New Construction Duplex with
For Sale
$1,075,000
97 9Th Ave, Newark, NJ 07107
Two three-bedroom residences feature private corner balconies, contemporary kitchens, and primary suites with walk-in closets.
Property Size4,000 SF
Price / SF$268.75
Days on Market14
Property Features for 97 9Th Ave
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Neighborhood
Fairmount
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,107
Building Details
Building Size
4,000 SF
Year Built
2026
Buildings
1
Listing Agency:
KELLER WILLIAMS CITY VIEWS REALTY
Listed By:
OSCAR NUNEZ-PAZ
(201) 592-8900
Source:
Citywestrealestate
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 3:25PM
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 CITY VIEWS REALTY
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-family property combines brick and siding with a separate ground-level entrance. The ground floor includes an open layout, oversized windows, a full bathroom, and access to a two-car garage. Each of the two upper residences has three bedrooms and two bathrooms, including a primary suite with a private bath and a walk-in closet with built-in shelving. Kitchens include oversized islands with waterfall quartz countertops, dark cabinetry, and pendant lighting; each unit also has a private corner balcony facing the street.
The property is at 97 9Th Ave in Newark City, near major highways, restaurants, shopping, public transportation, and everyday amenities. A five-year tax abatement is noted.
The property is at 97 9Th Ave in Newark City, near major highways, restaurants, shopping, public transportation, and everyday amenities. A five-year tax abatement is noted.
Key Highlights
- Two‑family property built in 2026
- Each upper residence has 3 bedrooms and 2 bathrooms
- Ground level includes an open layout, full bathroom, oversized windows, and access to a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,267
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,340
$1.4M
Cap Rate 7%
$975,243
$975.2K
Cap Rate 9%
$758,522
$758.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$103.2K $25.80/SF
− Vacancy
−$5.7K −$1.42/SF
EGI
$97.5K $24.38/SF
− OpEx
−$29.3K −$7.31/SF
NOI
$68.3K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,340
Cap Rate 7%
$975,243
Cap Rate 9%
$758,522
Alternative Uses
Best Use
Multifamily LT 5
$975.2K
$853.3K – $1.14M
NOI $68,267 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$876.0K
$766.5K – $1.02M
NOI $61,317 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,536 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,213
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?
Duplex - Two three-bedroom residences feature private corner balconies, contemporary kitchens, and primary suites with walk-in closets.
Where is this duplex located?
The property is located at 97 9Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two‑family property built in 2026; Each upper residence has 3 bedrooms and 2 bathrooms; Ground level includes an open layout, full bathroom, oversized windows, and access to a two‑car garage
