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New Construction Three-Family Home
For Sale
$975,000
Pending

678 S 18Th St, Newark, NJ 07103

New construction three-family home with modern amenities and income potential.

Property SizeContact for details
Days on Market137

Property Features for 678 S 18Th St

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $3,927

Building Details

Year Built 2026
Units 3
Listing Agency: Grisela Flores
Listed By: GRISELA FLORES · License #277033
Source: Elliman
Added: Apr 15 Changed: Aug 26 Last Checked: Aug 29 at 8:49AM

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 Grisela Flores

Investment Insights

Based on property information with market context.

This new construction three-family home is currently under construction and expected to be completed by the end of next month. Each unit features 3 bedrooms and 2 full bathrooms, with open-concept living and dining areas. The units include in-unit laundry rooms, walk-in closets in the primary bedrooms, and brand-new appliances. Hardwood flooring is installed throughout, and the bathrooms feature ceramic tile. The second unit includes a private terrace. The property will include separate utilities and offers strong rental income potential. Benefit from a 5-year tax abatement, reducing operating expenses. The property is conveniently located near major highways, public transportation, and local amenities. The location has a walk score of 78, indicating it is very walkable, a transit score of 68, indicating good transit options, and a bike score of 51, indicating it is bikeable.

Key Highlights

  • New construction 3‑family built in 2026.
  • Strong rental income potential with separate utilities for each unit.
  • Enjoy a 5‑year tax abatement.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,414
Businesses Nearby

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - New construction three-family home with modern amenities and income potential.
Where is this triplex located?
The property is located at 678 S 18Th St Newark, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: New construction 3‑family built in 2026.; Strong rental income potential with separate utilities for each unit.; Enjoy a 5‑year tax abatement.
More about this property
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