For Multi Family

65 Stone St,Newark City, NJ 07104-3768

April 14, 2026

Turnkey 2-Unit Cash-Flowing Investment Newark, NJ Fully occupied multi-family generating immediate income from day one or move into one unit and let the rental income from the other dramatically offset your housing costs. Either way, this property is ready to perform.Unit Mix:First Floor 3 Bed / 1 Bath with Long-term tenants in placeSecond Floor 4 Bed / 1 Bath Long Term Tenants In PlaceBoth units benefit from a blend of housing-assisted and market tenants, providing a diversified income stream with reliable, on-time rent collection. Tenants pay their own electric and gas owner responsibility is limited to water/sewer only.Recent Capital Improvements Already Done:New roof New Separate HVAC system New sewer lineThis is a low-turnover, professionally managed asset with a proven rental history. Whether you’re building a portfolio or looking for a stable first investment, this property is structured to perform from closing day forward. Investor-friendly in every sense. Very easy to show.Selling as-is, fully occupied. Rent roll and financials available to qualified buyers upon request.

Property ID:PT-37291636-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 499,000 $

Bedrooms:7

Year Built:2021

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X104

Lot Identifier: 6

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2021

Basmnt/Desc: Yes - Full, Unfinished

Acreage: 0.06

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 11

Easement/Desc: No

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle, Flat

Possesion: 0-30

Unit 1 Appliances/Equipment: CarbMDet,CookGas,RgOvGas,Refrig,SmokeDet

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 Lease Expire: 2026-11-30

Unit 1 SqFt: 960

Unit 1 Rent: 1670

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

Unit 1 Security Deposit: 2100

Unit 2 Appliances/Equipment: CarbMDet,CookGas,RgOvGas,SmokeDet

Unit 2 Levels: 1

Unit 2 Rooms: 6

Unit 2 Beds: 4

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 Lease Expire: 2026-04-30

Unit 2 SqFt: 1000

Unit 2 Rent: 1595

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

Unit 2 Security Deposit: 2287

Block Identifier: 485

County Number: 16

Town Number: 1614

YB/Desc: 2021 - Renovated

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 485

County Number: 16

Town Number: 1614

Possession: 0-30

Taxes, Fees & Assessments

Gross Operating Income: 3265

Net Operating Income: 2313

Expense Include: Cold Water, Insurance, Taxes

Tax ID For Property: 1614-00485-0000-00006-0000-

Tax Amount: $6,034.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $21,300.00

Building Assessment: $129,600.00

Total Assessment: $150,900.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

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Listing Details

65 Stone St,Newark City, NJ 07104-3768

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