For Multi Family

24 N 7Th St,Newark City, NJ 07107-2919

February 5, 2026

**Prime Lower Roseville Two-Family Home**Excellent income-producing property in Newark’s desirable Lower Roseville section! This well-maintained two-family home offers identical spacious units, each featuring 3 bedrooms, living room, dining area, kitchen, in-unit laundry room, and 2 full bathrooms. Additional highlights include a built-in garage for convenient parking and 2 additional parking spots in front and a versatile bonus recreation room with full bathroom?perfect for entertaining, home gym, or additional living space. Ideal for investors seeking strong rental income or owner-occupants looking to offset their mortgage. Close to schools, shopping, public transportation, and major highways. Don’t miss this opportunity in one of Newark’s most sought-after neighborhoods!

Property ID:PT-27251590-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 799,999 $

Bedrooms:6

Year Built:2007

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X102

Lot Identifier: 24

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished, Slab

Acreage: 0.06

Total Baths: 5.00

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 15

Easement/Desc: Unknown

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At Closing

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

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 3

Unit 1 Baths: 2.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 2300

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

Unit 1 Security Deposit: 2200

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

Unit 2 Levels: 2

Unit 2 Rooms: 7

Unit 2 Beds: 3

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: 9999

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

Garage Description: Built-In Garage

Number of Garage Spaces: 1

Block Identifier: 1873

County Number: 16

Town Number: 1614

YB/Desc: 2007 - Approximate

Easement: Unknown

Parking/Driveway Description: 2 Car Width

Block Identifier: 1873

County Number: 16

Town Number: 1614

Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 55200

Net Operating Income: 40200

Tax ID For Property: 1614-01873-0000-00024-0000-

Tax Amount: $7,742.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $21,300.00

Building Assessment: $182,300.00

Total Assessment: $203,600.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

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Listing Details

24 N 7Th St,Newark City, NJ 07107-2919

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