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42 42-46 Smith St - 42-46 Smith St. 8 Unit Apartment Building Offered at $1,110,248 CAD at a 3.26% Cap Rate Newark, NJ 07106
Investment Highlights
- Large Lot with Untapped Potential
- Opportunity to Add Value Through Improvements
- Operational Upside Through Stabilization
Executive Summary
Well-located 8-unit multifamily on a 75’ x 100’ lot. The property is fully occupied with month-to-month tenants and offers long-term upside. While the building requires improvements, it presents an opportunity for an investor to add value through renovations and operational efficiencies.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
Site Amenities
- 24 Hour Access
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-04201-0000-00045 | Total Assessment | $491,431 CAD |
| Land Assessment | $250,304 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $241,127 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
14-04201-0000-00045
Land Assessment
$250,304 CAD
Improvements Assessment
$241,127 CAD
Total Assessment
$491,431 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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42 42-46 Smith St - 42-46 Smith St.
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