For Multi Family

232 2nd St,Newark City, NJ 07107-3208

April 27, 2026

This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you’re looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark’s continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don’t miss your chance to secure a multi-family home that works for you! Property is being sold “AS IS.”

Property ID:PT-38772856-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 789,999 $

Bedrooms:9

Year Built:1900

Listing Details

Status: Active

Location

County: Essex

Lotsize: 37.50 X 100

Lot Identifier: 25.01

Lot Description: Level Lot

Lot Identifier: 25.01

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.09

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 17

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: As soon as pos

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

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 3

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living Room

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer

Unit 2 Levels: 1

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Kitchen, Laundry Room, Living Room

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer

Unit 3 Levels: 1

Unit 3 Rooms: 5

Unit 3 Beds: 3

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Room Description: Bedrooms, Kitchen, Laundry Room, Living Room

Garage Description: Detached Garage

Number of Garage Spaces: 2

Block Identifier: 1911.01

County Number: 16

Town Number: 1614

YB/Desc: 1900 - Unknown

Easement: No

Parking/Driveway Description: 1 Car Width

Block Identifier: 1911.01

County Number: 16

Town Number: 1614

Possession: As soon as pos

Taxes, Fees & Assessments

Expense Include: Cold Water, Insurance, Maintenance, Taxes

Tax ID For Property: 1614-01911-0001-00025-0001-

Tax Amount: $10,529.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $20,300.00

Building Assessment: $243,000.00

Total Assessment: $263,300.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 3 Units

Cool System: 1 Unit

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Other

Zoning: Residential

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Listing Details

232 2nd St,Newark City, NJ 07107-3208

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