Unlock your investment potential with this income-generating 4-family property, complete with a fully finished basement. (3) 2 bed 1 bath apartments and (1) 3 bed 1 bath apt.Do not miss this great Opportunity!
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.
Great investment Large four family.
Legal 3 Family in a prime location in the Ironbound, this gem is within close proximity to Newark Penn Station & all the Ironbound has to offer. Renovations were made in 2022 which includes finished basement with a full bath
The median home value in Newark, NJ is $412,500. This is higher than the county median home value of $375,600. The national median home value is $219,700. The average price of homes sold in Newark, NJ is $412,500. Approximately 19.42% of Newark homes are owned, compared to 65.83% rented, while 14.75% 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 has a population of 282,803. Newark is less family-centric than the surrounding county with 22.83% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Newark, New Jersey is $34,826. The median household income for the surrounding county is $57,365 compared to the national median of $57,652. The median age of people living in Newark is 33.6 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 23.4 degrees. The average rainfall is approximately 48.5 inches per year, with 25.9 inches of snow per year.