Building Details

Year Built 1915

Stories 2

Listing Agency: RE/MAX First Realty II s***@dbrei.com Show Phone

Listed By: Darrell Bailey · License #292273 Show Phone

Source: Evrealestate

Added: Aug 8 Changed: Aug 30 Last Checked: Aug 30 at 8:30PM

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Investment Insights

Based on property information with market context.

This two-story multifamily property was built in 1915 and is identified with R2 zoning. Interior features include central air, forced-air heating powered by natural gas, an electric water heater, and a finished full basement.

Exterior features include concrete off-street parking described as oversized and detached. The property is located at 72 Sunset Ave in Newark City, Essex County, with access from South Orange Ave via Sunset Ave.

Key Highlights

• R2 zoning
• Two‑story property built in 1915
• Central air conditioning

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Skin Care Clinic

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

1,247

Businesses Nearby

Explore this area Business Placement

Demographics for 07106, NJ

34,596

Population

13,633

Households

2.5

Avg Household Size

35

Median Age

18%

College-Educated

85%

High-School Grad

1.4 sq mi

ZIP Area

24,711

Density / Sq Mi

$48,105

Median Household Income

$34,820

Median Earnings

$1,221

Median Rent

$321,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - R2-zoned property with central air, natural-gas forced air, and a finished full basement.

Where is this multifamily property located?

The property is located at 72 Sunset Ave Newark, NJ.

What is the asking price?

The asking price for this property is $699,500.

What are key features of this property?

This property features: R2 zoning; Two‑story property built in 1915; Central air conditioning