2 Family house with separate utilities. Hardwood floor thru the house, new bathrooms. 2 units central heat/ ACDelivered vacant
Incredible investment opportunity in the heart of Newark, where a major development boom is driving real estate prices upward. This spacious three-family property features large apartments, each boasting over 1,500 sq ft of living space. Additionally, the property includes a two-car garage and plenty of parking, adding to its appeal.Enjoy stable cash flow with long-term tenants and unlock even greater potential with short-term rentals like Airbnb, thanks to its prime location just 10 minutes from Newark Liberty International Airport. Benefit from Newark's rapid transformation with new businesses, cultural spots, and infrastructure projects revitalizing the area.
This incredible investment opportunity is located in the heart of downtown Newark, an area undergoing a major development boom that is driving real estate prices upward. Surrounded by extensive redevelopment, this property holds unlimited potential. Situated in Newark's historic downtown district, it is near the Prudential Center, shopping centers, restaurants, and both public and charter schools. Just minutes from Newark Penn Station, major highways, public transportation, and Newark Airport, this location offers unparalleled convenience. Be part of the New Newark renaissance and make this beauty your own. With its proximity to schools, colleges, hospitals, and a bustling downtown filled with great eateries, this property presents a unique chance to invest in a vibrant and rapidly evolving community. Opportunity is knocking! now might be your time. Make an offer!
The median home value in Newark, NJ is $385,700. This is lower than the county median home value of $498,800. The national median home value is $338,100. The average price of homes sold in Newark, NJ is $385,700. Approximately 21.1% of Newark homes are owned, compared to 69.8% rented, while 9.11% are vacant. Newark real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newark real estate agent to arrange a tour today!
Newark, New Jersey 07102 has a population of 306,247. Newark 07102 is less family-centric than the surrounding county with 21.55% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in Newark, New Jersey 07102 is $41,335. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in Newark 07102 is 34.7 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.1 inches of snow per year.