Three-Story
86 1/2 Garside St 2, Newark, NJ 07104
For Sale
$899,000
Central air and natural-gas forced-air heating serve this residential income property.
Property Size3,080 SF
Price / SF$291.88
Days on Market26
Property Features for 86 1/2 Garside St 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Forced Air, Natural Gas
Garage Door Opener
3-Three Story
Building Details
Year Built
Stories
Listed By:
HERI CALCANO
(862) 596-7467
Source:
Evrealestate
Added: Oct 13
Changed: Nov 3
Last Checked: Nov 6 at 8:59AM
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 HERI CALCANO
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 three-story duplex contains 3,080 square feet and was built in 2026. Interior features include central air and forced-air heating with natural gas; a garage door opener is also listed. The property is located at 86 1/2 Garside St in Newark, New Jersey.
Key Highlights
- 3,080 square feet across three stories
- Built in 2026
- Central air and natural‑gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,440
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,800
$1.0M
Cap Rate 7%
$749,143
$749.1K
Cap Rate 9%
$582,667
$582.7K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$78.7K $25.56/SF
− Vacancy
−$3.8K −$1.24/SF
EGI
$74.9K $24.32/SF
− OpEx
−$22.5K −$7.30/SF
NOI
$52.4K $17.03/SF
Area
ZIP 07104
Vacancy
4.84%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,800
Cap Rate 7%
$749,143
Cap Rate 9%
$582,667
Alternative Uses
Best Use
Multifamily LT 5
$749.1K
$655.5K – $874.0K
NOI $52,440 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.8K
NOI $48,228 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$974.2K
$852.5K – $1.14M
NOI $68,197 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,962
Businesses Nearby
Explore this area
Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Central air and natural-gas forced-air heating serve this residential income property.
Where is this duplex located?
The property is located at 86 1/2 Garside St 2 Newark, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,080 square feet across three stories; Built in 2026; Central air and natural‑gas forced‑air heating
