Properties

Description

Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark's West Side section, featuring a projected 9.3% cap rate an excellent opportunity for investors seeking strong rental income and return potential. Annual property taxes are approximately $7,438. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: Three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: Rec room, sitting area and full bath, with private access from the rear of the home. Second floor: Three bedrooms, living room, kitchen and two full baths. Third floor: Three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional feature rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Conveniently located near The Ironbound, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Down payment assistance, FHA 100% financing and financing with as little as 3.5%-5% down on 2"4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!

Features

  • Heating System : Radiators - Steam, 3 Units, Radiators - Hot Water
  • Cooling System : Window A/c(s)
  • Basement : Full, Walkout, Finished-partially
  • Roof Deck : Flat
  • Parking : 3
  • Parking Description: Blacktop, Driveway-Shared
  • Interior Features: Carbon Monoxide Detector, Chandelier, Fire Alarm S
  • Exterior Features: Metal Fence
  • Tax Assessed Valuation: 186000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: EXP REALTY, LLC
  • Office MLS ID: 5028
  • Agent ID: 307902
  • Tax: 7438
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$799,000

63 S 7Th St, Newark City, *

  • SQFT 26.30 Acre
  • Bedroom 10
  • Built Year 1910

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5466790
  • Price: $799,000
  • Bedrooms: 10
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1910
  • Year Built Description: Approximate, Renovated
  • Lot Area: 26.30 Acre
  • Status: Active
  • Days On Market: 11

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: S 7Th St
  • Street Number: 63
  • Street Direction: From Garden State Parkway take exit 145 to I-280 e
  • Floor Number: 0
  • Longitude: W75° 48' 20''
  • Latitude: N40° 44' 48.9''
  • Internet Display Address: No
Property