Description
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
Details
| MLS # | 4033681 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1899 |
| Days On Site | 117 |
| Listing Provided By | EXP REALTY, LLC | PETER BOUTROS |
Features
| Bath(s) | 7 Total |
|---|---|
| Garage | 4 |
| Basement | Y |
Taxes
| Property | 10901 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07104 |
| Area | Essex |
| Listing VS Median (in 07104) | |
Price: $850,000 low | high Med: $464,999 On site: 117 low | high Med: 112 | |
Market Activity 07104
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07104 |
| Area | Essex |
| Listing VS Median (in 07104) | |
Price: $850,000 low | high Med: $464,999 On site: 117 low | high Med: 112 | |
Nearby Listings (Within 1/10 mile)
Price: $637K - $1.62M
sqft: 0 - 0
Listing Updated: October 1, 2026 at 7:57:32 AM PDT