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Multifamily Property with New Siding
For Sale
$589,000

89 Aldine St, Newark, NJ 07112

Two-story residence with hardwood floors, high ceilings, generous room sizes, and partially updated interior spaces.

Property Size3 SF
Price / SF$196,333
Days on Market44

Property Features for 89 Aldine St

General Information

Standard status Active
Size 3 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence Needs a little TLC & cosmetic updates.

Building Details

Year Built 1922
Buildings 1
Listing Agency: EXIT PLATINUM REALTY
Listed By: TRACY CHERRY-ARNOLD · License #311837
Source: Goldstandardrealty
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 30 at 8:28PM

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 EXIT PLATINUM REALTY

Investment Insights

Based on property information with market context.

Built in 1922, this two-story multifamily residence offers a broad interior layout with hardwood floors, high ceilings, and generously sized rooms. The first floor includes a living room, two bedrooms, and an eat-in kitchen. The second floor contains three bedrooms, a living room, dining room, den, and sun porch, along with a renovated bathroom and partially renovated kitchen.

Recent exterior work includes completed siding installation. Interior improvements remain, with cosmetic updates and additional TLC needed to finish the property.

Key Highlights

  • New siding installation recently completed
  • Built in 1922
  • First‑floor layout includes living room, 2 bedrooms, and eat‑in kitchen

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,830
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two-story residence with hardwood floors, high ceilings, generous room sizes, and partially updated interior spaces.
Where is this multifamily property located?
The property is located at 89 Aldine St Newark, NJ.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: New siding installation recently completed; Built in 1922; First‑floor layout includes living room, 2 bedrooms, and eat‑in kitchen
More about this property
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