Brick-Facade
For Sale
$875,000
775 South 13th Street, Newark, NJ 07108
The two-family residence is being built with central air conditioning and wood flooring.
Property Size3,483 SF
Price / SF$251.22
Days on Market12
Property Features for 775 South 13th Street
General Information
Standard status
Active
Size
3,483 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Upper Clinton Hill
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$429
Amenities
Gas-Natural
1
6
2
3
Carbon Monoxide Detector,Smoke Detector
Carbon Monoxide Detector,Dishwasher,Kitchen Exhaust Fan,Range/Oven - Gas,Smoke Detector
Carbon Monoxide Detector,Smoke Detector,Tile Floors,Walk-In Closet,Wood Floors
1.0
2.0
Rec Room,Utility Room
Bedrooms,Kitchen,Living/Dining Room
No
Level Lot
Public Water
25 X 100
0.06
Metal Fence,Sidewalk
3483
Brick,Vinyl Siding
Building Details
Building Size
3,483 SF
Year Built
2026
Listing Agency:
CORNERSTONE REALTY ASSOCIATES
(908) 224-5438
Listed By:
Jay Marquez
Source:
Haven
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:13AM
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 CORNERSTONE REALTY ASSOCIATES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family residence is under construction and is designed with a brick and vinyl exterior. Interior features include wood floors, central air conditioning, and a kitchen with granite countertops. The property measures 3,483 square feet, with a 25-by-100-foot lot. Construction is scheduled for 2026.
Key Highlights
- 3,483‑square‑foot duplex
- Two‑family home under construction
- Brick and vinyl exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,023
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,460
$1.2M
Cap Rate 7%
$843,186
$843.2K
Cap Rate 9%
$655,811
$655.8K
Market Conditions
NOI Build-Up for 3,483 SF
Gross rent
$88.6K $25.44/SF
− Vacancy
−$4.3K −$1.23/SF
EGI
$84.3K $24.21/SF
− OpEx
−$25.3K −$7.26/SF
NOI
$59.0K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,460
Cap Rate 7%
$843,186
Cap Rate 9%
$655,811
Alternative Uses
Best Use
Multifamily LT 5
$843.2K
$737.8K – $983.7K
NOI $59,023 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$769.8K
$673.6K – $898.1K
NOI $53,884 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,386 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence is being built with central air conditioning and wood flooring.
Where is this duplex located?
The property is located at 775 South 13th Street Newark, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,483‑square‑foot duplex; Two‑family home under construction; Brick and vinyl exterior
