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Eric DeSilva

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

$ 795,000

Est. payment -/mo

Save

Active

295 S 7Th St Newark City, NJ 07103

12 Beds

5 Baths

4,791 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4001324

Style Fourplex, See Remarks

Bedrooms 12

Full Baths 5

Annual Tax Amount $10,880

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with seperate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Heating Electric, Gas-Natural

Cooling Window A/C(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner

Sewer Public Sewer

Water Public Water

Architectural Style Fourplex, See Remarks

Others

Senior Community No

Listed by MONARCH REALTY & ASSOCIATES

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

Robert Treat Academy Charter School

Public | KG - 8
7

Pride Academy Charter School

Public | 5 - 8
6

Lincoln Avenue Elementary School

Public | PK - 7
6

Rosa Parks Community School

Public | PK - 7
6

George Washington School

Public | 5 - 5
6

J. Garfield Jackson Sr. Academy

Public | KG - 5
6

Carteret Elementary School

Public | PK - 6
6

First Avenue Elementary School

Public | PK - 8
6

Branch Brook Elementary School

Public | PK - 4
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

Newark Legacy Charter School

Public | KG - 4
5

Langston Hughes Elementary School

Public | PK - 5
5

George Washington Carver Institute

Public | PK - 5
5

Ecole Toussaint Louverture

Public | PK - 5
5

Johnnie L. Cochran Jr. Academy

Public | KG - 5

Middle Schools 20

9

Science Park 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

Krumbiegel Middle School

Public | 6 - 8
4

University High School

Public | 7 - 12
4

American History High School

Public | 6 - 12
4

Washington Middle School

Public | 6 - 8
3

Union Avenue Middle School

Public | 6 - 8
3

Orange Preparatory Academy

Public | 8 - 9
3

Universiy 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

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
5

Newark Tech

Public | 9 - 12
4

Orange High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

Irvington High School

Public | 9 - 12
1

Weequahic 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

Malcom X Shabazz 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

East Side High School

Public | 9 - 12
0

Career and Innovation Academy of Orange

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.