Two-Family Home Under
522 South 19th Street Newark, NJ 07103
For Sale
$889,000
Newly built two-family residence with garage parking, separate entrance on the ground level, and two upper units in progress.
Property Size1,336 SF
Price / SF$665.42
Days on Market132
Property Features for 522 South 19th Street
General Information
- Standard status
- Active
- Size
- 1,336 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 2026
Listing Agency:
EXIT REALTY LUCKY ASSOCIATES
(973) 817-7700
Listed By:
PATRICK DWYER · License #293621
(973) 817-7700
Source:
Compass
Added: Mar 15
Changed: Jul 23
Last Checked: Jul 23 at 10:11AM
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.
This new construction two-family home is currently under construction with an anticipated completion date of July 2026. The ground level includes garage parking for one car and approximately 1,220 square feet of finished space, with a half bathroom and a separate entrance designed to support flexible use. The upper units will each offer an open concept living room, dining room, and kitchen, along with three bedrooms, two full bathrooms, and in-unit washer and dryer hookups.
The property also includes a five-year tax abatement qualification and a 10-year homeowner warranty. It is one of six new construction homes planned for development.
The property also includes a five-year tax abatement qualification and a 10-year homeowner warranty. It is one of six new construction homes planned for development.
Key Highlights
- Under construction new two‑family home, anticipated completion July 2026
- Ground level includes garage parking for 1 car, about 1,220 sq ft finished space, and a half bath with separate entrance
- Each upper unit offers about 1,325 sq ft with open concept living, dining, and kitchen, plus 3 bedrooms and 2 full bathrooms
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 | $40.1k | $30.00 |
| − Vacancy | −$1.9k | −$1.45 |
| EGI | $38.1k | $28.55 |
| − OpEx | −$11.4k | −$8.56 |
| NOI | $26.7k | $19.98 |
1,336 SF · lease $30.00/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.4K
$333.7K – $445.0K
NOI $26,698 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$477.8K
$418.1K – $557.5K
NOI $33,449 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built two-family residence with garage parking, separate entrance on the ground level, and two upper units in progress.
Where is this duplex located?
The property is located at 522 South 19th Street 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: Under construction new two‑family home, anticipated completion July 2026; Ground level includes garage parking for 1 car, about 1,220 sq ft finished space, and a half bath with separate entrance; Each upper unit offers about 1,325 sq ft with open concept living, dining, and kitchen, plus 3 bedrooms and 2 full bathrooms
