Renovated Triplex with
For Sale
$860,000
63 S 7Th St, Newark, NJ 07107
Multi-Family, 3-Three Story, Newark City, NJ
Property Size3,475 SF
Lot Size0.06 Acres
Price / SF$247.48
Days on Market16
Property Features for 63 S 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 9, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Parking
3
Interior features
Carbon Monoxide Detector, Smoke Detector, Wood Floors
Exterior features
Metal Fence
Fencing
Fenced
Lot features
Level Lot
Directions
South Orange Avenue to South 7th Street. Property on the left, between South Orange Ave and 13th Avenue. GPS friendly.
Standard status
Active
Size
3,475 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7438
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating), Hot Water(Heating)
Water source
Public
Amenities
rec room
sitting area
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
KATHERINE MONCADA-TABORDA · License #1971660
(866) 201-6210
Added: Aug 5
Changed: Aug 19
Last Checked: Aug 20 at 3:06PM
MLS# 4044918
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.
This renovated triplex contains approximately 3,475 square feet across three residential levels, with each floor offering three bedrooms, a living room, and a kitchen. The first and third floors each include one full bath, while the second floor has two. Hardwood flooring and stainless steel appliances are featured throughout the units. A full walkout basement adds a recreation room, sitting area, full bath, and private rear access, bringing the property to five full baths. Separate utilities serve the building.
The property occupies 0.06 acres in Newark’s West Side section. A shared driveway provides access to a detached three-car garage, while the lot is enclosed with fencing and a metal fence. Public water and public sewer serve the property. Schools, public transportation, shopping, and major highways are located nearby, with access to downtown Newark and New York City.
The property occupies 0.06 acres in Newark’s West Side section. A shared driveway provides access to a detached three-car garage, while the lot is enclosed with fencing and a metal fence. Public water and public sewer serve the property. Schools, public transportation, shopping, and major highways are located nearby, with access to downtown Newark and New York City.
Key Highlights
- Approximately 3,475 square feet of living space across a three‑family layout
- Three bedrooms on each residential floor, with five full baths overall
- Full walkout basement with recreation room, sitting area, full bath, and rear access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,186,140
$1.2M
Cap Rate 7%
$847,243
$847.2K
Cap Rate 9%
$658,967
$659.0K
Market Conditions
NOI Build-Up for 3,475 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.7K $25.80/SF
− Vacancy
−$4.9K −$1.42/SF
EGI
$84.7K $24.38/SF
− OpEx
−$25.4K −$7.31/SF
NOI
$59.3K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,186,140
Cap Rate 7%
$847,243
Cap Rate 9%
$658,967
Alternative Uses
Best Use
Multifamily LT 5
$847.2K
$741.3K – $988.5K
NOI $59,307 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$761.0K
$665.9K – $887.8K
NOI $53,269 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,159 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities, a walkout basement, and a detached garage complement the building’s three-family configuration.
Where is this triplex located?
The property is located at 63 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Approximately 3,475 square feet of living space across a three‑family layout; Three bedrooms on each residential floor, with five full baths overall; Full walkout basement with recreation room, sitting area, full bath, and rear access
