Properties

Description

This legal three-family property is a rare find in the heart of downtown Newark, a rapidly growing area experiencing a major development boom. Live in one unit and rent out the others for steady rental income while building equity in a thriving community. Surrounded by extensive redevelopment, this property offers unlimited potential in a prime location. Just minutes from the Prudential Center, premier shopping, top-rated restaurants, and both public and charter schools, it provides unmatched convenience. With easy access to Newark Penn Station, major highways, public transit, and Newark Airport, commuting is effortless. Be part of the New Newark renaissance and stake your claim in this dynamic neighborhood. Close to schools, colleges, hospitals, and a bustling downtown scene, this is a unique chance to invest in a high-demand location. Opportunity is knocking answer it today!

Features

  • Heating System : 3 Units
  • Cooling System : Wall A/c Unit(s)
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking Description: On-Street Parking
  • Tax Assessed Valuation: 151200
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: TWRG REALTY GROUP
  • Office MLS ID: 4970
  • Agent ID: 396135
  • Tax: 5750
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$615,000

587 Dr Martin Luther King J, Newark City, *

  • SQFT 18.70 Acre
  • Bedroom 3
  • Built Year 9999

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5338047
  • Price: $615,000
  • Bedrooms: 3
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Unknown
  • Lot Area: 18.70 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Dr Martin Luther King J
  • Street Number: 587
  • Street Direction: Between Court & Mercer
  • Floor Number: 0
  • Longitude: W75° 49' 7.3''
  • Latitude: N40° 43' 59.2''
  • Internet Display Address: No
Property