Properties

Description

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with seperate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

Features

  • Heating System : 4+ Units
  • Cooling System : Window A/c(s)
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking Description: None, On-Street Parking
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke
  • Exterior Features: Carriage House, Open Porch(es), Privacy Fence, Sto
  • Lot Description: Corner
  • Tax Assessed Valuation: 286100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: MONARCH REALTY & ASSOCIATES
  • Office MLS ID: 6381
  • Agent ID: 290400
  • Tax: 10880
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$795,000

295 S 7Th St, Newark City, *

  • SQFT 56.10 Acre
  • Bedroom 12
  • Built Year 9999

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5401265
  • Price: $795,000
  • Bedrooms: 12
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Lot Area: 56.10 Acre
  • Status: Active
  • Days On Market: 8

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: S 7Th St
  • Street Number: 295
  • Street Direction: 14TH Avenue to South 7th
  • Floor Number: 0
  • Longitude: W75° 48' 5.9''
  • Latitude: N40° 44' 19.2''
  • Internet Display Address: No
Property