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53 Madison Street 53 Madison St 8 Unit Apartment Building $1,850,000 ($231,250/Unit) 7.91% Cap Rate Newark, NJ 07105
Investment Highlights
- Transportation and Walkability
- Desirable Brick Construction
- Quality of Life Amenities
- Area Amenities and Demand Drivers
- Strong Rental Demographics and Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 53 Madison Street in Newark, NJ (the “Property”). The four-story building contains three (3) 1-Bedroom/1-Bathroom units and five (5) 2-Bedroom/1-Bathroom units situated upon a 0.07-acre parcel in a densely populated residential corridor. The Property features on-street parking.
53 Madison Street is well-positioned near downtown Newark, offering convenient access to the city’s central business district and surrounding residential neighborhoods. The property benefits from close proximity to Interstate 280, Interstate 78, and the Garden State Parkway, providing efficient regional connectivity throughout Northern New Jersey and into New York City. Nearby NJ Transit rail and bus service, as well as PATH access to Manhattan, further enhance accessibility. A diverse mix of retail, dining, educational, and cultural amenities in the downtown area supports strong livability and long-term tenant appeal.
53 Madison Street is well-positioned near downtown Newark, offering convenient access to the city’s central business district and surrounding residential neighborhoods. The property benefits from close proximity to Interstate 280, Interstate 78, and the Garden State Parkway, providing efficient regional connectivity throughout Northern New Jersey and into New York City. Nearby NJ Transit rail and bus service, as well as PATH access to Manhattan, further enhance accessibility. A diverse mix of retail, dining, educational, and cultural amenities in the downtown area supports strong livability and long-term tenant appeal.
Property Facts
| Price | $1,850,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $231,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7.91% | Building Size | 5,335 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1900 |
| Price | $1,850,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| Cap Rate | 7.91% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,335 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1900 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 5 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 14-00174-0000-00030 | Improvements Assessment | $238,100 |
| Land Assessment | $160,000 | Total Assessment | $398,100 |
Property Taxes
Parcel Number
14-00174-0000-00030
Land Assessment
$160,000
Improvements Assessment
$238,100
Total Assessment
$398,100
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