$650,000

Estimated payment $4,313/month

4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Welcome to 506 N 7th St in the heart of Newark a versatile 2-family home offering excellent investment potential or multigenerational living. The first floor is occupied by a long-term, reliable tenant, providing immediate rental income. The vacant second floor features beautiful hardwood floors, spacious rooms, 2 bedrooms, and exclusive access to a full walk-up attic, perfect for storage or future expansion possibilities.Outside, enjoy a 2-car detached garage and a private yard area. The property is ideally located near schools, shopping centers, houses of worship, and the world-famous Branch Brook Park, known for its cherry blossoms, walking trails, and year-round recreation. Commuters will appreciate the proximity to NJ Transit bus lines, light rail, and major highways, offering quick access to Downtown Newark, universities, and NYC.Whether you're an investor or an owner-occupant, 506 N 7th St delivers convenience, charm, and opportunity in one of Newark's most vibrant neighborhoods.

Listing Agent

Nicholas Verdi

Keller Williams City Views Realty Listed on: 11/20/2025

Keller Williams City Views Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,555

Lot Details

  • 4,887 Sq Ft Lot
  • Lot Dimensions are 37.6x130

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 15 / 1967

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,555

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • Co List Office Phone: 201-592-8900
  • MLS Status: Active - Active
  • Directions: North 7th Street between Rutledge and 1st Avenue
  • Architectural Style: 2 Family
  • Year Built Details: 1940's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Transaction Broker, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Dimensions: 37.6x130
  • Lot Size Sq Ft: 4887.0

Tax Info

  • Tax Annual Amount: 10555.0
  • Tax Block: 1967
  • Tax Lot: 15

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2025 11/20/25 For Sale $650,000 -- --
Source: New Jersey MLS

Source: New Jersey MLS

MLS Number: 25041456

New Jersey MLS