New Construction Duplex with
For Sale
$875,000
585 S 19th St, Newark, NJ 07103
Two-family residential property with separate living areas, modern finishes, and a five-year tax abatement eligibility.
Property Size3,918 SF
Price / SF$223.33
Days on Market51
Property Features for 585 S 19th St
General Information
Standard status
Active
Size
3,918 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
central air conditioning
forced hot air
oak hardwood flooring
ceramic tile in kitchens and baths
rec room
Building Details
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
ROSA AGENCY
Listed By:
SHAWN ROSA · License #274328
(973) 751-1000
Source:
Goldstandardrealty
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 7 at 12:58PM
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 ROSA AGENCY
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Investment Insights
Based on property information with market context.
This two-family residence is under construction with 3,918 square feet of total living space arranged across three levels. The ground floor includes a built-in two-car garage, recreation room, and half bath. Each upper level provides six rooms, three bedrooms, and two full baths, creating a matching layout for the two residences.
Oak hardwood flooring is planned throughout, with ceramic tile specified for the kitchens and bathrooms. Building systems include two central air-conditioning zones and forced hot-air heating. The property is eligible for a five-year tax abatement and is located at 585 S 19th St in Newark City, New Jersey.
Oak hardwood flooring is planned throughout, with ceramic tile specified for the kitchens and bathrooms. Building systems include two central air-conditioning zones and forced hot-air heating. The property is eligible for a five-year tax abatement and is located at 585 S 19th St in Newark City, New Jersey.
Key Highlights
- Two‑family home under construction with 3,918 square feet of living space
- Built‑in 2‑car garage, recreation room, and half bath on the ground level
- Each upper level includes 6 rooms, 3 bedrooms, and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,296
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,920
$1.6M
Cap Rate 7%
$1,118,514
$1.1M
Cap Rate 9%
$869,956
$870.0K
Market Conditions
NOI Build-Up for 3,918 SF
Gross rent
$117.5K $30.00/SF
− Vacancy
−$5.7K −$1.45/SF
EGI
$111.9K $28.55/SF
− OpEx
−$33.6K −$8.56/SF
NOI
$78.3K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,920
Cap Rate 7%
$1,118,514
Cap Rate 9%
$869,956
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.7K – $1.30M
NOI $78,296 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$1.02M
$889.6K – $1.19M
NOI $71,166 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,094 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residential property with separate living areas, modern finishes, and a five-year tax abatement eligibility.
Where is this duplex located?
The property is located at 585 S 19th St Newark, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑family home under construction with 3,918 square feet of living space; Built‑in 2‑car garage, recreation room, and half bath on the ground level; Each upper level includes 6 rooms, 3 bedrooms, and 2 full baths
