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$ 850,000
Est. payment /mo
New
200 Eastern Pkwy Newark City, NJ 07106
8 Beds
5 Baths
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $236
MLS Listing ID 4035987
Style Fourplex
Bedrooms 8
Full Baths 5
Year Built 1932
Annual Tax Amount $9,993
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Positioned in Newark?s highly desirable Ivy Hill neighborhood, just steps from Seton Hall University, this 4-family property, with 8 bedrooms and 5 full baths, presents a rare opportunity for investors and owner-occupants alike. Enjoy convenient access to the lifestyle and amenities of South Orange Village and the greater SOMA community?without the premium price tag. Commuters will appreciate the nearby train service providing easy access to New York City. What sets this property apart? Aside from low property taxes and four income-producing units, the home features a finished basement with three additional rooms and a full bathroom, offering valuable flexibility and potential. The building is equipped with separate gas and electric meters, separate and new hot water heaters, and three out of four newer boilers, providing operational efficiency and ease of management. The property offers long-term investment potential with strong upside. Whether you're seeking immediate cash flow, future appreciation, or a combination of both, this asset checks all the boxes for a buy-and-hold strategy. The property also includes four garages and long driveway, providing additional value and income potential. Property and garages are being conveyed in as-is condition.
Location
State NJ
County Essex
Rooms
Basement Finished, Walkout
Interior
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding, Brick
Parking Features Detached Garage
Garage Spaces 4.0
Utilities Available All Underground
Roof Type Flat, Rubberized
Building
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Others
Senior Community No
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