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Three-Family Triplex Newly Renovated
For Sale
$575,000

56 Columbia Ave, Newark, NJ 07106

MULTI_FAMILY - Newark City, NJ

Lot Size0.08 Acres
Days on Market9

Property Features for 56 Columbia Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bathroom 1, Bedroom 2, Basement, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
Parking 2
Patio and Porch features Porch
Interior features Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet
Exterior features Enclosed Porch(es), Sidewalk, Storm Door(s)
Lot features Level Lot
Directions Plymouth Street to Columbia Ave
Standard status Active
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2575

Utilities

Utilities Cable Available
Cooling system Ceiling Fan(s)
Water source Public

Building Details

Year built 1910
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: ELITE REALTORS OF NEW JERSEY
Listed By: GLORIA DE CRUISE
Added: Jul 24 Changed: Jul 31 Last Checked: Aug 1 at 1:06AM
MLS# 4043354

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.

Investment Insights

Based on property information with market context.

Three-family triplex newly renovated in 2024. The property features a total of 6 bedrooms and 3 full bathrooms, with separate utilities for each unit. Updates include new floor, 3 new boilers, 3 new hot water tanks, and 3 meters. All units are fully rented. Unit 2 and Unit 3 are month to month, and Unit 1 lease expires at the end of February 2027.

The home was built in 1910 and includes features such as enclosed porches, a porch, sidewalk, and storm doors. Interior amenities include high ceilings, walk-in closets, ceiling fans, and safety items including smoke detectors and fire extinguishers. Water is public and cable is available.

The estate sale includes inspection limited to structural, environmental, and mechanical issues. Buyer is to verify property taxes with the City of Newark.

Key Highlights

  • Newly renovated in 2024 three‑family triplex
  • Total 6 bedrooms and 3 full bathrooms
  • Separate utilities with 3 new boilers, 3 new hot water tanks, and 3 meters

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage (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.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,231
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-family triplex newly renovated in 2024 with separate utilities, new boilers, and fully rented units.
Where is this triplex located?
The property is located at 56 Columbia Ave Newark, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Newly renovated in 2024 three‑family triplex; Total 6 bedrooms and 3 full bathrooms; Separate utilities with 3 new boilers, 3 new hot water tanks, and 3 meters
More about this property
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