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Three-Family Residential Income
For Sale
$949,000

580 3rd St, Newark, NJ 07107

Well-maintained three-family home with in-unit laundry, two full baths per unit, a two-car garage, and a large backyard.

Property SizeContact for details
Days on Market55

Property Features for 580 3rd St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family Home

Additional Details

Business Included Yes
Multifamily Units 3

Building Details

Year Built 1990
Units 3
Tenancy Multi
Listing Agency: Weichert Home City Realty
Listed By: Augusto Verissimo · License #233455
Source: Betterhomerealestate
Added: Jul 17 Changed: Sep 8 Last Checked: Aug 25 at 9:09AM

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 Weichert Home City Realty

Investment Insights

Based on property information with market context.

This well-maintained three-family residence offers separate, spacious apartments with a kitchen, bright living/dining area, three bedrooms, two full bathrooms, and an in-unit laundry room. The exterior features a brick and stucco front with low-maintenance vinyl siding. Additional improvements include a two-car garage and a large backyard.

The property is located in Newark’s Upper Roseville area and is conveniently positioned near shopping and dining along Bloomfield Avenue. It is also described as being only a half block from Branch Brook Park and the Bloomfield Avenue Light Rail Station.

This is a practical income property configuration for buyers seeking a three-unit multifamily building with dedicated in-unit laundry and ample outdoor and parking space.

Key Highlights

  • Well‑maintained three‑family home built in 1990
  • Each unit features a kitchen, bright living/dining room, 3 bedrooms, and 2 full bathrooms
  • In‑unit laundry in every apartment

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Veterinary Clinic Tattoo & Piercing Shop Clothing & Fashion Store

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

3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,337
Businesses Nearby

Demographics for 07107, NJ

41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained three-family home with in-unit laundry, two full baths per unit, a two-car garage, and a large backyard.
Where is this triplex located?
The property is located at 580 3rd St Newark, NJ.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Well‑maintained three‑family home built in 1990; Each unit features a kitchen, bright living/dining room, 3 bedrooms, and 2 full bathrooms; In‑unit laundry in every apartment
More about this property
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