3-Bedroom Apartment with In-Unit
726 S 13st # 1, Newark, NJ 07103
For Sale
New
Contact for pricing
Ground-floor apartment with three bedrooms, a refreshed kitchen, and laundry equipment inside the unit.
Property Size900 SF
Price / SF$2.56
Days on Market2
Property Features for 726 S 13st # 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
in-unit laundry
walk-in closet
Carpeting,Tile
Gas-Natural
3
In Unit
3 Bedrooms,Bath Main,Breakfast Room,Kitchen,Laundry Room,Living Room
City/Town Street
Public Water
3,877
89.00
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Justin Robinson
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:23AM
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 Justin Robinson
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Investment Insights
Based on property information with market context.
This 900-square-foot, ground-level apartment has three bedrooms and one bathroom. Recent interior updates include fresh paint, new carpeting in the bedrooms, and a kitchen with new appliances. A washer and dryer are installed within the unit, and the primary bedroom includes a walk-in closet. The building dates to 2006.
Key Highlights
- 900‑square‑foot, ground‑level apartment
- Three bedrooms and one bathroom
- Washer and dryer located inside the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,940
$326.9K
Cap Rate 7%
$233,529
$233.5K
Cap Rate 9%
$181,633
$181.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$31.3K $34.80/SF
− Vacancy
−$1.6K −$1.77/SF
EGI
$29.7K $33.03/SF
− OpEx
−$13.4K −$14.86/SF
NOI
$16.3K $18.16/SF
Area
ZIP 07103
Vacancy
5.10%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,940
Cap Rate 7%
$233,529
Cap Rate 9%
$181,633
Alternative Uses
Best Use
Apartment 5plus
$233.5K
$204.3K – $272.5K
NOI $16,347 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.9K
$281.7K – $375.6K
NOI $22,533 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,469
Businesses Nearby
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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
$259,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor apartment with three bedrooms, a refreshed kitchen, and laundry equipment inside the unit.
Where is this residential income property located?
The property is located at 726 S 13st # 1 Newark, NJ.
What are key features of this property?
This property features: 900‑square‑foot, ground‑level apartment; Three bedrooms and one bathroom; Washer and dryer located inside the unit
