Triplex with Private
New
For Sale
$699,999
803 S 13Th St, Newark, NJ 07108
Multi-Family, 3-Three Story, Triplex, Newark City, NJ
Property Size2,711 SF
Lot Size0.07 Acres
Price / SF$258.21
Days on Market2
Property Features for 803 S 13Th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 9, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Basement, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 5, Bathroom 3
Patio and Porch features
Porch
Interior features
Chandelier, Fire Alarm Sys, High Ceilings, Parquet Floors, Stain Glass Windows, Tile Floors, Walk-In Closet, Wood Floors
Exterior features
Metal Fence, Open Porch(es)
Fencing
Fenced
Directions
Avon Ave to S 13th St
Standard status
Active
Size
2,711 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5826
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating)
Water source
Public
Amenities
partially finished basement
Building Details
Year built
1901
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
PREMIER HOMES
(908) 245-6767
Listed By:
EMANUEL BLOOMFIELD JONES
(800) 245-2272
Added: Oct 1
Last Checked: Oct 2 at 11:06AM
MLS# 4056201
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Newark triplex contains three apartments, each arranged with three bedrooms and one full bathroom. The property totals 2,711 square feet on a 0.07-acre lot and was built in 1901. All three units are vacant and have been freshly painted. The second-floor apartment includes a gas fireplace in its primary bedroom and a private balcony.
Electrical improvements include 200-amp service, new panels, and separate meters for each unit. A partially finished basement has high ceilings and its own entrance, while the exterior includes a porch and fencing.
Electrical improvements include 200-amp service, new panels, and separate meters for each unit. A partially finished basement has high ceilings and its own entrance, while the exterior includes a porch and fencing.
Key Highlights
- Three apartments with 3 bedrooms and 1 full bathroom each
- 2,711 square feet on a 0.07‑acre lot
- All units are vacant and freshly painted
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
$45,941
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
6.56%
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%
$918,820
$918.8K
Cap Rate 7%
$656,300
$656.3K
Cap Rate 9%
$510,456
$510.5K
Market Conditions
NOI Build-Up for 2,711 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
$69.0K $25.44/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$65.6K $24.21/SF
− OpEx
−$19.7K −$7.26/SF
NOI
$45.9K $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%
$918,820
Cap Rate 7%
$656,300
Cap Rate 9%
$510,456
Alternative Uses
Best Use
Multifamily LT 5
$656.3K
$574.3K – $765.7K
NOI $45,941 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$599.2K
$524.3K – $699.0K
NOI $41,941 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$960.5K
$840.5K – $1.12M
NOI $67,238 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,435
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are vacant and separately metered, with upgraded electrical service throughout.
Where is this triplex located?
The property is located at 803 S 13Th St Newark, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Three apartments with 3 bedrooms and 1 full bathroom each; 2,711 square feet on a 0.07‑acre lot; All units are vacant and freshly painted
