Multi-Family, Commercial $ 749,000

366 7th Ave W

Newark City, NJ 07107

Open House

Sun May 31, 12:00pm - 2:00pm

  • 9 Beds
  • 4.5 Baths
    Full Baths: 4 Half Baths: 1
  • 6,312 SqFt
  • 3,920 Lot Size
  • 1910 Year Built
Welcome to this expansive legal 3-family property in the heart of Newark offering exceptional upside for investors, contractors, or owner-occupants seeking value-add potential. This spacious multi-family property features a total of 9 bedrooms and 3 full bathrooms across the main residential units, along with an additional finished basement space offering 4 bonus rooms, a full bathroom, a half bath, and a separate entrance providing flexible use potential.Featuring generously sized layouts, high ceilings, abundant natural light, and classic architectural character throughout, the property offers an excellent foundation for renovation. Situated on an oversized fenced-in lot with iron fence enclosure and gated entry, the property also includes a detached 2-car garage, separate utilities, and a large covered front porch adding to the home's curb appeal and presence. With over 6,300 sq ft of property area, this is a rare opportunity to reposition and customize a substantial multi-family asset in one of Newark's rapidly developing areas.Conveniently located near major transportation routes, shopping, schools, parks, and public transit with easy access to NYC commuting options. Property is vacant, requires a full cosmetic renovation, and is being sold strictly as-is. Buyer responsible for all municipal certificates, inspections, and due diligence. Excellent opportunity for investors seeking strong income potential, multi-generational living, or long-term appreciation upside.
Listed by UNITED REAL ESTATE

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family, Commercial

    Listing Status Coming Soon

    Purchase Type For Sale

    Square Footage 6, 312 sqft

    Price per Sqft $118

    MLS Listing ID 4030698

    Style Triplex, Under/Over

    Bedrooms 9

    Full Baths 4

    Half Baths 1

    Year Built 1910

    Annual Tax Amount $8,441

    Tax Year 2025

    Lot Size 3,920 Sqft

  • Location

    State NJ

    County Essex

  • Rooms

    Basement Finished, Full

  • Building

    Sewer Public Sewer

    Water Public Water

    Architectural Style Triplex, Under/Over

  • Interior

    Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

    Heating Gas-Natural

    Cooling None

    Heat Source Gas-Natural

  • Exterior

    Exterior Feature Vinyl Siding

    Parking Features Detached Garage

    Garage Spaces 2.0

    Utilities Available All Underground

    Roof Type Asphalt Shingle, Flat

  • Others

    Senior Community No

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CONTACT

Will Helfricht
Will Helfricht

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