Welcome to Your Ideal Investment Opportunity! 3-family home offering excellent income potential. The first-floor unit features 2 bedrooms, a spacious living room, dining room, kitchen, utility room, and a full bath. The second and third-floor units each offer 3 bedrooms, a living room, dining room, kitchen, and a full bathroom.
Prime Mixed-Use Opportunity on Springfield AvenueWelcome to 492 Springfield Avenue, Newark, NJ a versatile mixed-use property offering a perfect blend of commercial potential and residential income. This well-positioned building features two spacious apartments, each boasting 3 bedrooms and 1 bath, with separate utilities for convenience and flexibility. The ground-level commercial space is ideal for retail, office, or service businesses, benefiting from high visibility on a bustling thoroughfare in the vibrant West Side neighborhood. With its proximity to public transportation, schools, shops, and other amenities, this property is a magnet for both tenants and customers. Situated in an area of growth and development, it presents a unique opportunity for investors, business owners, or those seeking a live-work space. Don't miss your chance to own a high-potential property in the heart of Newark!
Money-making three family property on a quiet block. 7 bedrooms and 3 full baths spread over three levels. Top unit is a 1 bedroom FULLY FURNISHED 1bathroom renovated apartment. Second unit is a renovated nice sized 3 or 4 bedroom setup. Lovely open design with a custom feel. Ample storage and a washer/dryer hookup right in the unit. First floor is a 3 bedroom 1 bath space that is ready to be updated for maximum returns. Basement is the full length of the property with a separate walkout. Two car detached garage and blacktop offer ample parking. Located across from KIPP Life Academy with easy access to transportation and highways. Ideal for new or seasoned investors! Sold AS IS.
Lovely 2 family home with 3 bedrooms & two bathrooms each unit, LR/DR,EIK, 1st floor unit has a basement with a half bath, laundry facilities, 2 car garage, nice back yard. Property is fenced in. Each unit has master bedroom with walk-in closet & full bath with tub/shower. Good for owner occupied
Located in North Newark, this three-family home is conveniently close to public transportation, major highways, shops, and schools. Renovated recently completely, the property is in pristine condition and ready for immediate occupancy. Great income potential, Easy NYC commute. Simply move in and enjoy!
Welcome to this newly and impeccable 2 Family home built in 2023 with built-in garage, central air conditioning, and hardwood floors/ceramic tile throughout. Finished basement with separate entrance, additional room lots of storage space, summer Kitchen and a full bathroom. Property comes with the 10-year warranty for new construction against major structural defects (9 years left). Tax abatement in place, 4 years left. Tax is estimated, buyers to do their diligence to confirm current tax amount. The whole house will be delivered vacant at closing.
The median home value in Newark, NJ is $420,000. 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 $420,000. 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 has a population of 306,247. Newark is less family-centric than the surrounding county with 22.75% 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 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 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.