Listed by Elevate Group
$1,499,000
6561 Graham Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,392
Units 6
Beds 2
Cap Rate 8.30%
NOI $124,362
Occupancy 66.67%
Tenancy Multi
Pro-Forma Cap Rate 9.05%
Price per SqFt $341
Year Built 1965
Acreage 9112.000
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.37
Investment Type Value Add
Multifamily | 6 Units | $249,833/unit
Marketing description
Rare opportunity to acquire a six-unit multifamily asset with immediate upside in Newark. The property currently consists of four occupied units — including three Section 8 tenancies — and two vacant units ready for repositioning. Offered at an attractive basis reflecting trustee sale circumstances, limited historical records, and unknown physical condition.
Immediate upside through lease-up and rent stabilization.
Investment highlights
- Two vacant units for immediate lease-up
- Strong value-add opportunity
- Attractive basis at trustee sale
- Significant operational upside
- Potential Section 8 income stability
- Uniform 2BD / 1BA unit mix
- Large average unit sizes
- Rent stabilization potential
Listing Contacts
Listed by Elevate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,362.00
$10,363.50/mo
Valuation Metrics
0
DSCR
8.3%
Cap Rate
8.3%
ROI
Map
Zoning
RM ResidentialMulti FamilyResidential Medium Density
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View all 40 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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