$630,000
SOLD AUG 15, 2025

587 Doctor Martin Luther King Junior Blvd Newark, NJ 07102

Springfield-Belmont Neighborhood
6 Beds
3 Baths
-- Sq Ft
-- Built

Recently Sold

41 Days on Market

About This Home

As of August 2025

This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major redevelopment, just minutes from the Prudential Center, top restaurants, shopping, schools, Newark Penn Station, colleges, hospitals, and a vibrant downtown. There's also easy access to major highways, public transit, and Newark Airport. This is your chance to join the New Newark renaissance. Act now!

Last Agent to Sell the Property

Moshe Wigder

TWRG Realty Group/The World Realty Group Listed on: 05/18/2025

Last Buyer's Agent

Malgorzata Bober

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,750

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Laundry in Basement

Listing and Financial Details

  • Legal Lot and Block 53 / 2507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,750

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (908) 355-1717
  • MLS Status: Sold - Sold
  • Directions: Between Court & Mercer
  • Architectural Style: 3 Family
  • Year Built Details: 1970's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Tax Info

  • Tax Annual Amount: 5750.0
  • Tax Block: 2507
  • Tax Lot: 53

Range of Values:

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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 Change Sq Ft Price
08/15/2025 08/15/25 Sold $630,000 0.0% --
06/28/2025 06/28/25 Pending -- -- --
05/18/2025 05/18/25 For Sale $630,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Moshe Wigder

    Seller's Agent in 2025

    Moshe Wigder

    TWRG Realty Group/The World Realty Group

    (908) 355-1717

    2 in this area

    39 Total Sales

    Moshe Wigder
    Section Image
  • Malgorzata Bober

    Buyer's Agent in 2025

    Malgorzata Bober

    EXP Realty, LLC

    (908) 884-0969

    2 in this area

    34 Total Sales

    Malgorzata Bober
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 25016814

New Jersey MLS
New Jersey Essex County Newark 07102 Springfield-Belmont

587 Doctor Martin Luther King Junior Blvd, Newark, NJ

This home is located at 587 Doctor Martin Luther King Junior Blvd, Newark, NJ 07102 and is currently priced at $630,000. 587 Doctor Martin Luther King Junior Blvd is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Oliver Street School, and Cleveland Elementary School.

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.

New Jersey MLS 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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