7% CAP RATE HUGE 2 FAMILY SIDE-BY-SIDE 10 BEDROOMS 3 FLOORS!
Multifamily | 2 Units | $449,000/unit
Marketing description
Turnkey income-producing property located in North Newark’s growing rental market. This unique side-by-side multifamily asset consists of two spacious triplex units, each offering 5 bedrooms, multiple bathrooms, and generous living spaces, providing strong tenant demand and consistent rental income.
Located in a high-demand commuter area with convenient access to NYC via nearby train lines and major highways, and close to schools, bus service, shopping, and local amenities.
With multiple income streams, stable occupancy, and long-term appreciation potential, this property is an excellent opportunity for investors seeking strong cash flow and future value growth.
Perfect for buy-and-hold investors looking to expand their multifamily portfolio in a rapidly developing market.
Investment highlights
Property Highlights:
- 7% Cap Rate with upside potential
- Fully occupied with stable rent roll
- Two large triplex units (10+ total bedrooms)
- 4 detached garage/storage units – additional rental income opportunity
- Large finished basement with separate entrance – flexible space for storage, recreation, or potential value-add
- Central laundry room
- Separate heating systems for each unit
- Private driveway leading to a 4-car garage
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
