Renovated Duplex with
For Sale
$750,000
78 Beverly St Newark City, Newark, NJ 07108
Two three-bedroom units offer primary suites, open common areas, and access to a finished lower level with a full bath.
Property Size3,958 SF
Price / SF$189.49
Days on Market39
Property Features for 78 Beverly St Newark City
General Information
Standard status
Active
Size
3,958 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,181
Amenities
Asphalt Shingle
2 Car Width,Blacktop
Public Sewer
Essex
Additional 1/2 Car Garage,Attached Garage
Active
1614
2 Units,Central Air
2 Units,Forced Hot Air
22
Cable TV,Fiber Optic Available,Garbage Included
2025
Newark City
Electric,Gas-Natural
Clinton Ave. to S. 20th St. to Beverly St.
5
Flexible
2004
18
Gas
1
No
10181
254600
3-Three Story
2
Finished,Full,Walkout
Gas-Natural
9
2596
6
1360
Carbon Monoxide Detector,Dishwasher,Kitchen Exhaust Fan,Range/Oven - Gas,Smoke Detector
3
CarbMDet,CookElec,Dishwshr,KitExhFn,RgOvGas,SmokeDet
Blinds,Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector,Walk-In Closet,Wood Floors
3.0
2.0
2650
Bedrooms,Dining Room,Eat-In Kitchen,Living Room,Master Bedroom,Rec Room
Bedrooms,Dining Room,Eat-In Kitchen,Living Room,Master Bedroom,Storage
Level Lot
Public Water
25X100
0.06
Curbs,MetalFnc,Patio,FencPriv,Sidewalk,StrmWind,FencVnyl
3958
Stucco,Vinyl Siding
Building Details
Building Size
3,958 SF
Year Built
2004
Buildings
1
Construction
contemporary
Listing Agency:
Century 21 Venture Real Estate-Kearny
(609) 891-3848
Listed By:
Susanna Dsouza
(609) 891-3848
Source:
Remaxwelcomehomenj
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 7:29AM
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 Century 21 Venture Real Estate-Kearny
Investment Insights
Based on property information with market context.
This duplex contains two matching residences, each arranged with three bedrooms and two bathrooms, including a primary suite. Hardwood flooring extends through open-concept living areas that connect the kitchen, dining space, and living room. A full basement adds a separate full bathroom and bonus area, providing additional usable space beyond the individual units.
Recent improvements include fresh interior paint and refinished floors. The property was built 22 years ago and includes ample parking. Located at 78 Beverly Street in Newark, New Jersey, the home is near transportation and offers access to major highways.
Recent improvements include fresh interior paint and refinished floors. The property was built 22 years ago and includes ample parking. Located at 78 Beverly Street in Newark, New Jersey, the home is near transportation and offers access to major highways.
Key Highlights
- Two‑family property with 3 bedrooms and 2 bathrooms in each unit
- Full basement includes a full bathroom and bonus space
- Open‑concept kitchen, dining, and living areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,341,460
$1.3M
Cap Rate 7%
$958,186
$958.2K
Cap Rate 9%
$745,256
$745.3K
Market Conditions
NOI Build-Up for 3,958 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.7K $25.44/SF
− Vacancy
−$4.9K −$1.23/SF
EGI
$95.8K $24.21/SF
− OpEx
−$28.7K −$7.26/SF
NOI
$67.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,341,460
Cap Rate 7%
$958,186
Cap Rate 9%
$745,256
Alternative Uses
Best Use
Multifamily LT 5
$958.2K
$838.4K – $1.12M
NOI $67,073 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$874.8K
$765.4K – $1.02M
NOI $61,233 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,167 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,621
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer primary suites, open common areas, and access to a finished lower level with a full bath.
Where is this duplex located?
The property is located at 78 Beverly St Newark City Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family property with 3 bedrooms and 2 bathrooms in each unit; Full basement includes a full bathroom and bonus space; Open‑concept kitchen, dining, and living areas in both units
