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Michelle Burroughs

michellesellshomes@mbarealtor.com +1(908) 224-0499

$ 749,000

Est. payment -/mo

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Coming Soon

366 7th Ave W Newark City, NJ 07107

9 Beds

4.5 Baths

6,312 SqFt

Open House

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

UPDATED:

Key Details

Property Type Multi-Family

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

Property Description

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.

Location

State NJ

County Essex

Rooms

Basement Finished, Full

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

Building

Sewer Public Sewer

Water Public Water

Architectural Style Triplex, Under/Over

Others

Senior Community No

Listed by UNITED REAL ESTATE

Michelle Burroughs

366 7th Ave W Newark City, NJ 07107

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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366 7th Ave W