Tenant-Occupied
For Sale
$1,099,000
7-9 Patten Pl, Newark, NJ 07112
Tenant-occupied multifamily property with updated interiors, separate utilities, and on-site parking.
Property SizeContact for details
Days on Market76
Property Features for 7-9 Patten Pl
General Information
Standard status
Active
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Upper Clinton Hill
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Listing Agency:
NATIONWIDE HOMES REALTY LLC
Listed By:
HILLEL WEINBERGER · License #403445
(201) 500-8354
Source:
Luminancerealty
Added: Aug 19
Changed: Oct 25
Last Checked: Nov 1 at 1:41PM
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 NATIONWIDE HOMES REALTY LLC
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Investment Insights
Based on property information with market context.
This four-unit quadplex at 7-9 Patten Pl includes three two-bedroom, one-bath apartments and one three-bedroom, one-bath apartment. Each unit is currently occupied. Interior improvements include wood-look flooring, fresh paint, renovated bathrooms, and kitchens with white cabinetry, subway tile, and stainless steel appliances. Separate utilities include forced-air heating and individual hot water heaters.
The property also features an unfinished basement with high ceilings, a long concrete driveway, a rear parking area, and garage parking spaces. Its Newark City setting provides access to schools, playgrounds, shops, public transportation, and major highways.
The property also features an unfinished basement with high ceilings, a long concrete driveway, a rear parking area, and garage parking spaces. Its Newark City setting provides access to schools, playgrounds, shops, public transportation, and major highways.
Key Highlights
- Four‑unit configuration with three 2‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment
- All units are currently tenant‑occupied
- Updated bathrooms and kitchens with white cabinetry, subway tile, and stainless steel appliances
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,926
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with updated interiors, separate utilities, and on-site parking.
Where is this quadplex located?
The property is located at 7-9 Patten Pl Newark, NJ.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Four‑unit configuration with three 2‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment; All units are currently tenant‑occupied; Updated bathrooms and kitchens with white cabinetry, subway tile, and stainless steel appliances
