Description
This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
Details
| MLS # | 4023520 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 160 |
| Listing Provided By | VILLAGE SQUARE REALTORS | CRYSTAL JAMES |
Features
| Bath(s) | 3 Total |
|---|---|
| Garage | 2 |
| Basement | Y |
| Zoning | Residential |
Taxes
| Property | 10529 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07107 |
| Area | Essex |
| Listing VS Median (in 07107) | |
Price: $789,999 low | high Med: $2,950 On site: 160 low | high Med: 173 | |
Market Activity 07107
Request a showing
Request a showing
Listed By
Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07107 |
| Area | Essex |
| Listing VS Median (in 07107) | |
Price: $789,999 low | high Med: $2,950 On site: 160 low | high Med: 173 | |
 | $699,000284 2nd AveNewark City, NJ 07107 |
 | $629,000212 3rd StNewark City, NJ 07107 |