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Two-Family Property with Basement
For Sale
$550,000

697 1/2 N 5th St, Newark, NJ 07107

Separate living spaces and an oversized basement provide storage and additional use potential subject to local regulations.

Property SizeContact for details
Days on Market77

Property Features for 697 1/2 N 5th St

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood Upper Roseville
Public Transit Yes

Additional Details

Multifamily Units 2

Building Details

Year Built 1962
Listing Agency: THE THOMPSON REALTY GROUP
Listed By: BRIDGET PAPINO
Source: Goldstandardrealty
Added: Aug 10 Changed: Oct 16 Last Checked: Oct 24 at 6:21PM

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 THE THOMPSON REALTY GROUP

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Investment Insights

Based on property information with market context.

This two-family property contains separate living spaces within a residential income property built in 1962. An oversized basement adds substantial storage capacity and may support additional uses, subject to local regulations.

The property is located at 697 1/2 N 5th St in Newark’s North Ward, with access to public transportation and major highways. Schools, shopping, dining, houses of worship, and Branch Brook Park are also identified in the surrounding area. The configuration provides distinct residential areas within one building and may accommodate an owner-occupant or rental arrangement, consistent with applicable requirements.

Key Highlights

  • Two‑family property with separate living spaces
  • Oversized basement for storage and potential additional use, subject to local regulations
  • Built in 1962

Property Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,459
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate living spaces and an oversized basement provide storage and additional use potential subject to local regulations.
Where is this duplex located?
The property is located at 697 1/2 N 5th St Newark, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family property with separate living spaces; Oversized basement for storage and potential additional use, subject to local regulations; Built in 1962
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