Three-Story Residential Income
63 S 7Th St, Newark, NJ 07107
For Sale
$819,000
Detached property with natural gas, off-street parking, and a partially finished walk-out basement.
Property Size3,475 SF
Price / SF$235.75
Days on Market97
Property Features for 63 S 7Th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Full, Partially Finished, Walk-Out Access
Shared Driveway, Off Street, Detached
3-Three Story
Building Details
Building Size
Year Built
Stories
Listing Agency:
eXp Realty, LLC
Listed By:
KATHERINE MONCADA-TABORDA · License NJ #1971660
(973) 931-8869
Source:
Evrealestate
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 8 at 6:39AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This detached residential income property was built in 1910 and extends across three stories. Interior features include natural gas service and a full, partially finished basement with walk-out access. The property also includes off-street parking and a shared driveway.
Located at 63 S 7th St in Newark City, the property sits between South Orange Avenue and 13th Avenue, with access from South Orange Avenue to South 7th Street. The property is in Essex County.
Located at 63 S 7th St in Newark City, the property sits between South Orange Avenue and 13th Avenue, with access from South Orange Avenue to South 7th Street. The property is in Essex County.
Key Highlights
- Three‑story detached residential income property
- Built in 1910
- Full, partially finished basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,254
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,080
$1.1M
Cap Rate 7%
$760,771
$760.8K
Cap Rate 9%
$591,711
$591.7K
Market Conditions
NOI Build-Up for 3,474 SF
Gross rent
$102.1K $29.40/SF
− Vacancy
−$5.3K −$1.53/SF
EGI
$96.8K $27.87/SF
− OpEx
−$43.6K −$12.54/SF
NOI
$53.3K $15.33/SF
Area
ZIP 07107
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,080
Cap Rate 7%
$760,771
Cap Rate 9%
$591,711
Alternative Uses
Best Use
Apartment 5plus
$760.8K
$665.7K – $887.6K
NOI $53,254 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,132 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
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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
$353,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - Detached property with natural gas, off-street parking, and a partially finished walk-out basement.
Where is this residential income property located?
The property is located at 63 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Three‑story detached residential income property; Built in 1910; Full, partially finished basement with walk‑out access
