For Multi Family

239 S 8th St,Newark City, NJ 07103-3681

February 4, 2026

This exceptional three-family property in Newark represents a premier investment or owner-occupant opportunity. Unit 3 is vacant, and you can buy this cash flowing property with only $24,500 down payment! The building features three spacious residential units complemented by a fully finished basement that includes a full bathroom for maximum utility and flexibility. Residents will benefit from a location that places them within a short distance of University Hospital and the city’s major academic institutions including NJIT and Rutgers University. The property is ideally situated for effortless commuting with swift access to Newark Penn Station for Manhattan-bound trains as well as the Garden State Parkway and Interstate 280. Local amenities are abundant with the nearby Springfield Avenue Marketplace providing comprehensive shopping options and Branch Brook Park offering sprawling green space just minutes away. This residence combines substantial living space with a strategic location at the center of Newark?s educational and medical corridor to ensure long-term value and convenience. Live in one unit and have the tenants pay off the entire mortgage or rent all 3 and cash flow positive over around $2k/month

Property ID:PT-27130788-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 660,000 $

Bedrooms:8

Year Built:1877

Listing Details

Status: Active

Location

County: Essex

Lotsize: 1711.91

Lot Identifier: 7

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished

Acreage: 0.03

Total Baths: 4.00

Unit Style: Triplex

Number of Units: 3

Rooms: 22

Easement/Desc: Unknown

Exterior Description: Brick

Roof Description: Flat

Possesion: At Signing

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: 954

Unit 1 Rent: 9999

Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom

Unit 1 Security Deposit: 9999

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

Unit 2 Levels: 2

Unit 2 Rooms: 6

Unit 2 Beds: 3

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: 954

Unit 2 Rent: 9999

Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom

Unit 2 Security Deposit: 9999

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

Unit 3 Levels: 3

Unit 3 Rooms: 6

Unit 3 Beds: 3

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: 954

Unit 3 Rent: 9999

Unit 3 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom

Unit 3 Security Deposit: 9999

Block Identifier: 1781

County Number: 16

Town Number: 1614

YB/Desc: 1877 - Approximate

Easement: Unknown

Parking/Driveway Description: On-Street Parking

Block Identifier: 1781

County Number: 16

Town Number: 1614

Possession: At Signing

Taxes, Fees & Assessments

Gross Operating Income: 79200

Net Operating Income: 69000

Tax ID For Property: 1614-01781-0000-00007-0000-

Tax Amount: $5,970.00

Tax Year: 2025

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $23,500.00

Building Assessment: $125,800.00

Total Assessment: $149,300.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units, Baseboard - Hotwater

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

239 S 8th St,Newark City, NJ 07103-3681

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