Triplex with Detached
New
For Sale
$799,000
63 S 7TH ST, Newark, NJ 07107
3-4 Family, Colonial, Multi-Level, Newark, NJ
Property Size3,475 SF
Price / SF$229.93
Days on Market6
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 2, Bedroom 9, Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Basement, Bedroom 4
Directions
11th Ave W and Central Ave
Subdivision
Newark
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
7438
Amenities
hardwood floors
modern kitchens with stainless steel appliances
walkout basement with rec room and sitting area
Building Details
Architectural style
Colonial, 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 15 at 9:06AM
MLS# 260020538
Copyright © 2026 Realty MLS, Inc. 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 residence contains approximately 3,475 square feet, with three bedrooms in each of its residential units. The first floor has a living room, bonus room, kitchen, and full bath; the second-floor unit includes a living room, kitchen, and two full baths; and the third-floor unit has a living room, kitchen, and full bath. Hardwood floors and stainless steel appliances are present throughout. A full walkout basement adds a recreation room, sitting area, and full bath, with private rear access. The property has five full baths overall, separate utilities, and a shared driveway leading to a detached three-car garage.
The home is in Newark’s West Side section, near The Ironbound, schools, public transportation, shopping, and major highways. Downtown Newark and New York City are also accessible from the location. A projected 9.3% cap rate is noted for the property.
The home is in Newark’s West Side section, near The Ironbound, schools, public transportation, shopping, and major highways. Downtown Newark and New York City are also accessible from the location. A projected 9.3% cap rate is noted for the property.
Key Highlights
- Three residential units with nine bedrooms in total
- Approximately 3,475 square feet and five full baths
- Detached three‑car garage reached by 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
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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 feature separate utilities, kitchens with stainless steel appliances, and access to a 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 $799,000.
What are key features of this property?
This property features: Three residential units with nine bedrooms in total; Approximately 3,475 square feet and five full baths; Detached three‑car garage reached by a shared driveway
