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    Newark, NJ Multifamily Properties for Sale

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    Legal Three-Family Home
    Updated: May 13
    Legal Three-Family Home

    224 12Th Ave, Newark, NJ 07107

    $615,000
    3,388 sqft 0.06 AC lot
    Legal 3‑family home built in 1897
    Convenient to Rutgers University (about 5 minutes), downtown (about 7 minutes), and Newark Penn Station (less than 15 minutes)
    Public water and public sewer
    Heating: baseboard and hot water heating
    Shingle roof
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    This listing looks promising.

    Here's a quick look at some key insights for

    224 12Th Ave, Newark City, NJ 07107-1486

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $52K
      Annual

    • Price @ 7% Cap

      $742K
      Above asking

    • Property Type

      Single Family Residence
      Built 1897
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    Mixed-Use Property with Restaurant Space
    Updated: Jul 14
    Mixed-Use Property with Restaurant Space

    52 Holland St, Newark, NJ 07103

    $749,000
    4,364 sqft 0.06 AC lot
    Mixed‑use property completed in 2024 with a 5‑year tax abatement in place beginning in 2025
    Ground floor offers approx. 2,394 SF of commercial space with extra‑high ceilings, expansive open areas, bar seating, and a commercial kitchen
    Commercial level includes multiple restrooms and is constructed across the full lot under grandfathered conditions
    Upper residence spans two levels with 6 bedrooms and 2.5 baths, plus a spacious living area and large kitchen
    Modern systems include central air HVAC, washer and dryer hookups, and a full sprinkler system
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    Three-Story Multifamily Income Property
    Three-Story Multifamily Income Property

    590 Hunterdon St, Newark, NJ 07108

    $699,000
    5,087 sqft 0.06 AC lot

    Three-story multifamily building with three identical layouts, each offering 3 bedrooms and 2 full bathrooms.

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    Legal Two-Family with Garage
    Legal Two-Family with Garage

    908 S 16Th St, Newark, NJ 07108

    $749,000
    3,156 sqft 0.11 AC lot

    Legal two-family home updated in 2023 with vinyl siding, private driveway, detached two-car garage, and finished basement.

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    Legal Three-Family Property with Basement Entry
    Legal Three-Family Property with Basement Entry

    366 7th Avenue West, Newark, NJ 07107

    $700,000
    6,300 sqft

    Vacant legal three-family with separate basement entrance and detached garage, ready for a full cosmetic renovation.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    38-40 ECKERT Avenue, Newark, NJ 07112

    $615,000
    2,770 sqft 0.08 AC lot

    Three separate apartments with a mix of 2- and 3-bedroom layouts, delivered vacant for flexible occupancy planning.

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    Newark Two-Family Home For Sale
    Newark Two-Family Home For Sale

    711 S 11Th St, Newark, NJ 07103

    $789,999
    4,238 sqft 0.07 AC lot

    Well-maintained, income-producing two-family home in Newark City, NJ.

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    New Construction Attached 3-Family Homes
    New Construction Attached 3-Family Homes

    678 S 18Th St, Newark, NJ 07103

    $975,000
    5,003 sqft 0.07 AC lot

    Two attached 3-family homes are under construction, each unit with 3 bedrooms, 2 full baths, and in-unit laundry hookups.

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    New 2-Family Residential Income Home
    New 2-Family Residential Income Home

    520 S 19Th St, Newark, NJ 07103

    $889,000
    3,870 sqft

    Newly constructed duplex with garage parking, separate entry space, and two upper units each with 3 bedrooms.

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    New Construction Six-Unit Multifamily
    New Construction Six-Unit Multifamily

    674-676 S 18Th St, Newark, NJ 07103

    $975,000
    5,003 sqft 0.07 AC lot

    Two attached 3-family homes under construction, scheduled for completion by June 1, with 3-bedroom, 2-bath units and terraces.

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    Newark Multifamily Property with Bonus
    Newark Multifamily Property with Bonus

    123 Seymour Avenue, Newark, NJ 07108

    $500,000
    4,534 sqft 0.07 AC lot

    Legal 2-family home with bonus floor, great investment opportunity.

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    Renovated Two-Unit Residential Income Property
    Renovated Two-Unit Residential Income Property

    272 Schley Street, Newark, NJ 07112

    $845,000
    9,999 sqft

    Completely renovated two-family home with modern finishes, central air, and added finished basement and attic space.

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    2022-Built Duplex with Separate Utilities
    2022-Built Duplex with Separate Utilities

    24 Johnson Ave, Newark, NJ 07108

    $595,000
    2,346 sqft 0.10 AC lot

    Newly built duplex offered as-is, with separate gas and electric utilities and a layout suited for owner-occupancy and renting.

