New Construction Two-Family
For Sale
$829,000
71 N 14th St, Newark, NJ 07107
New construction two-family home with tax abatement eligibility.
Property Size3,750 SF
Price / SF$221.07
Days on Market191
Property Features for 71 N 14th St
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
ROSA AGENCY
Listed By:
SHAWN ROSA · License #274328
(973) 751-1000
Source:
Goldstandardrealty
Added: Apr 15
Changed: Oct 6
Last Checked: Oct 7 at 4:01PM
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 ROSA AGENCY
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Investment Insights
Based on property information with market context.
This is a newly constructed two-family home featuring 3750 square feet of living space. The ground level includes a built-in 2-car garage, a large recreation room, and a half bath. The second level features 6 rooms, including 3 bedrooms and 2 full baths. The third level mirrors the second, also offering 6 rooms, 3 bedrooms, and 2 full baths. Oak hardwood flooring is installed throughout the home, complemented by ceramic tile in the kitchens and bathrooms. The property features two zones of central air conditioning and forced hot air. The property is eligible for a 5-year tax abatement. 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
- Brand‑new 2‑family home built in 2026 offering significant investment potential.
- Generous living space: 3750 sq ft across two units, each with 3 bedrooms and 2 full baths.
- Eligible for a 5‑year tax abatement, providing substantial savings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,000
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,000
$1.3M
Cap Rate 7%
$914,286
$914.3K
Cap Rate 9%
$711,111
$711.1K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$96.8K $25.80/SF
− Vacancy
−$5.3K −$1.42/SF
EGI
$91.4K $24.38/SF
− OpEx
−$27.4K −$7.31/SF
NOI
$64.0K $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%
$1,280,000
Cap Rate 7%
$914,286
Cap Rate 9%
$711,111
Alternative Uses
Best Use
Multifamily LT 5
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$821.2K
$718.6K – $958.1K
NOI $57,484 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,690 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - New construction two-family home with tax abatement eligibility.
Where is this duplex located?
The property is located at 71 N 14th St Newark, NJ.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Brand‑new 2‑family home built in 2026 offering significant investment potential.; Generous living space: 3750 sq ft across two units, each with 3 bedrooms and 2 full baths.; Eligible for a 5‑year tax abatement, providing substantial savings.
