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 Market102
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
Listed By:
PATRICK DWYER · License #293621
(973) 344-1000
Source:
Elliman
Added: Jul 14
Changed: Oct 11
Last Checked: Oct 20 at 8:17PM
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
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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 / Yr
$77,337
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,269
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
