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 seperate 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.
295 S 7Th St, Newark City NJ 07103-2463
Property City
Newark City
Property Price
$795,000
Bedrooms
12
Year Built
9999
Tax Annual Amount
$10880
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
Lot Size Area
0.11
MLS Status
Active
MLS #
4001324
Yearly Tax Rate
3.803
Year Built (*numeric)
9999
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
8
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
0
Heating
4+ Units
Lot Size Dimensions
56.10 X 86.4
Data import from
GSMLS
