Making First-Time Buying Simple

297 S 7Th St

Newark City , NJ 07103

MLS#: 4002283

$795,000

Status: Active
Listing number: 4002283
Listing provided by: MONARCH REALTY & ASSOCIATES
Listing agent phone: None
Last update: 20 days ago
On site: 23 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

N/A

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Baseboard, Natural Gas, Hot Water, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding, Wood Siding

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $795,000

  • Tax Amount

    10880.0

  • Zoning

    Res

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

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Location

County

Essex

Elementary School

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Listing Courtesy of None , MONARCH REALTY & ASSOCIATES

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Patrick Bolger

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(973) 945-9979

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This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

297 S 7Th St

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