Listing Details

120 S 7Th St,Newark City, NJ 07107-3750

  • December 19, 2025

Description

Amazing 2 family opportunity! Fully renovated with 3 floors of living space, this turn-key multi family property offers high rental income potential for both owner occupant or investor. The first floor unit includes 3 bedrooms, living room, eat-in kitchen, full bathroom, and en-suite laundry. The 2nd unit is a multi floor space with 5 total bedrooms and 2 full renovated bathrooms, eat-in kitchen, living room, and en suite laundry. 2nd unit also include a cozy back porch that’s perfect for relaxing. There is also a bonus office space on the 3rd floor! The basement is clean, freshly painted and ready to be finished. Recent updates include fully repainted interior, refinished floors, updated kitchens and baths, new central forced air heat, clean and painted basement, updated plumbing and electrical, and a refreshed exterior.

Details

Last Updated On: December 19th, 2025 at 7:27 pm
Property ID:PT-21345126-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 549,900 $
Bedrooms:8
Year Built:1917

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 29 X 118
Lot Identifier: 47
Lot Identifier: 47

Home Details

Open Parking: 0
Basement: Yes
Renovated: 2025
Basmnt/Desc: Yes - Full, Unfinished
Acreage: 0.08
Total Baths: 4.00
Unit Style: 3-Three Story
Number of Units: 2
Rooms: 13
Easement/Desc: Unknown
Exterior Description: Brick, Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: At closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas
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 Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 SqFt: 900
Unit 1 Rent: 999
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room
Unit 1 Security Deposit: 999
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas
Unit 2 Levels: 2
Unit 2 Rooms: 9
Unit 2 Beds: 5
Unit 2 Baths: 2.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 SqFt: 1500
Unit 2 Rent: 999
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room, Storage
Unit 2 Security Deposit: 999
Garage Description: None
Block Identifier: 1810
County Number: 16
Town Number: 1614
YB/Desc: 1917 - Renovated
Easement: Unknown
Parking/Driveway Description: None
Block Identifier: 1810
County Number: 16
Town Number: 1614
Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 999
Net Operating Income: 999
Tax ID For Property: 1614-01810-0000-00047-0000-
Tax Amount: $10,488.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $33,300.00
Building Assessment: $242,500.00
Total Assessment: $275,800.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units, Forced Hot Air
Cool System: None
Water: Public Water
Sewer: Public Available
Utilities: Electric, Gas-Natural

Statistics

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