Building Details

Year Built 2027

Listing Agency: Re/Max Platinum Group Show Phone

Listed By: Lynn Garafola, Team Leader Show Phone

Source: Teamnestbuilder

Added: Sep 5 Last Checked: Sep 5 at 6:36AM

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Investment Insights

Based on property information with market context.

Scheduled for completion in summer 2027, this planned triplex is arranged across three levels with nine bedrooms and five bathrooms. The ground floor includes a two-bedroom, one-bath apartment along with a two-car garage. The upper levels follow a similar apartment configuration, with the third floor adding an additional bedroom or office space.

Key Highlights

• Triplex planned for completion in summer 2027
• Nine bedrooms and five bathrooms
• Three‑level layout with apartment spaces on each floor

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,126

Businesses Nearby

Explore this area Business Placement

Demographics for 07106, NJ

34,596

Population

13,633

Households

2.5

Avg Household Size

35

Median Age

18%

College-Educated

85%

High-School Grad

1.4 sq mi

ZIP Area

24,711

Density / Sq Mi

$48,105

Median Household Income

$34,820

Median Earnings

$1,221

Median Rent

$321,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Planned multifamily property with separate apartment layouts across three levels and a ground-floor two-car garage.

Where is this triplex located?

The property is located at 551-553 Sand Ford Ave Newark, NJ.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Triplex planned for completion in summer 2027; Nine bedrooms and five bathrooms; Three‑level layout with apartment spaces on each floor