Finished Duplex with Central
For Sale
$829,900
59 Sunset Ave, Newark, NJ 07106
A fully finished duplex offering two residences with central air, forced air heat, and updated finishes ready for occupancy.
Property Size3,819 SF
Price / SF$217.31
Days on Market95
Property Features for 59 Sunset Ave
General Information
Standard status
Active
Size
3,819 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Stories
3
Listing Agency:
ROSA AGENCY
Listed By:
SHAWN ROSA · License #274328
(973) 751-1000
Source:
Goldstandardrealty
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 2:20PM
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 100% finished duplex is ready for immediate occupancy. The owner’s unit spans the first and second levels with three bedrooms and 2.5 bathrooms, along with a living room, dining room, eat-in kitchen, and a large recreation room behind a 2-car built-in garage. The second unit is located on the third level and includes three bedrooms and two full bathrooms, plus a living room, dining room, and eat-in kitchen.
Interior finishes include premium oak hardwood and ceramic tile flooring throughout, with granite counters in all kitchens and bathrooms. Both kitchens include a four-piece stainless steel appliance package. The home is equipped with central air conditioning and forced air heat on all levels.
The property is eligible for a 5-year property tax abatement, and the floor plan and virtual tour are available in the media section. Located in the Vailsburg section of Newark’s west ward.
Interior finishes include premium oak hardwood and ceramic tile flooring throughout, with granite counters in all kitchens and bathrooms. Both kitchens include a four-piece stainless steel appliance package. The home is equipped with central air conditioning and forced air heat on all levels.
The property is eligible for a 5-year property tax abatement, and the floor plan and virtual tour are available in the media section. Located in the Vailsburg section of Newark’s west ward.
Key Highlights
- Brand‑new 100% finished Aiden‑model duplex, ready for immediate occupancy (Year built: 2026).
- Owner’s unit spans the first and second levels with 3 bedrooms and 2.5 bathrooms plus a recreation room behind the 2‑car built‑in garage.
- Third‑level unit offers 3 bedrooms and 2 full bathrooms with living room, dining room, and eat‑in kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,988
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,760
$1.3M
Cap Rate 7%
$942,686
$942.7K
Cap Rate 9%
$733,200
$733.2K
Market Conditions
NOI Build-Up for 3,819 SF
Gross rent
$100.8K $26.40/SF
− Vacancy
−$6.6K −$1.72/SF
EGI
$94.3K $24.68/SF
− OpEx
−$28.3K −$7.41/SF
NOI
$66.0K $17.28/SF
Area
ZIP 07106
Vacancy
6.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,760
Cap Rate 7%
$942,686
Cap Rate 9%
$733,200
Alternative Uses
Best Use
Multifamily LT 5
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$824.1K
$721.1K – $961.5K
NOI $57,688 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,579 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
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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
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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 - A fully finished duplex offering two residences with central air, forced air heat, and updated finishes ready for occupancy.
Where is this duplex located?
The property is located at 59 Sunset Ave Newark, NJ.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Brand‑new 100% finished Aiden‑model duplex, ready for immediate occupancy (Year built: 2026).; Owner’s unit spans the first and second levels with 3 bedrooms and 2.5 bathrooms plus a recreation room behind the 2‑car built‑in garage.; Third‑level unit offers 3 bedrooms and 2 full bathrooms with living room, dining room, and eat‑in kitchen.
