$799,000

Estimated payment $4,981/month

Total Views 3,901
7 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Discover a rare gem in Newark's North Ward: an income-producing, four-unit property featuring a ground-floor unit with commercial potential. Currently, fully occupied, this asset offers immediate cash flow. The first floor tenant will vacate soon, presenting a valuable opportunity to convert the space into high-demand commercial use or retain as residential. Situated near light rail and NJ Transit bus lines- steps from Newark Penn Station- and surrounded by high foot and vehicle traffic, the location ensures excellent visibility and accessibility for both renters and customers. Ideal for sophisticated investors or owner-occupiers seeking to live in one unit and rent others. This property is within C-1 zoning ( Commercial-neighborhood). Please do your own due diligence. One of the units is in the back (rear unit)

Listing Agent

Esther Guerra

DIAS & ASSOCIATES REALTY Brokerage Phone: 973-751-1552 Listed on: 07/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,283

Year Renovated

  • 2024

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Underground Utilities
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • Net Operating Income $61,640

Listing and Financial Details

  • Assessor Parcel Number 1614-00597-0000-00045-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,283

Year Renovated

2024

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built Description: Unknown
  • County Name: Essex
  • Exclusions: Tenant's belongings.
  • Directions: Bloomfield Avenue., to N. 6TH.
  • I D: 5375354
  • Attribution Contact: 973-751-1552
  • MLS Status: Active
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
  • Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Brick, Stucco
  • Roof Description: Flat

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: 4+ Units
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 24.10X100
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06
  • Zoning: C-1

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9283
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-00597-0000-00045-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
07/31/2025 07/31/25 For Sale $799,000 -- --
Source: Garden State MLS

Source: Garden State MLS

MLS Number: 3978548

Garden State MLS