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$ 660,000
Est. payment | /mo
8 Beds
4 Baths
4,294 SqFt
$ 660,000
Est. payment | /mo
8 Beds
4 Baths
4,294 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,294 sqft
Price per Sqft $153
MLS Listing ID 4008183
Style Triplex
Bedrooms 8
Full Baths 4
Year Built 1877
Annual Tax Amount $5,970
Tax Year 2025
Lot Size 1,306 Sqft
Property Description
This exceptional three-family property in Newark represents a premier investment or owner-occupant opportunity. Unit 3 is vacant, and you can buy this cash flowing property with only $24,500 down payment! The building features three spacious residential units complemented by a fully finished basement that includes a full bathroom for maximum utility and flexibility. Residents will benefit from a location that places them within a short distance of University Hospital and the city's major academic institutions including NJIT and Rutgers University. The property is ideally situated for effortless commuting with swift access to Newark Penn Station for Manhattan-bound trains as well as the Garden State Parkway and Interstate 280. Local amenities are abundant with the nearby Springfield Avenue Marketplace providing comprehensive shopping options and Branch Brook Park offering sprawling green space just minutes away. This residence combines substantial living space with a strategic location at the center of Newark's educational and medical corridor to ensure long-term value and convenience. Live in one unit and have the tenants pay off the entire mortgage or rent all 3 and cash flow positive over around $2k/month
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Gas-Natural
Roof Type Flat
Building
Sewer Public Sewer
Water Public Water
Architectural Style Triplex
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS VILLAGE SQUARE
NEARBY SCHOOLS & PROPERTIES
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Mariama Diallo
Agent | License ID: 2076339