Triplex with Finished
For Sale
$599,000
Pending
96 11th Ave, Newark, NJ 07107
Multi-Family, 3-Three Story, Newark City, NJ
Property Size3,436 SF
Lot Size0.05 Acres
Days on Market194
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 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 9, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 5, Basement, Bathroom 2, Bathroom 3, Bedroom 7, Bathroom 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
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
Listed By:
ROBERT COPPOLA
(973) 251-0100
Added: Apr 7
Changed: Oct 16
Last Checked: Oct 17 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This 3,436-square-foot triplex contains three residential units. The first floor has 3 bedrooms and 1 full bath, while the second and third floors each include 3 bedrooms and 2 full baths. The third-floor residence is vacant, offering flexibility for an owner-occupant or a new lease arrangement.
The finished basement adds a full bath, open recreation area, kitchenette, and two private rooms. Separate utilities serve each unit. Built in 1910, the property sits on 0.05 acres and includes a fenced exterior, flat roof, ceiling fans, public water, and public sewer. The property is being sold AS-IS.
The finished basement adds a full bath, open recreation area, kitchenette, and two private rooms. Separate utilities serve each unit. Built in 1910, the property sits on 0.05 acres and includes a fenced exterior, flat roof, ceiling fans, public water, and public sewer. The property is being sold AS-IS.
Key Highlights
- 3,436 square feet with three residential units
- First‑floor unit has 3 bedrooms and 1 full bath; upper units each have 3 bedrooms and 2 full baths
- Finished basement includes a full bath, kitchenette, open recreation area, and two private rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,671
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,631
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate utilities, with a vacant upper-floor unit available for immediate occupancy or leasing.
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: 3,436 square feet with three residential units; First‑floor unit has 3 bedrooms and 1 full bath; upper units each have 3 bedrooms and 2 full baths; Finished basement includes a full bath, kitchenette, open recreation area, and two private rooms
