163 S 7th St Newark, NJ 07103
Fairmount NeighborhoodEstimated payment $3,686/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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,959
Home Design
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 13 / 1799
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: New Jersey MLS
MLS Number: 25033312
APN: 14-01799-0000-00013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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