For Multi Family

564 Broadway,Newark City, NJ 07104-4131

October 9, 2025

GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.

Property ID:PT-1812897-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 865,000 $

Bedrooms:7

Year Built:1920

Listing Details

Status: Active

Location

County: Essex

Lotsize: 27.3X104.6

Lot Identifier: 63

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished

Acreage: 0.07

Total Baths: 4.00

Number of Units: 4

Rooms: 17

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: TBD

Unit 1 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas

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 Lease Expire: 2026-07-31

Unit 1 Rent: 1400

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

Unit 2 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas

Unit 2 Levels: 2

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Lease Expire: 2025-12-31

Unit 2 Rent: 1400

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

Unit 3 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas

Unit 3 Levels: 3

Unit 3 Rooms: 5

Unit 3 Beds: 2

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Lease Expire: 2025-12-31

Unit 3 Rent: 1600

Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 4 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas

Unit 4 Levels: 4

Unit 4 Rooms: 3

Unit 4 Beds: 1

Unit 4 Baths: 1.0

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

Unit 4 Handicap: No

Unit 4 Lease Expire: 2025-12-31

Unit 4 Rent: 1175

Unit 4 Room Description: Bedrooms, Kitchen, Living/Dining Room

Block Identifier: 679

County Number: 16

Town Number: 1614

YB/Desc: 1920 - Approximate

Easement: Unknown

Parking/Driveway Description: None

Block Identifier: 679

County Number: 16

Town Number: 1614

Possession: TBD

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air, Radiators - Hot Water

Cool System: 1 Unit, Central Air, Wall A/C Unit(s), Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Taxes, Fees & Assessments

Tax ID For Property: 1614-00679-0000-00063-0000-

Tax Amount: $6,514.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2024

Land Assessment: $23,700.00

Building Assessment: $147,600.00

Total Assessment: $171,300.00

FHA Age Restricted: No

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Listing Details

564 Broadway,Newark City, NJ 07104-4131

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