Three-Bedroom Residential Income
75 S 13th, Newark, NJ 07107
For Sale
New
Contact for pricing
A renovated apartment offers a new kitchen, updated bath, and modern interior finishes.
Property Size1,200 SF
Price / SF$1.88
Days on Market2
Property Features for 75 S 13th
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
3
Public Water
2500SF
0.06
Building Details
Year Built
Listing Agency:
RE/MAX SELECT
(551) 239-8040
Listed By:
Justin Robinson
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:24AM
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 RE/MAX SELECT
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Investment Insights
Based on property information with market context.
This residential income property contains a three-bedroom, one-bath apartment with approximately 1,200 square feet. The interior was rebuilt and features luxury vinyl flooring, recessed lighting, a newly installed kitchen with cabinetry, countertops, and appliances, and a tiled bathroom. Closet storage is provided in each bedroom.
The property is at 75 S 13th in Newark, New Jersey, on a residential block. Shops, dining, highways, and public transportation are described as nearby. The exterior features public water.
The property is at 75 S 13th in Newark, New Jersey, on a residential block. Shops, dining, highways, and public transportation are described as nearby. The exterior features public water.
Key Highlights
- Three‑bedroom, one‑bath apartment with approximately 1,200 square feet
- Rebuilt interior with luxury vinyl flooring and recessed lighting
- New kitchen with cabinetry, countertops, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,395
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,900
$367.9K
Cap Rate 7%
$262,786
$262.8K
Cap Rate 9%
$204,389
$204.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.3K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$33.4K $27.87/SF
− OpEx
−$15.1K −$12.54/SF
NOI
$18.4K $15.33/SF
Area
ZIP 07107
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,900
Cap Rate 7%
$262,786
Cap Rate 9%
$204,389
Alternative Uses
Best Use
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.4K
$410.8K – $547.7K
NOI $32,861 @ 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
1,213
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
$353,300
Median Home Value
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Market
Average Price Trend$/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 - A renovated apartment offers a new kitchen, updated bath, and modern interior finishes.
Where is this residential income property located?
The property is located at 75 S 13th Newark, NJ.
What are key features of this property?
This property features: Three‑bedroom, one‑bath apartment with approximately 1,200 square feet; Rebuilt interior with luxury vinyl flooring and recessed lighting; New kitchen with cabinetry, countertops, and appliances
