Properties

Description

Discover a rare gem in Newark's North Ward: an income-producing, four-unit property featuring a ground-floor unit with commercial potential. Currently, fully occupied, this asset offers immediate cash flow. The first floor tenant will vacate soon, presenting a valuable opportunity to convert the space into high-demand commercial use or retain as residential. Situated near light rail and NJ Transit bus lines- steps from Newark Penn Station- and surrounded by high foot and vehicle traffic, the location ensures excellent visibility and accessibility for both renters and customers. Ideal for sophisticated investors or owner-occupiers seeking to live in one unit and rent others. This property is within C-1 zoning ( Commercial-neighborhood). Please do your own due diligence. One of the units is in the back (rear unit)

Features

  • Heating System : 4+ Units
  • Cooling System : Wall A/c Unit(s)
  • Basement : Unfinished
  • Roof Deck : Flat
  • Parking Description: See Remarks
  • Interior Features: Carbon Monoxide Detector, Smoke Detector, Tile Flo
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 244100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground

Additional Info

  • Office Name: DIAS & ASSOCIATES REALTY
  • Office MLS ID: 4769
  • Agent ID: 265932
  • Tax: 9283
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: C-1

Multi-Family For Sale

For Sale
$799,000

575 N 6Th St, Newark City, *

  • SQFT 24.10 Acre
  • Bedroom 7

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5375354
  • Price: $799,000
  • Bedrooms: 7
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 0
  • Year Built Description: Unknown
  • Lot Area: 24.10 Acre
  • Status: Active
  • Days On Market: 28

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: N 6Th St
  • Street Number: 575
  • Street Direction: Bloomfield Avenue., to N. 6TH.
  • Building Name: 1
  • Floor Number: 0
  • Longitude: W75° 49' 5.8''
  • Latitude: N40° 46' 7.9''
  • Unit Number: 4
  • Internet Display Address: No
Property