Residential Income
New
For Sale
$325,000
54 Yancy Dr, Newark, NJ 07103
Residential, Duplex, Multi Floor Unit, Townhouse-Interior, Newark City, NJ
Property Size1,048 SF
Price / SF$310.11
Days on Market6
Property Features for 54 Yancy Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Residential
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Parking
1
Exterior features
Curbs, Sidewalk, Tennis Courts, Thermal Windows/Doors
Appliances
Carbon Monoxide Detector, Range/Oven-Gas
Subdivision
Society Hill
Elementary school
CAMDEN ST
Middle school
SCIENCE
High school
SCIENCE
Directions
Left on Warren Street, Right on Cornerstone Lane, Left on Churchman Street, Right on Yancy Drive.
Standard status
Active
Size
1,048 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4394
HOA Fee
$484 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1991
Flooring type
Carpet
Roof type
Shingle
Architectural style
Other
Additional Structures
Tennis Court(s)
Listing Agency:
RE/MAX SELECT · RE/MAX International
(973) 575-6005
Listed By:
KAREN DINKINS
(973) 539-6300
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 24 at 2:06PM
MLS# 4059744
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.
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Investment Insights
Based on property information with market context.
This 1,048-square-foot residential income property was built in 1991 and has two bedrooms and one bathroom. Interior finishes include carpet, with a gas range and shingle roofing. Public water and sewer serve the residence, and cable is available.
The property is identified as a Mount Laurel unit, and the contract requires state approval. Exterior features include sidewalks, curbs, tennis courts, and thermal windows and doors.
The property is identified as a Mount Laurel unit, and the contract requires state approval. Exterior features include sidewalks, curbs, tennis courts, and thermal windows and doors.
Key Highlights
- 1,048 square feet with two bedrooms and one bathroom
- Built in 1991
- Mount Laurel unit; contract requires state approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,036
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,720
$380.7K
Cap Rate 7%
$271,943
$271.9K
Cap Rate 9%
$211,511
$211.5K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$36.5K $34.80/SF
− Vacancy
−$1.9K −$1.77/SF
EGI
$34.6K $33.03/SF
− OpEx
−$15.6K −$14.86/SF
NOI
$19.0K $18.16/SF
Area
ZIP 07103
Vacancy
5.10%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,720
Cap Rate 7%
$271,943
Cap Rate 9%
$211,511
Alternative Uses
Best Use
Apartment 5plus
$271.9K
$238.0K – $317.3K
NOI $19,036 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$374.8K
$328.0K – $437.3K
NOI $26,239 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
4,085
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence is served by public water and sewer.
Where is this residential income property located?
The property is located at 54 Yancy Dr Newark, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,048 square feet with two bedrooms and one bathroom; Built in 1991; Mount Laurel unit; contract requires state approval
