Triplex with Detached
For Sale
$819,000
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$235.68
Days on Market63
Property Features for 63 S 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 10, Basement, Bathroom 2, Bedroom 8, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 7
Parking
3
Interior features
Carbon Monoxide Detector, Smoke Detector, Wood Floors
Exterior features
Metal Fence
Fencing
Fenced
Lot features
Level Lot
Directions
Central Ave to S 7th St. House on right, before 11th Ave. 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
Hot Water(Heating), Other (Heating), Steam
Water source
Public
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
(973) 931-8869
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 6 at 2:06PM
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 three-story triplex contains 3,475 square feet on a 0.06-acre parcel and was built in 1910. The three units each have a kitchen and living room, with hardwood floors and stainless steel appliances. Five full bathrooms serve the property, which also includes a finished-use basement area with a rear entrance. Separate utilities serve the units.
A shared driveway leads to a detached three-car garage. The property is at 63 S 7th St in Newark, near the Ironbound section, schools, public transportation, shopping and major highways. Downtown Newark and New York City are also noted as accessible from the property.
A shared driveway leads to a detached three-car garage. The property is at 63 S 7th St in Newark, near the Ironbound section, schools, public transportation, shopping and major highways. Downtown Newark and New York City are also noted as accessible from the property.
Key Highlights
- Three‑story, three‑unit residential property
- 3,475 square feet on a 0.06‑acre lot
- Detached three‑car garage accessed by a shared driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,307
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
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
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 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 7.24%
Second Best
Apartment 5plus
$761.0K
$665.9K – $887.8K
NOI $53,269 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,159 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units have separate utilities, and a shared driveway serves the detached garage.
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 $819,000.
What are key features of this property?
This property features: Three‑story, three‑unit residential property; 3,475 square feet on a 0.06‑acre lot; Detached three‑car garage accessed by a shared driveway
