Two-Family Residential Income
542 South 18th Street Newark, NJ 07103
542 South 18th Street, Newark, NJ, 07103
$529,999
For Sale
$529,999
Duplex with two 3-bedroom, 1-bath units, including a tenant-occupied first floor and vacant second floor.
Property Size1,800 SF
Price / SF$294.44
Days on Market34
Property Features for 542 South 18th Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
REALTY ONE GROUP LIVING
(201) 636-2280
Listed by
EVA TINEO · License #296492
(201) 636-2280
Source
Compass
Added: Jun 19 Updated: Jul 22 at 4:27AM Checked: Jul 22 at 4:27AM
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 REALTY ONE GROUP LIVING
Investment Insights
Based on property information with market context.
Two-family residential income property with two units, each featuring 3 bedrooms and 1 full bathroom. The first-floor unit is tenant occupied, and the second-floor unit is vacant, offering flexibility for an owner-occupant or rental strategy. An unfinished basement provides additional storage and may offer future potential, subject to municipal approvals. The property is being sold strictly AS IS, and the buyer is responsible for obtaining the Certificate of Occupancy (CO), completing any required municipal inspections, and addressing any lender-required repairs, if applicable.
The property is described as conveniently located near public transportation, schools, parks, shopping, and major highways.
The property is described as conveniently located near public transportation, schools, parks, shopping, and major highways.
Key Highlights
- Two‑family duplex with two 3‑bedroom, 1‑bath units
- First‑floor unit is tenant occupied; second‑floor unit is vacant
- Unfinished basement for storage (basement present)
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 | $54.0k | $30.00 |
| − Vacancy | −$2.6k | −$1.45 |
| EGI | $51.4k | $28.55 |
| − OpEx | −$15.4k | −$8.56 |
| NOI | $36.0k | $19.98 |
1,800 SF · lease $30.00/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$513.9K
$449.6K – $599.5K
NOI $35,970 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$467.1K
$408.7K – $544.9K
NOI $32,695 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$643.8K
$563.3K – $751.1K
NOI $45,066 @ 7.0% cap · market cap 8.50%
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 - Duplex with two 3-bedroom, 1-bath units, including a tenant-occupied first floor and vacant second floor.
Where is this duplex located?
The property is located at 542 South 18th Street Newark, NJ.
What is the asking price?
The asking price for this property is $529,999.
What are key features of this property?
This property features: Two‑family duplex with two 3‑bedroom, 1‑bath units; First‑floor unit is tenant occupied; second‑floor unit is vacant; Unfinished basement for storage (basement present)
