Properties

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."

Features

  • Heating System : 3 Units
  • Cooling System : 1 Unit
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking : 2
  • Parking Description: 1 Car Width
  • Interior Features: Carbon Monoxide Detector, Smoke Detector, Wood Flo
  • Exterior Features: Metal Fence, Open Porch(es)
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 263300
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: VILLAGE SQUARE REALTORS
  • Office MLS ID: 008704
  • Agent ID: 400534
  • Tax: 10529
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Residential

Multi-Family For Sale

For Sale
$789,999

232 2nd St, Newark City, *

  • SQFT 37.50 Acre
  • Bedroom 9
  • Built Year 1900

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5426498
  • Price: $789,999
  • Bedrooms: 9
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Unknown
  • Lot Area: 37.50 Acre
  • Status: Active
  • Days On Market: 3

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: 2nd St
  • Street Number: 232
  • Street Direction: ROUTE. 280 E, TO 1ST STREET. EXIT. TURN LEFT AT 1
  • Floor Number: 0
  • Longitude: W75° 48' 52.6''
  • Latitude: N40° 45' 14.8''
  • Internet Display Address: No
Property