163 S 7th St Newark, NJ 07103
Fairmount NeighborhoodEstimated payment $3,639/month
About This Home
Don't miss this incredible opportunity to own an updated three-family property in Newark with strong income-generating potential. Perfect for both investors and owner-occupants, this versatile home allows you to live in one unit while collecting rental income from the others. Take advantage of the flexibility, steady rental demand, and option to customize your investment or new home. The property also features a private backyard, providing outdoor space to relax and enjoy. Ideally located near shopping, dining, schools, and multiple transportation options, this home ensures convenience and accessibility, making it highly attractive for renters and owners. Whether you're a first-time investor, expanding your portfolio, or looking for a home that can help pay for itself, this is a must-see opportunity.
Listing Agent
WEST OF HUDSON REAL ESTATE Brokerage Phone: 973-337-6035 Listed on: 09/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,959
Lot Details
- 2,614 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- Window Unit Cooling System
- Radiator
Additional Features
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 1614-01799-0000-00013-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,508 | $156,700 | $26,300 | $130,400 |
| 2024 | $11,508 | $156,700 | $26,300 | $130,400 |
| 2023 | $5,854 | $308,700 | $26,300 | $282,400 |
| 2022 | $5,854 | $156,700 | $26,300 | $130,400 |
| 2021 | $5,851 | $156,700 | $26,300 | $130,400 |
| 2020 | $5,955 | $156,700 | $26,300 | $130,400 |
| 2019 | $5,893 | $156,700 | $26,300 | $130,400 |
| 2018 | $5,787 | $156,700 | $26,300 | $130,400 |
| 2017 | $5,579 | $156,700 | $26,300 | $130,400 |
| 2016 | $5,390 | $156,700 | $26,300 | $130,400 |
| 2015 | $5,185 | $156,700 | $26,300 | $130,400 |
| 2014 | $4,859 | $156,700 | $26,300 | $130,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/07/2025 10/07/25 | Pending | -- | -- | -- | |
| 09/12/2025 09/12/25 | For Sale | $599,000 | +178.6% | -- | |
| 08/04/2020 08/04/20 | Sold | $215,000 | +13.2% | $87 / Sq Ft | View Prior Sale |
| 07/19/2019 07/19/19 | Pending | -- | -- | -- | |
| 07/19/2019 07/19/19 | For Sale | $190,000 | +90.0% | $77 / Sq Ft | |
| 08/28/2013 08/28/13 | Sold | $100,000 | -- | $40 / Sq Ft | View Prior Sale |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $208,200 | Madison Settlement Services | |
| Deed | $272,000 | -- | |
| Deed | $170,000 | -- | |
| Deed | $100,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | None Available | |
| Deed | $70,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,000 | Seller Take Back | |
| Previous Owner | $267,073 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $71,000 | FHA |
Source: Garden State MLS
MLS Number: 3986616
APN: 14-01799-0000-00013
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