Three-Unit Colonial
For Sale
$499,000
67-69 Parkview Terrace, Newark, NJ 07112
Residential Income, Newark, NJ
Property Size2,961 SF
Lot Size0.11 Acres
Price / SF$168.52
Days on Market366
Property Features for 67-69 Parkview Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Buyer Should Verify
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 2, Bathroom 3, Bathroom 1
Interior features
Unit 1(2 Bedrooms), Unit 2(2 Bedrooms)
Appliances
Water Heater(Gas), Water Heater
Lot features
Corner Lot
Elementary school district
Newark City School District
Middle school district
Newark City School District
High school district
Newark City School District
Standard status
Active
APN
1403698000000001
Size
2,961 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6406
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Amenities
hardwood floors
high ceilings
deep closets
Building Details
Year built
1920
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency:
KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
(732) 549-1998
Listed By:
Theodora Parker Stokely
(732) 549-1998
Added: Aug 29, 2025
Changed: Aug 28
Last Checked: Aug 29 at 8:06PM
MLS# 2703574R
Copyright © 2026 All Jersey MLS. 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 colonial triplex contains 2,961 square feet and dates to 1920. The first and second residences each include two bedrooms, a living room, kitchen, dining room, and full bathroom. The third-floor unit provides one bedroom, a living room, kitchen, and full bathroom. Across the property, the interiors feature hardwood flooring, high ceilings, deep closets, and spacious room layouts. Vinyl siding, gas water heating, electric baseboard heat, wall-unit cooling, public water, and public sewer are also present.
The 0.1082-acre corner lot includes a driveway with capacity for up to 4 cars. The property is near NJ Transit, Rt 22, I-78, the GSP, and Newark International Airport. Newark Beth Hospital, KIPP Seek Academy Charter School, Weequahic Park, shopping, restaurants, and places of worship are also located nearby.
The 0.1082-acre corner lot includes a driveway with capacity for up to 4 cars. The property is near NJ Transit, Rt 22, I-78, the GSP, and Newark International Airport. Newark Beth Hospital, KIPP Seek Academy Charter School, Weequahic Park, shopping, restaurants, and places of worship are also located nearby.
Key Highlights
- Three‑story, three‑unit colonial property with 2,961 square feet
- Unit mix includes two 2‑bedroom residences and one 1‑bedroom residence
- Built in 1920 on a 0.1082‑acre corner lot
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
$45,808
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
9.18%
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%
$916,160
$916.2K
Cap Rate 7%
$654,400
$654.4K
Cap Rate 9%
$508,978
$509.0K
Market Conditions
NOI Build-Up for 2,961 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
$87.8K $29.64/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$83.3K $28.13/SF
− OpEx
−$37.5K −$12.66/SF
NOI
$45.8K $15.47/SF
Area
Newark, NJ
Vacancy
5.10%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
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%
$916,160
Cap Rate 7%
$654,400
Cap Rate 9%
$508,978
Alternative Uses
Best Use
Multifamily LT 5
$716.8K
$627.2K – $836.3K
NOI $50,177 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$654.4K
$572.6K – $763.5K
NOI $45,808 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$1.05M
$918.0K – $1.22M
NOI $73,439 @ 7.0% cap · market cap 14.72%
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
1,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot property with separate residential units and off-street parking.
Where is this triplex located?
The property is located at 67-69 Parkview Terrace Newark, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑story, three‑unit colonial property with 2,961 square feet; Unit mix includes two 2‑bedroom residences and one 1‑bedroom residence; Built in 1920 on a 0.1082‑acre corner lot
