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$799,000
Est. payment /mo
7 Beds
4 Baths
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3978548
Style 3-Three Story
Bedrooms 7
Full Baths 4
Annual Tax Amount $9,283
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
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)
Location
State NJ
County Essex
Zoning C-1
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick, Stucco
Utilities Available All Underground
Roof Type Flat
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by DIAS & ASSOCIATES REALTY