Three-Unit Triplex with
New
For Sale
$799,000
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$229.93
Days on Market4
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 1, Bedroom 8, Bedroom 6, Basement, Bedroom 2, Bedroom 9, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 4, Bathroom 4, Bedroom 10, Bathroom 5, Bathroom 2, Bedroom 5, Bedroom 3
Parking
3
Interior features
Carbon Monoxide Detector, Chandelier, Fire Alarm Sys, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Metal Fence
Fencing
Fenced
Directions
From Garden State Parkway take exit 145 to I-280 east. use GPS
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), Steam, Other (Heating)
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Roof type
Flat
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
KATHERINE MONCADA-TABORDA · License #1971660
(973) 931-8869
Added: Oct 10
Last Checked: Oct 13 at 7:06AM
MLS# 4058191
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-unit residential property contains approximately 3,475 square feet across three stories. Each level has a kitchen and living room; the first and third floors have three bedrooms and one full bath, while the second floor has three bedrooms and two full baths. A full walkout basement adds a recreation room, sitting area, and full bath. Hardwood floors and stainless steel appliances are among the interior features, and utilities are separate.
The 0.06-acre parcel includes a detached three-car garage accessed by a shared driveway. The property is in Newark’s West Side section, near The Ironbound, schools, public transportation, shopping, and major highways, with access to downtown Newark and New York City. Built in 1910, the building has a projected 9.3% cap rate.
The 0.06-acre parcel includes a detached three-car garage accessed by a shared driveway. The property is in Newark’s West Side section, near The Ironbound, schools, public transportation, shopping, and major highways, with access to downtown Newark and New York City. Built in 1910, the building has a projected 9.3% cap rate.
Key Highlights
- Three‑unit property with 3,475 square feet across three stories
- Projected 9.3% cap rate
- Three‑car detached garage with access via a shared driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,307
Cap Rate
7.42%
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 7.42%
Second Best
Apartment 5plus
$761.0K
$665.9K – $887.8K
NOI $53,269 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,159 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
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 - Separate utilities serve the units, and the property includes a detached garage reached by a shared driveway.
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 $799,000.
What are key features of this property?
This property features: Three‑unit property with 3,475 square feet across three stories; Projected 9.3% cap rate; Three‑car detached garage with access via a shared driveway
