Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730 to 800K + with projected rents of $2,000 to $2,500 per unit, the property can generate $8,000 to $10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS,"
Investors, don't miss out on this incredible opportunity! Located just minutes away from West Side Park, this property is near newer construction and offers a convenient location with easy access to schools, parks, and public transportation. Don't miss your chance to turn this property into a lucrative investment opportunity in the vibrant West Side neighborhood in Newark, NJ! The property is being sold as-is
Welcome to this 3-Family residence at 413 18th Ave, Newark, NJ. This property presents a unique opportunity for the new home buyers and investors alike. Each unit boasts 3 bedrooms and 1 bathroom each, while offering a spacious layout. First floor unit is completely vacant. Conveniently located, the property provides easy access to a wide array of amenities, including shopping, dining, and entertainment. Close to major highways and minutes away from Newark Liberty International airport. Whether you're an investor or looking for a property with rental income potential, this multi-family home is a must-see. Don't miss the opportunity to make this property yours.
Welcome to the Weequahic Section , this home includes 7 over-sized bedrooms, 4 baths, kitchen, living, and ,dining area with fire places. 3 + Units of living space, each unit has its own entrance, kitchen, and bath. Private driveway , backyard and patio for entertaining , and, a 2- Car Garage. Lastly, this home qualifies for 42k for DOWN PAYMENT ASSISTANCE. HOME IS SOLD AS-IS. APPLIANCES, INCLUDING WASHER, DRYER, DEEP FREEZERS, REFRIGERATORS ARE INCLUDED IN THE SALE. BUYER IS RESPONSIBLE FOR CO AND FIRE . NEWARK TAXES $8928.56. HILLSIDE TAXES : $1121.82.
NICELY UPDATED TWO FAMILY HOME ONLY TWO BLOCKS FROM BRANCH BROOK PARK! FIRST FLOOR APT IS A TWO BEDROOM 1 FULL BATH AND THE SECOND FLOOR APARTMENT IS A 3 BEDROOM WITH 1 FULL BATH. THE UNITS HAVE LOTS OF LIGHT AND VERY HIGH CEILINGS. BOTH UNITS ARE IDENTICAL IN FINISHES. BOTH HAVE A LARGE EAT IN KITCHEN WITH GRANITE COUNTERTOP, DARK WOOD CABINETRY AND STAINLESS STEEL APPLIANCES. BOTH UNITS HAVE A LARGE LIVING ROOM/ DINING ROOM COMBINATION. TILE, WOOD AND VINYL WOOD FLOORING THROUGHOUT. NEW WINDOWS AND NEW VINYL SIDING. THE PROPERTY ALSO HAS A NICE AND PRIVATE BACKYARD. UNFINISHED WALKOUT BASEMENT. WON'T LAST AT THIS PRICE!
Welcome to 188 Ridge Street, a beautifully renovated two-family home located in the heart of Newark, NJ. This updated property offers the perfect blend of modern finishes and classic charm, making it an ideal investment opportunity or multi-generational home. Property Features: Unit 1: Spacious 3-bedroom, 1-bath apartment with an open layout and ample natural light throughout. Unit 2: Well-appointed 2-bedroom, 2-bath apartment with a large, modern kitchen and generous living space. With an additional space in the finished basement, offering plenty of extra rooms and an additional full bathroom. Both apartments have been fully updated with new flooring, kitchens, bathrooms, and fresh paint, ensuring a move-in ready experience for both owners and tenants. Situated in a convenient location with easy access to public transportation, schools, and local amenities, this two-family home is a fantastic opportunity for homebuyers looking to live in one unit while generating rental income from the other. Don't miss out, schedule your showing today!
Under Construction: The remarkably spacious new construction two-family building is located in the Fairmount section of Newark near Rutgers & NJIT University and UMDNJ Hospital. Step inside to a stunning living and dining room featuring a large open plan layout that is perfect for hosting and allows for versatile furniture arrangements. At the heart of each apartment is a beautifully designed gourmet kitchen, equipped with ample countertop space, cabinets, a large island of modern stainless steel appliances, hardwood flooring, and a washer hook-up in both units. Stunning master bedroom with a full bathroom that includes a walk-in closet. The ground floor level features a recreational area with a bathroom and an ideal space for relaxation and entertainment. It has a low-maintenance garden, an in-built garage, and off-street parking for 2 cars. Potential rental income is between $6000-$7000K monthly and great location. 5-year tax abatement & 10 Year Home Warranty. Minutes from Branch Brook Park, Newark Airport, and an easy commute to NYC. Close to transport links to I-280, Garden State Pkwy, neighborhood shops, schools & places of worship. looking for an Ideal for an owner-occupied or an investor sound investment. Please submit your best offer at your first opportunity to avoid any disappointment.
Just Listed! Two-Family Home Perfect for Investors or Homeowners! Two-family home featuring two spacious units, each with 3 bedrooms and 1 bath, offering strong rental potential in a high-demand area. Ideal for investors or homeowners looking to offset costs by renting one unit, with separate utilities for each apartment. Conveniently located near shopping, schools, recreational areas, and major transit options for an easy NYC commute.
This charming multi-family home on 467 Delavan Ave in Newark, NJ was built in 1929 and boasts 3 bathrooms, 2 stories, and a spacious finished area of 2,425 sq.ft. Situated on a 3,125 sq.ft. lot, this property offers plenty of space for end users or investors looking for rental opportunities. With its historical charm and ample living space, this home is a must-see for those seeking a unique property in a convenient location. Deck and Detached 2 car Garage!
DOUBLE LOT . Welcome to this meticulously maintained 3-family home, a perfect opportunity for both homeowners and investors. This property features a thoughtful layout across three units on levels, making it ideal for comfortable living or generating rental income. The property features a large backyard on a double lot.. Conveniently situated just six blocks from the Garden State Parkway, this home offers easy access to major highways, shopping, and dining, making it a prime location for those seeking both comfort and convenience.All units rented and rents are up to date.
This is a commuter's dream, conveniently located at the corner of Downing St and Monroe Street in the Sought-After Ironbound section of Newark, a few short blocks from Newark Penn Station. with "EASY NYC COMMUTE, where a 20-minute train ride will have you in NYC! Everything just steps from your door. Local Restaurants & Ferry Shopping Stores / Nightlife, and recreation options await you in this vibrant and bustling neighborhood. This one-of-a-kind exceptional four-family home. offers an Open-concept floor plan bright and spacious with "lots of natural sunlight each apartment consists of a sizable kitchen Living and Dining Room two bedrooms, and two full baths. Additional features are hardwood floors throughout the apartments, a laundry room, a Bonus Room with A full bath behind the Garage, a Sprinkler System, Central HVAC, Six Car garages with automatic openers, plus an extra parking space Brick Front, Six balconies Don't miss out on this opportunity to live in a vibrant and thriving community
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.