For Multi Family

295 S 7Th St,Newark City, NJ 07103-2463

December 19, 2025

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.

Property ID:PT-21340558-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 795,000 $

Bedrooms:12

Year Built:9999

Listing Details

Status: Active

Location

County: Essex

Lotsize: 56.10 X 86.4

Lot Identifier: 17

Lot Description: Corner

Lot Identifier: 17

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.11

Total Baths: 5.00

Unit Style: Fourplex

Number of Units: 4

Rooms: 20

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: IMMED

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

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 Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Rent: 1600

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room

Unit 1 Security Deposit: 1600

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

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Rent: 1600

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room

Unit 2 Security Deposit: 1600

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

Unit 3 Levels: 1

Unit 3 Rooms: 3

Unit 3 Beds: 2

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Rent: 1300

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Security Deposit: 1300

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 4 Levels: 1

Unit 4 Rooms: 4

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Block Identifier: 269

County Number: 16

Town Number: 1614

Easement: Unknown

Parking/Driveway Description: None, On-Street Parking

Block Identifier: 269

County Number: 16

Town Number: 1614

Possession: IMMED

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Expense Include: Cold Water, Insurance, Maintenance, Taxes

Tax ID For Property: 1614-00269-0000-00017-0000-

Tax Amount: $10,880.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $33,000.00

Building Assessment: $253,100.00

Total Assessment: $286,100.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Electric, Gas-Natural

Heat System: 4+ Units

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Services: Cable TV Available

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Listing Details

295 S 7Th St,Newark City, NJ 07103-2463

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