REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 549,000
Est. payment /mo
Under Contract
37 Blum St Newark City, NJ 07103
7 Beds
3 Baths
2,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $211
MLS Listing ID 4009953
Style 2-Two Story
Bedrooms 7
Full Baths 3
Year Built 1909
Annual Tax Amount $11,047
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
Income-Producing Two-Unit Multifamily Newark, NJ Revitalizing Corridor! A well-positioned two-family property offering immediate cash flow potential in one of Newark's most actively developing neighborhoods. Situated on a quiet, low-traffic residential street with strong community infrastructure. Unit 2 is fully approved for Housing Choice Vouchers (Section 8), providing investors with guaranteed, government-backed rental income. Unit 1 is currently in the HCV approval process, positioning this property for a fully voucher-supported, low-vacancy income stream upon completion. New construction nearby signals active neighborhood investment and rising property values. This is a ground-floor opportunity in a submarket undergoing meaningful revitalization ideal for the buy-and-hold investor seeking durable, long-term returns.
Location
State NJ
County Essex
Rooms
Basement Full
Interior
Heating Gas-Natural
Cooling Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
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 EXP REALTY, LLC