For Multi Family

59 Beverly St,Newark City, NJ 07108-1039

April 5, 2026

59?61 Beverly Street is a compelling three family investment opportunity offering strong upside and flexible use. This well proportioned property features a two car garage, a full walk out basement, and a fenced in yard, providing both functionality and future potential.The first and second floor units each offer three bedrooms, an eat in kitchen, a living room, and a full bathroom, while the third floor unit includes one bedroom, a kitchen, and a full bath?ideal for rental income, extended living, or owner occupancy options.A partially finished full walk out basement adds valuable space and flexibility, and all units are equipped with essential appliances, making the property immediately functional and ready for updating to maximize value.Conveniently located near major highways, shopping, the airport, and a nearby train station, this property is well positioned to attract and retain reliable tenants. Whether you?re an investor seeking a value add opportunity or a buyer looking to live in one unit while generating rental income, this property presents outstanding potential.Don?t miss the chance to unlock the full potential of this income producing multi family property.

Property ID:PT-35238333-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 650,000 $

Bedrooms:7

Year Built:9999

Listing Details

Status: Active

Location

County: Essex

Lotsize: 50X73.10 AVG.

Lot Identifier: 24

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished-Partially

Acreage: 0.08

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 16

Easement/Desc: Unknown

Exterior Description: Wood Shingle

Roof Description: Asphalt Shingle

Possesion: TBA

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

Unit 1 Levels: 1

Unit 1 Rooms: 6

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 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Pantry, Storage

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, 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 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Pantry, Storage

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

Unit 3 Levels: 3

Unit 3 Rooms: 4

Unit 3 Beds: 1

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 Room Description: Bedrooms, Kitchen, Living Room

Garage Description: Detached Garage, Garage Parking

Number of Garage Spaces: 1

Block Identifier: 3079

County Number: 16

Town Number: 1614

YB/Desc: 9999 - Approximate

Easement: Unknown

Parking/Driveway Description: 2 Car Width, Blacktop

Block Identifier: 3079

County Number: 16

Town Number: 1614

Possession: TBA

Utilities

Heat Source: Electric, Gas-Natural

Heat System: 3 Units, Radiators - Hot Water, Radiators - Steam

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

Taxes, Fees & Assessments

Tax ID For Property: 1614-03079-0000-00024-0000-

Tax Amount: $7,678.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $22,300.00

Building Assessment: $169,700.00

Total Assessment: $192,000.00

FHA Age Restricted: No

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Listing Details

59 Beverly St,Newark City, NJ 07108-1039

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