For Multi Family

360 New St,Newark City, NJ 07103-2887

December 17, 2025

Beautiful, well-maintained legal 3-family property located in one of Newark?s most desirable areas. This unique, recently renovated home features three identically designed units, each offering two spacious bedrooms, a comfortable living room, an eat-in kitchen, and a full bathroom.The property also includes a full basement, offering potential for additional use or customization (buyer to perform due diligence; subject to all municipal approvals).Ideally situated near major institutions and transportation, this property is approximately 0.6 miles from University Hospital, 1 mile from Rutgers Medical School, 0.3 miles from NJIT, 1.4 miles from Prudential Center, 1.6 miles from Newark Penn Station, and just 10 miles from New York City.Whether you?re seeking an investment opportunity, owner-occupant potential, or convenient access to key destinations, this property offers location, versatility, and long-term value.

Property ID:PT-19788457-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 689,999 $

Bedrooms:6

Year Built:1900

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X106.6

Lot Identifier: 22

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2023

Basmnt/Desc: Yes - Full, Unfinished

Acreage: 0.06

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 15

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 999

Unit 1 Rent: 1850

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 1 Security Deposit: 1850

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Refrigerator, Satellite Dish/Antenna, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 999

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Appliances/Equipment: Satellite Dish/Antenna, Security System, Smoke Detector

Unit 3 Levels: 3

Unit 3 Rooms: 5

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 999

Unit 3 Rent: 1750

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Security Deposit: 1780

Block Identifier: 429

County Number: 16

Town Number: 1614

YB/Desc: 1900 - Approximate, Renovated

Easement: No

Parking/Driveway Description: Off-Street Parking

Block Identifier: 429

County Number: 16

Town Number: 1614

Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 99999

Net Operating Income: 99999

Tax ID For Property: 1614-00429-0000-00022-0000-

Tax Amount: $10,530.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $21,700.00

Building Assessment: $255,200.00

Total Assessment: $276,900.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units, Baseboard - Hotwater

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Available

Utilities: All Underground

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Listing Details

360 New St,Newark City, NJ 07103-2887

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