Newark Multifamily Investment
For Sale
Contact for pricing
773-775 Sanford, Newark, NJ 07106
12-unit property with 7.25% cap rate and appreciation potential.
Property SizeContact for details
Days on Market202
Property Features for 773-775 Sanford
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Stories
3
Units
12
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6121
Listed By:
Jonathan Zamora · License #NJ
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This 12-unit multifamily property, located on Newark’s West Side, offers an immediate 7.25% cap rate in-place cash flow and long-term appreciation potential. The property benefits from connectivity to South Orange Avenue, Springfield Avenue, and frequent bus service to Newark Penn Station and Seton Hall University. Proximity to I-280 and I-78 provides quick access to Downtown Newark, Newark Liberty International Airport, and regional employment centers. Greater Newark remains one of North Jersey’s most affordable submarkets. There is a 46 percent upside in rents. All units are oversized, value-add in splitting up the units.
Key Highlights
- Immediate 7.25% Cap Rate In‑Place Cash Flow
- 46 Percent Upside in Rents
- Value‑Add Opportunity in Splitting Oversized Units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
999
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit property with 7.25% cap rate and appreciation potential.
Where is this apartment building located?
The property is located at 773-775 Sanford Newark, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Immediate 7.25% Cap Rate In‑Place Cash Flow; 46 Percent Upside in Rents; Value‑Add Opportunity in Splitting Oversized Units
