Newark Multifamily Investment
99 Grafton Ave, Newark, NJ 07104
Multi-Family, 2-Two Story - Newark City, NJ
Property size:
3,000 SFLot size:
0.12 Acres- Added:
- Jan 18, 2026
- Days on Market:
- 132
- Last Refresh:
- May 30 at 1:06 pm
Property Features for 99 Grafton Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
- Parking
- 6
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
- Basement Y/N
- 1
- Appliances
- Oven - Gas, Range
- Standard status
- Pending
- Size
- 3,000 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9108
Utilities
- Heating system
- Baseboard, Hot Water (Heating), Other (Heating)
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent CARMEN JIMENEZ (973) 450-4000
Listing office RE/MAX PROFESSIONALS I 264 WASHINGTON AVENUE, Belleville, NJ (973) 450-4000
Listing date Jan 18, 2026
MLS# 4005741
Listing URL
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.
HighLights
- Excellent income potential as a well‑maintained multifamily property in Newark's highly desirable Northward.
- Finished basement with family room, office, exercise room, storage, laundry, and bathroom.
- Two spacious units, each with a living room, kitchen, four bedrooms, and a full bathroom.
- Prime location near schools, Branch Brook Park, and public transportation.
- Easy access to NYC.
- Durable brick construction and flat roof.
Overview
This well-maintained multifamily property presents a great investment opportunity in Newark's highly desirable Northward. The property features spacious units and a finished basement, offering excellent income potential. The first floor includes a living room, spacious kitchen, four generously sized bedrooms, and one full bathroom. The second floor mirrors this layout, also featuring a living room, kitchen, four spacious bedrooms, and one full bathroom. The finished basement provides additional living space with a family room, office, exercise room, storage room, laundry area, and one bathroom. Situated on a 0.12-acre lot, the property is conveniently located near schools, Branch Brook Park, and public transportation, with easy access to NYC. This property is an ideal opportunity for investors or owner-occupants looking to generate rental income in a prime location. The property size is 3000 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.7k | $25.56 |
| − Vacancy | −$3.7k | −$1.24 |
| EGI | $73.0k | $24.32 |
| − OpEx | −$21.9k | −$7.30 |
| NOI | $51.1k | $17.03 |
3,000 SF · lease $25.56/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$729.7K
$638.5K – $851.3K
NOI $51,078 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$671.1K
$587.2K – $782.9K
NOI $46,976 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$948.9K
$830.3K – $1.11M
NOI $66,426 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1606
- Latitude
- 40.77577
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained multifamily property in Newark's desirable Northward, near Branch Brook Park.
Where is this duplex located?
The property is located at 99 Grafton Ave Newark, NJ.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Excellent income potential as a well‑maintained multifamily property in Newark's highly desirable Northward.; Finished basement with family room, office, exercise room, storage, laundry, and bathroom.; Two spacious units, each with a living room, kitchen, four bedrooms, and a full bathroom.
