Newark NJ Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
3,600
Status:
Active
Beds:
9
Lot size:
0.07 Acres
Year built:
2024
Baths:
6.00
MLS#:
3885641
Subdivision:
NORTH NEWARK

ADDITIONAL INFORMATION

WELCOME TO THIS 18-ROOM 3-FAMILY RESIDENTIAL COMPLEX TO BE BUILT IN NORTH NEWARK! MOST SIGNIFICANT, THIS HOUSE HAS NOT BEEN BUILT. THE 3-FAMILY RESIDENTIAL COMPLEX WILL BE BUILT AND COMPLETED WITHIN THE NEXT 180 DAYS; HOWEVER, YOU CAN PURCHASE THE 3-FAMILY WITH A 203-K REHAB MORTGAGE LOAN TO BE USED TO COMPLETE THE CONSTRUCTION OF THE COMPLEX. ADDITIONALLY, YOU WILL HAVE A RENTAL INCOME OF FIVE THOUSAND DOLLARS PER MONTH! SIXTY THOUSAND [$60,000] PER YEAR TO BE USED TO HELP MAKE THE MORTGAGE PAYMENTS. THE 3-FAMILY HOUSE WILL HAVE HARDWOOD FLOORS IN ALL THREE UNITS, CARPETING IN ALL BEDROOMS, AND MARBLE FLOORS IN ALL BATHROOMS,! CENTRAL AIR & HEATING IN ALL THREE UNITS! NEW KITCHEN CABINETS! SPACIOUS FORMAL LR, DR, 9 BEDROOMS, FULLY EQUIPPED WITH TOP-OF-LINE APPLIANCES, INCLUDING A SUB-ZERO REFRIGERATOR & VIKING RANGES COMPLEMENTED BY GRANITE COUNTERS AND CENTER ISLAND W/ BREAKFAST BAR. THE STUNNING DINING AREA WITH SLIDER DOORS LEADING TO THE MAINTENANCE-FREE DECK, WHICH IS PERFECT FOR ENJOYING THE VERY PRIVATE, TRANQUIL, FULLY FENCED-IN BACKYARD! OPEN CONCEPT FLOOR PLANS! THE HOUSE WILL CONSIST OF A SPACIOUS & LUXURIOUS MBR SUITE IN EACH UNIT, A WALK-IN CLOSET, A THREE-CAR GARAGE, AND A VERY BEAUTIFUL HOME OFFICE TO OFFER FLEXIBILITY & FUNCTIONALITY FOR TODAY'S WORK-FROM-HOME LIFESTYLE! PUBLIC WATER & SEWER! DON'T MISS THE CHANCE TO CALL THIS METICULOUSLY CRAFTED 3 FAMILY RESIDENCE YOUR NEW HOME, WHERE COMFORT, STYLE, AND FUNCTIONALITY CONVERGE SEAMLESSLY!

Type:
Multi-Family
Sq.Ft.:
9,370
Status:
Active
Beds:
14
Lot size:
0.21 Acres
Year built:
1910
Baths:
8.00
MLS#:
22401627

ADDITIONAL INFORMATION

Amazing INVESTMENT opportunity!!! Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings! This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths. With creative TLC you can upgrade this home to 20th century vibes. As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back. BONUS: Vacant buildable lot attached!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
23023396

ADDITIONAL INFORMATION

Opportunity for new construction development mix unit in the North ward economic development zone. Existing structure is commercial & can be converted to mix use residential zoning with variance approval. Attractions are as follows, close to NJ Transit Light Rail System offering a 14 minute ride to Newark Penn Station, historic Branch Brook park with an annual cherry blossom festival, Branch Brook tower will be the first 40 floor building luxurious building to ever be built within the city of Newark within a minute walking distance & one mile from public golf course. Location also is zoned for a possible liquor license Upon inquiry information can be furnished to assist with liquor license. Additionally other features include adjacent towns, Belleville, Nutley & Clifton.

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Andrea Conner, License 1758875, Xome Inc., License 2326449, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in Purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Andrea Conner, License 1758875, Xome Inc., License 2326449, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067

All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Monmouth County MLS


Andrea Conner, License 1758875, Xome Inc., License 2326449, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of NJMLS. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Some properties listing with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date Updated: {{last updated}}
Source: New Jersey Multiple Listing Service, INC.

©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.



Newark Real Estate

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 07107 has a population of 306,247. Newark 07107 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 07107 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 07107 is 34.7 years.

Newark Weather

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.

Newark Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    59
    30-day change

Newark Schools and Demographics

Education near Newark, NJ

Metric City County
High School Graduates 76.98 86.67
College Degree - 2 year 5.88 6.13
College Degree - 4 year 15.98 36.65
Graduate Degree 3.42 10.56
Expenditures per Student 26,449 26,449
Students per Teacher 13.6 13.6

Elementary Schools near Newark, NJ

School Grades Students P/T Ratio ZIP
Abington Avenue School PK - 08 663 12.8 07107
Dr. William H Horton Elementary School KG - 08 700 13.5 07107
Edward T. Bowser SR. School of Excellence PK - 05 657 12.2 07017
First Avenue School PK - 08 1,009 15.1 07107
Luis Munoz Marin Elementary School PK - 08 842 12.8 07104
McKinley PK - 08 841 11.2 07104
Park Elementary School PK - 08 763 14.4 07104
Rafael Hernandez School PK - 08 634 15.1 07104
Robert Treat Academy Charter School KG - 08 625 13.1 07104
Roseville Community Charter School KG - 04 320 11.4 07107
Sussex Avenue School Burnet Street School PK - 08 451 13.3 07107

Middle Schools near Newark, NJ

School Grades Students P/T Ratio ZIP
Bragaw Avenue School KG - 08 300 10.9 07104
John L. Costley Middle School 06 - 08 480 9.8 07017
Patrick F. Healy Middle School 06 - 08 399 9.3 07017
Sojourner Truth Middle School 06 - 08 408 9.7 07017

High Schools near Newark, NJ

School Grades Students P/T Ratio ZIP
Barringer Academy of S.T.E.A.M. 09 - 12 606 9.9 07104
Barringer Arts High School 09 - 12 537 10.1 07104
Cicely L. Tyson Community Middle/High School 06 - 12 764 9.3 07017
East Orange Campus High School 09 - 12 1,632 12.3 07017
East Orange Stem Academy High School 06 - 12 574 11 07017

Ungraded Schools near Newark, NJ

School Grades Students P/T Ratio ZIP
* Essex RGC 09 - 12 21 07107
* North 13th St. Tech 09 - 12 686 11.7 07107
Essex Regional School UG - UG 0 07107

Demographics near Newark, NJ 07107

Metric Zip Code City
Neighborhood Type Inner City
Population 306,247 852,720
Population Density 12,684 6,763
Median Age 34.7 37.8
People per Household 2.7 2.7
Median Household Income 41,335 67,826
Average Income per Capita 22,194 42,028