295 S 7th St
Newark City, NJ 07103
Price: $795,000
GSMLS: 4001324Type: Multi-Family
Style: Fourplex, See Remarks
Total Units: 4
Beds: 12
Baths: 5 Full
Garage: No
Year Built: Unknown
Acres: 0.11
Property Tax: $10,880
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.
General Info
Style:
Fourplex, See Remarks
SqFt Building:
n/a
Total Rooms:
20
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
56.10 X 86.4
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
n/a
Parking:
None, On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
4+ Units
Heating Fuel:
Electric, Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
Cable TV Available
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$795,000
Tax Amount:
$10,880
Land Assessment:
$33,000
Build. Assessment:
$253,100
Total Assessment:
$286,100
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4001324
List Date:
12-11-2025
Days On Market:
8
Listing Broker:
MONARCH REALTY & ASSOCIATES
Listing Agent:
Khadijah Caesar
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: GlenmontCommons.com
