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Triplex With Separate Utilities
For Sale
$560,000

94 Cedar Avenue, Newark, NJ 07106

Three-level multifamily property with a basement, individual utilities, and connected electric, natural gas, and water service.

Property SizeContact for details
Days on Market185

Property Features for 94 Cedar Avenue

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence House needs work

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 3

Amenities

Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

Building Details

Stories 3
Listing Agency: Keller Williams Park Views
Listed By: Eyal Levy · License #1540641
Source: Kw
Added: Feb 27 Changed: Aug 31 Last Checked: Aug 31 at 1:53AM

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 Keller Williams Park Views

Investment Insights

Based on property information with market context.

This triplex comprises three residential units arranged across three levels, with a combined seven bedrooms and three bathrooms. The property requires work and includes separate utilities for each unit. Interior layouts feature living areas, bedrooms, kitchens, and bathrooms, while abundant windows provide natural light. A basement adds storage space, and the exterior is finished with low-maintenance vinyl siding and a front entry with steps and railing.

The property is located near public transportation, shops, restaurants, and major highways. Connected services include electricity, natural gas, and water, with separate heating serving the units. Its three-unit configuration supports multifamily rental use or an owner-occupant arrangement, subject to applicable requirements.

Key Highlights

  • Three residential units across three levels
  • Seven bedrooms and three bathrooms in total
  • Separate utilities and separate heating

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Veterinary Clinic

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

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,319
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
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?
Triplex - Three-level multifamily property with a basement, individual utilities, and connected electric, natural gas, and water service.
Where is this triplex located?
The property is located at 94 Cedar Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Three residential units across three levels; Seven bedrooms and three bathrooms in total; Separate utilities and separate heating
More about this property
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