This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
232 2nd St, Newark City NJ 07107-3208
Property City
Newark City
Property Price
$789,999
Bedrooms
9
Year Built
1900
Tax Annual Amount
$10529
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.09
MLS Status
Active
MLS #
4023520
Yearly Tax Rate
3.999
Year Built (*numeric)
1900
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
1
Basement (*text)
Yes
Cooling (*text)
1 Unit
GarageSpaces
2
Heating
3 Units
Lot Size Dimensions
37.50 X 100
Data import from
GSMLS