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$700,000
Est. payment /mo
6 Beds
6.5 Baths
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4012586
Style 3-Three Story
Bedrooms 6
Full Baths 6
Half Baths 1
Year Built 1907
Annual Tax Amount $8,357
Tax Year 2025
Lot Size 5,662 Sqft
Property Description
Exceptional opportunity to own a rare multi-family property situated on two separate lots in a prime Newark location. This spacious 3-family home offers a total of 6 bedrooms and 5 bathrooms, plus a full finished walk-out basement with incredible flexibility for future upgrades and added value. Perfect for Investors seeking strong rental upside, Contractors looking to build equity or Owner-occupants who want to live in one unit and rent the others With strategic updates, this property has significant income potential and long-term appreciation upside. A major bonus feature includes 5 detached garages plus 5 additional parking spaces a rare and highly desirable amenity in Newark that adds immediate rental value. The finished walk-out basement offers flexibility for additional living space, storage, or future reconfiguration to maximize returns. Conveniently located near: Tops Diner New Jersey Devils home arena at Prudential Center Newark Penn Station for NJ Transit & PATH access to NYC Major highways including Interstate 280, Garden State Parkway, and Route 21 Minutes from Downtown Newark shopping, dining, and business district Easy access to transportation makes this an attractive rental location for commuters traveling to NYC and surrounding North Jersey areas.
Location
State NJ
County Essex
Rooms
Basement Finished-Partially, Full, Walkout
Interior
Heating Gas-Natural
Cooling 3 Units
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding, Brick
Parking Features Detached Garage
Garage Spaces 5.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Available
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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