Modern Duplex with Solar
For Sale
$699,000
721 South 19th Street, Newark, NJ 07103
Legal two-family property with solar panels and finished walkout lower-level space.
Property Size1,200 SF
Price / SF$582.50
Days on Market250
Property Features for 721 South 19th Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,872
Amenities
in-unit laundry
solar panels
5.0
Yes
No
See Remarks
Finished, Full, Walkout
Building Details
Year Built
2008
Buildings
1
Listing Agency:
COLDWELL BANKER RESIDENTIAL BROKERAGE
Listed By:
MAIKOL PUEBLA · License #297129
(201) 710-0598
Source:
Compass
Added: Dec 28, 2025
Changed: Aug 30
Last Checked: Sep 4 at 4:43PM
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 COLDWELL BANKER RESIDENTIAL BROKERAGE
Investment Insights
Based on property information with market context.
This legal two-family residence, completed in 2008, includes two matching apartments configured with three bedrooms, two full bathrooms, and in-unit laundry in each. The property also offers solar panels and a finished, full walkout lower level with two rooms, a bathroom, and a summer kitchen, providing additional functional space within the existing layout.
Situated at 721 South 19th Street in Newark, the home has access to major transportation routes and Newark Liberty International Airport. Its newer construction, mirrored unit design, and supplemental lower-level areas create a clearly defined multifamily configuration with substantial interior space.
Situated at 721 South 19th Street in Newark, the home has access to major transportation routes and Newark Liberty International Airport. Its newer construction, mirrored unit design, and supplemental lower-level areas create a clearly defined multifamily configuration with substantial interior space.
Key Highlights
- Legal 2‑family residence built in 2008
- Two matching units, each with 3 bedrooms and 2 full bathrooms
- In‑unit laundry included in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$479,600
$479.6K
Cap Rate 7%
$342,571
$342.6K
Cap Rate 9%
$266,444
$266.4K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $30.00/SF
− Vacancy
−$1.7K −$1.45/SF
EGI
$34.3K $28.55/SF
− OpEx
−$10.3K −$8.56/SF
NOI
$24.0K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$479,600
Cap Rate 7%
$342,571
Cap Rate 9%
$266,444
Alternative Uses
Best Use
Multifamily LT 5
$342.6K
$299.8K – $399.7K
NOI $23,980 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$311.4K
$272.5K – $363.3K
NOI $21,797 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$429.2K
$375.6K – $500.7K
NOI $30,044 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with solar panels and finished walkout lower-level space.
Where is this duplex located?
The property is located at 721 South 19th Street Newark, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Legal 2‑family residence built in 2008; Two matching units, each with 3 bedrooms and 2 full bathrooms; In‑unit laundry included in both apartments
