For Multi Family

42 Seymour Ave,Newark City, NJ 07108-3857

February 10, 2026

Beautiful 3-Family Home with Excellent Income PotentialThis spacious and well-maintained 3-family home features 3 bedrooms in each unit, plus a bonus room on the 2nd and 3rd floors. The property also includes a full finished basement with a full bath and additional rooms ideal for recreation, storage, or flexible use.Each floor offers a very spacious eat-in kitchen, complete with pantries and abundant closet space. Hardwood floors run throughout the home, adding warmth and character. The property is equipped with three furnaces, and the roof and gutters were replaced in July 2025. The basement is heated with electric baseboard heat.Conveniently located near NJT bus lines, Newark Beth Israel Hospital, and just 10 minutes from Newark International Airport, this home is ideal for both homeowners and investors.With strong rental potential, the property can generate close to $7,000 per month in rental income. It will be delivered with two units vacant, offering immediate flexibility for occupancy or rental. Owners are looking to close by April 31.

Property ID:PT-27893667-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 650,000 $

Bedrooms:9

Year Built:9999

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X122

Lot Identifier: 37

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished, Full, Walkout

Acreage: 0.07

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 12

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: TBD

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

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 3

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: 9999

Unit 1 Rent: 9999

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

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: 4

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: 9999

Unit 2 Rent: 9999

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

Unit 2 Security Deposit: 9999

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

Unit 3 Levels: 3

Unit 3 Rooms: 4

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: 9999

Unit 3 Rent: 9999

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

Unit 3 Security Deposit: 9999

Color of Building: white

Block Identifier: 2657

County Number: 16

Town Number: 1614

Color of Building: white

Easement: Unknown

Parking/Driveway Description: On-Street Parking

Block Identifier: 2657

County Number: 16

Town Number: 1614

Possession: TBD

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: No

Tax ID For Property: 1614-02657-0000-00037-0000-

Tax Amount: $5,213.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $12,200.00

Building Assessment: $124,900.00

Total Assessment: $137,100.00

FHA Age Restricted: No

Utilities

Water Heater: From Furnace

Heat Source: Gas-Natural

Heat System: Baseboard - Hotwater

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Gas In Street

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Listing Details

42 Seymour Ave,Newark City, NJ 07108-3857

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