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295 S 7Th St,Newark City, NJ 07103-2463 | Wright Home Realty

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+01-123-4567

Listing Details

295 S 7Th St,Newark City, NJ 07103-2463

  • December 20, 2025

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.

Details

Last Updated On: December 20th, 2025 at 8:25 am
Property ID:PT-20554104-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 795,000 $
Bedrooms:12
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 56.10 X 86.4
Lot Identifier: 17
Lot Description: Corner
Lot Identifier: 17

Home Details

Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Unfinished
Acreage: 0.11
Total Baths: 5.00
Unit Style: Fourplex
Number of Units: 4
Rooms: 20
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: IMMED
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 5
Unit 1 Beds: 3
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 Rent: 1600
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Unit 1 Security Deposit: 1600
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 2 Levels: 1
Unit 2 Rooms: 5
Unit 2 Beds: 3
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 Rent: 1600
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Unit 2 Security Deposit: 1600
Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 3 Levels: 1
Unit 3 Rooms: 3
Unit 3 Beds: 2
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Handicap: No
Unit 3 Rent: 1300
Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 3 Security Deposit: 1300
Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 4 Levels: 1
Unit 4 Rooms: 4
Unit 4 Beds: 2
Unit 4 Baths: 1.0
Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Unit 4 Handicap: No
Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Block Identifier: 269
County Number: 16
Town Number: 1614
Easement: Unknown
Parking/Driveway Description: None, On-Street Parking
Block Identifier: 269
County Number: 16
Town Number: 1614
Possession: IMMED

Taxes, Fees & Assessments

Gross Operating Income: 9999
Net Operating Income: 9999
Expense Include: Cold Water, Insurance, Maintenance, Taxes
Tax ID For Property: 1614-00269-0000-00017-0000-
Tax Amount: $10,880.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $33,000.00
Building Assessment: $253,100.00
Total Assessment: $286,100.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Electric, Gas-Natural
Heat System: 4+ Units
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural
Services: Cable TV Available

Features

  • Carbon Monoxide Detector
  • Carriage House
  • Fire Extinguisher
  • Open Porch(es)
  • Privacy Fence
  • Smoke Detector
  • Storm Window(s)

Statistics

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