Three-Family Income
For Sale
$599,000
Pending
73 2nd St, Newark, NJ 07107
Three-unit residential income property in a redevelopment area with good transit accessibility.
Property SizeContact for details
Days on Market66
Property Features for 73 2nd St
General Information
Standard status
Pending
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,414
Building Details
Year Built
1910
Units
3
Listing Agency:
EXIT PLATINUM REALTY
(973) 746-4777
Listed By:
MELODY SCOTT · License #265772
Source:
Elliman
Added: Jun 7
Changed: Aug 8
Last Checked: Aug 10 at 5:39AM
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 EXIT PLATINUM REALTY
Investment Insights
Based on property information with market context.
This offering is a three-family (triplex) residential income home, configured as a 3-unit building. As presented, it’s positioned for buyers seeking a straightforward multi-family purchase with income-producing unit structure.
The property is located in the middle of a redevelopment area. WalkScore is listed at 69 (somewhat walkable), BikeScore is 50 (bikeable), and transitScore is 61 (good transit), which may support tenant access to everyday services and commuting options.
For investors and owner-occupants, a three-unit building can be a practical way to diversify rental income within a single asset, compared with a single-tenant property. Buyers typically look at how the 3-unit layout supports market rentability and management efficiency, and this triplex structure is the core component of the use case. Further due diligence on unit interiors, operating expenses, and condition would be standard for evaluating overall fit.
The property is located in the middle of a redevelopment area. WalkScore is listed at 69 (somewhat walkable), BikeScore is 50 (bikeable), and transitScore is 61 (good transit), which may support tenant access to everyday services and commuting options.
For investors and owner-occupants, a three-unit building can be a practical way to diversify rental income within a single asset, compared with a single-tenant property. Buyers typically look at how the 3-unit layout supports market rentability and management efficiency, and this triplex structure is the core component of the use case. Further due diligence on unit interiors, operating expenses, and condition would be standard for evaluating overall fit.
Key Highlights
- Three‑unit residential income property (3‑family home) with Year Built 1910
- Bike Score 50 (Bikeable)
- Walk Score 69 (Somewhat Walkable)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property in a redevelopment area with good transit accessibility.
Where is this triplex located?
The property is located at 73 2nd St Newark, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit residential income property (3‑family home) with Year Built 1910; Bike Score 50 (Bikeable); Walk Score 69 (Somewhat Walkable)
