Triplex with Finished
For Sale
$599,000
Pending
96 11th Ave, Newark, NJ 07107
MULTI_FAMILY - Newark City, NJ
Property Size3,436 SF
Lot Size0.05 Acres
Days on Market127
Property Features for 96 11th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 6, Bedroom 7, Bedroom 9, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 6
Exterior features
FencVnyl
Fencing
Fenced
Subdivision
Fairmount
Directions
Central Ave to 9th Street to 11th Ave
Standard status
Pending
Size
3,436 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14596
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
finished basement
full bath
recreational area
kitchenette
private rooms
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Roof type
Flat
Architectural style
Other
Listing Agency:
KELLER WILLIAMS SUBURBAN REALTY · Keller Williams Realty
(973) 251-0100
Listed By:
ROBERT COPPOLA
(973) 251-0100
Added: Apr 7
Changed: Aug 7
Last Checked: Aug 11 at 8:06AM
MLS# 4018994
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 triplex at 96 11th Ave, Newark City, NJ 07107-1414 offers three separate rental units. The first-floor unit includes 3 bedrooms and 1 full bath, while the second and third floors each provide 3 bedrooms and 2 full baths. The third-floor unit is currently vacant, which can support an owner-occupant moving in while maintaining rental income from the other units.
A key feature is the finished basement, which includes a full bath, an open recreational area, a kitchenette, and two private rooms. This flexible layout can be used within the home or configured to support additional living space. Each unit has separate utilities, which can simplify day-to-day management.
The property sits on a 0.05-acre lot and contains 3,436 square feet. Built in 1910, the home is served by public water and public sewer, with a flat roof. Exterior features include fencing, and cooling is provided via ceiling fans. The property is being sold AS-IS.
A key feature is the finished basement, which includes a full bath, an open recreational area, a kitchenette, and two private rooms. This flexible layout can be used within the home or configured to support additional living space. Each unit has separate utilities, which can simplify day-to-day management.
The property sits on a 0.05-acre lot and contains 3,436 square feet. Built in 1910, the home is served by public water and public sewer, with a flat roof. Exterior features include fencing, and cooling is provided via ceiling fans. The property is being sold AS-IS.
Key Highlights
- Finished basement includes a full bath, open recreational area, kitchenette, and two private rooms
- Third‑floor unit is currently vacant
- Separate utilities for each unit
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
$52,671
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
8.79%
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%
$1,053,420
$1.1M
Cap Rate 7%
$752,443
$752.4K
Cap Rate 9%
$585,233
$585.2K
Market Conditions
NOI Build-Up for 3,436 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
$101.0K $29.40/SF
− Vacancy
−$5.3K −$1.53/SF
EGI
$95.8K $27.87/SF
− OpEx
−$43.1K −$12.54/SF
NOI
$52.7K $15.33/SF
Area
ZIP 07107
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,053,420
Cap Rate 7%
$752,443
Cap Rate 9%
$585,233
Alternative Uses
Best Use
Multifamily LT 5
$837.7K
$733.0K – $977.4K
NOI $58,641 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$752.4K
$658.4K – $877.9K
NOI $52,671 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,091 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
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?
Triplex - Three-family triplex with separate utilities per unit and a finished basement featuring a full bath, kitchenette, and private rooms.
Where is this triplex located?
The property is located at 96 11th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Finished basement includes a full bath, open recreational area, kitchenette, and two private rooms; Third‑floor unit is currently vacant; Separate utilities for each unit
