Property Size3,870 SF
Price / SF$229.72
Days on Market3
Property Features for 520 S 19Th St
General Information
- Standard status
- Active
- Size
- 3,870 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2026
Listing Agency
EXIT REALTY LUCKY ASSOCIATES
(973) 817-7700
Listed by
PATRICK DWYER
Source
Elliman
Added: Jul 14 Checked: Jul 16 at 10:42 am
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
Local 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 | $116.1k | $30.00 |
| − Vacancy | −$5.6k | −$1.45 |
| EGI | $110.5k | $28.55 |
| − OpEx | −$33.1k | −$8.56 |
| NOI | $77.3k | $19.98 |
3,870 SF · lease $30.00/SF/yr · vacancy 4.84% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
