Properties

Description

Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.

Features

  • Heating System : Radiators - Steam, 2 Units
  • Cooling System : Window A/c(s)
  • Basement : Finished-partially
  • Roof Deck : Asphalt Shingle
  • Parking : 10
  • Parking Description: Additional Parking, Blacktop, Driveway-Exclusive,
  • Tax Assessed Valuation: 272600
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground

Additional Info

  • Office Name: EXP REALTY, LLC
  • Office MLS ID: 5028
  • Agent ID: 300361
  • Tax: 10901
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$850,000

13 May St, Newark City, *

  • SQFT 5,240 Acre
  • Bedroom 10
  • Built Year 1899

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5436122
  • Price: $850,000
  • Bedrooms: 10
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1899
  • Year Built Description: Approximate
  • Lot Area: 5,240 Acre
  • Status: Active
  • Days On Market: 57

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: May St
  • Street Number: 13
  • Street Direction: Wakeman Ave to May Street. GPS works fine.
  • Floor Number: 0
  • Longitude: W75° 50' 2.8''
  • Latitude: N40° 46' 0.4''
  • Internet Display Address: No
Property