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Eric DeSilva

eric.desilva@exprealty.com +1(973) 542-9302

$ 650,000

Est. payment -/mo

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Under Contract

504 N 7Th St Newark City, NJ 07107

4 Beds

2 Baths

4,791 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3999117

Style 3-Three Story

Bedrooms 4

Full Baths 2

Year Built 1940

Annual Tax Amount $10,055

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

Welcome to 506 N 7th St in the heart of Newark a versatile 2-family home offering excellent investment potential , The first floor is occupied by a long-term, reliable tenant, providing immediate rental income. The vacant second floor features beautiful hardwood floors, spacious rooms, 2 bedrooms, and exclusive access to a full walk-up attic, perfect for storage or future expansion possibilities.Outside, enjoy a 2-car detached garage and a private yard area. The property is ideally located near schools, shopping centers, houses of worship, and the world-famous Branch Brook Park, known for its cherry blossoms, walking trails, and year-round recreation. Commuters will appreciate the proximity to NJ Transit bus lines, light rail, and major highways, offering quick access to Downtown Newark, universities, and NYC.Whether you're an investor or an owner-occupant, 506 N 7th St delivers convenience, charm, and opportunity in one of Newark's most vibrant neighborhoods.

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Smoke Detector, Wood Floors

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, Electric, Gas In Street

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by KELLER WILLIAMS CITY VIEWS REALTY

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

North Star Academy Charter Schools of Newark

Public | KG - 12
9

Maria Varisco Rogers Charter School

Public | KG - 8
8

Ridgewood Avenue School

Public | 3 - 6
8

Robert Treat Academy Charter School

Public | KG - 8
8

Belleville Ps9

Public | KG - 5
7

Pride Academy Charter School

Public | 5 - 8
7

Washington School

Public | KG - 6
7

Jefferson Elementary School

Public | KG - 5
6

J. Garfield Jackson Sr. Academy

Public | KG - 5
6

Charles H. Bullock School

Public | KG - 5
6

Carteret Elementary School

Public | PK - 6
6

Franklin Elementary School

Public | PK - 6
6

First Avenue Elementary School

Public | PK - 8
6

Branch Brook Elementary School

Public | PK - 4
6

Belleville Ps10

Public | KG - 6
6

Park Elementary School

Public | PK - 8
6

The Gray Charter School

Public | KG - 8
6

Oliver Street Elementary School

Public | PK - 8
6

Lafayette Street Elementary School

Public | PK - 8
5

Langston Hughes Elementary School

Public | PK - 5

Middle Schools 20

9

Science Park High School

Public | 7 - 12
8

Glen Ridge High School

Public | 7 - 12
7

Great Oaks Charter School

Public | 6 - 9
6

East Orange STEM Academy High School

Public | 6 - 12
5

Cicely L. Tyson Community Middle/High School

Public | 6 - 12
5

Arts High School

Public | 7 - 12
4

American History High School

Public | 6 - 12
4

Washington Middle School

Public | 6 - 8
4

Belleville Middle School

Public | 7 - 8
3

Universiy Middle School

Public | 6 - 8
3

Glenfield Middle School

Public | 6 - 8
3

John L. Costley Middle School

Public | 6 - 8
3

Sojourner Truth Middle School

Public | 6 - 8
2

Merit Preparatory Charter School of Newark

Public | 6 - 7
1

Patrick F. Healy Middle School

Public | 6 - 8
1

Eagle Academy

Public | 6 - 7
1

Newark Early College High School

Public | 6 - 10
0

Fast Track Success Academy

Public | 6 - 12
0

Elyon Learning Center Academy

Private | 8 - 12
0

Link Community School

Private | 7 - 8

High Schools 20

10

Technology High School

Public | 9 - 12
8

Bard Early College High School

Public | 9 - 12
6

North 13th St Tech

Public | 9 - 12
6

Bloomfield Tech

Public | 9 - 12
5

Newark Tech

Public | 9 - 12
4

Bloomfield High School

Public | 9 - 12
4

Harrison High School

Public | 9 - 12
4

Kearny High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

East Orange Campus High School

Public | 9 - 12
1

West Side High School

Public | 9 - 12
1

Central High School

Public | 9 - 12
1

Barringer High School

Public | 9 - 12
1

Paulo Freire Charter School

Public | 9 - 10
1

Newark Preparatory Charter School

Public | 9 - 10
1

Belleville High School

Public | 9 - 12
1

East Side High School

Public | 9 - 12
0

Newark Bridges High School

Public | 9 - 12
0

Newark Innovation Academy

Public | 9 - 12

School and business data provided by Attom Data.