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    Brand New Two-Family Residence
    Brand New Two-Family Residence

    14-16 Cliff Street, Newark, NJ 07106

    $904,900
    9,999 sqft

    New construction two-family home offering multiple bedrooms and bathrooms with a built-in two-car garage.

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    Two-Family Home With Finished Basement
    Two-Family Home With Finished Basement

    88 Manchester Pl, Newark, NJ 07104

    $819,900
    0.09 AC lot

    Duplex with two three-bedroom units, renovated second floor, and a finished basement plus off-street parking.

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    Duplex Residential Income Property
    Duplex Residential Income Property

    50 9Th Ave, Newark, NJ 07107

    $775,000
    3,168 sqft 0.07 AC lot

    For sale duplex in Newark, NJ offering residential income housing within a compact lot size.

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    Mixed-Use Retail and Apartment Building
    Mixed-Use Retail and Apartment Building

    620 S ORANGE AVE Unit 6, Newark, NJ 07106

    $900,000
    7,287 sqft

    Vacant renovated storefront with five occupied apartments above, offering flexible as-is ownership.

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    Updated Two-Family Residence
    Updated Two-Family Residence

    212 3rd Street, Newark, NJ 07107

    $629,000
    4,380 sqft 0.06 AC lot

    A remodeled two-unit home with 3-bedroom layouts and expanded finished areas for flexible income use.

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    Newark Multifamily Property with Garages
    Newark Multifamily Property with Garages

    109-111 Fleming Ave, Newark, NJ 07105

    $2,999,999
    4,930 sqft

    Two Lots in Newark-North Ironbound! A 6 family home on one side and five garages with a driveway in the other! L@@K!!

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    Attached Three-Building Duplex Portfolio
    Attached Three-Building Duplex Portfolio

    643 S 10th St, Newark, NJ 07108

    $900,000

    Custom-built three attached buildings totaling six duplex residences, offered for sale with warranty and tax abatement benefits.

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    Turnkey Bar/Restaurant with Residential Units
    Turnkey Bar/Restaurant with Residential Units

    130 Main St, Newark, NJ 07105

    $2,400,000
    6,500 sqft 0.09 AC lot

    Mixed-use property with established bar/restaurant and two apartments.

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    Three-Building Duplex Residential Property
    Three-Building Duplex Residential Property

    647 S 10Th St, Newark, NJ 07108

    $900,000
    0.05 AC lot

    Three attached buildings totaling six duplex-style residences, offered with warranty coverage and a tax abatement term.

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    Mixed-Use Quadplex with Convenience Store
    Mixed-Use Quadplex with Convenience Store

    661 SOUTH 18TH STREET Unit 0, Newark, NJ 07103

    $899,900
    8,500 sqft

    Four residential units plus a ground-floor convenience store, with off-street parking via private driveway and detached garage.

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    Renovated Three-Family Residence
    Renovated Three-Family Residence

    164 Parker St, Newark, NJ 07104

    $759,000
    0.06 AC lot

    Completely renovated three-unit property with eat-in kitchens, spacious living areas, and an unfinished basement.

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    Newark, NJ Multifamily Properties Market Trends and Statistics

    Explore 282 multifamily properties for sale in Newark, NJ, showcased through 282 active listings on our real estate platform. These investment opportunities span a total of 237,427 square feet of properties for sale, with an estimated market value of $49,750,696.

    Sale prices for multifamily properties in Newark, NJ start at $280,000, averaging $857,770, and reaching up to $2,999,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 179
    Triplexes 97
    Apartment buildings 59
    Quadplexes 10
    Short term rental properties 2

    Demographics Overview

    Population 307K
    Population Growth (5Y) +8.9%
    Median Household Income $47,918
    College Educated 9.5%

    High-Yield Neighborhoods for Investment

    Identify Newark submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07106 $721.5K
    07108 $769.1K
    07107 $792.1K
    07112 $825.6K
    07102 $849.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.63%
    Property Tax per SF $23.25 per SF
    Tax Rate vs County Average 0.60 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Essex County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Newark fall within the 50,000 to 100,000 square foot range.

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    Most Searched ZIP Codes in Newark, NJ

    • 07103
    • 07112
    • 07104
    • 07108
    • 07107
    • 07105
    • 07106

    Featured Newark Real Estate Agencies

    Realmo connects you with licensed Newark CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Rosa Agency Ironbound LLC
    360 Lafayette St Newark, NJ 07105
    Phone: 19735897550
    Logistics Real Estate Services LLC
    Newark, NJ 07105

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