297 S 7Th St, Newark City, NJ 07103
297 S 7Th St, Newark City, NJ 07103
297 S 7Th St, Newark City, NJ 07103
297 S 7Th St, Newark City, NJ 07103
297 S 7Th St, Newark City, NJ 07103
297 S 7Th St, Newark City, NJ 07103
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$ 795,000
Est. payment | /mo

4,800 SqFt


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$ 795,000
Est. payment | /mo
Save

4,800 SqFt

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $165

MLS Listing ID 4002283

Year Built 1920

Annual Tax Amount $10,880

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

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.

Location

State NJ

County Essex

Zoning Res

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Flooring Carpeting, Laminate

Equipment Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Listed by MONARCH REALTY & ASSOCIATES

NEARBY SCHOOL & BUSINESS

JJ Elek Realty Co.

+1(732) 634-9100

jjelekrealty@jjelekrealty.com

117 Main Street, Woodbridge, NJ, 07095, United States

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