For Multi Family

69 South St,Newark City, NJ 07102-3335

January 31, 2026

Large three-family home located just steps from the lively Ironbound district and minutes from Newark Penn Station, offering unbeatable access to NYC trains and all major transportation routes. The property features three spacious apartments with strong layouts, a finished basement, and a solid rent roll, currently grossing approximately $7,000 per month with clear upside potential. Recent upgrades include a brand-new roof, adding long-term value and peace of mind. Ideal for investors seeking stable cash flow in a high-demand location with continued growth potential.

Property ID:PT-26578982-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 799,000 $

Bedrooms:9

Year Built:1912

Listing Details

Status: Active

Location

County: Essex

Lotsize: 27.6X101

Lot Identifier: 5

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished-Partially, Full, Walkout

Acreage: 0.06

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 16

Easement/Desc: No

Exterior Description: Stone, Vinyl Siding

Roof Description: Flat

Possesion: 0-30

Unit 1 Appliances/Equipment: Range/Oven - Gas, Refrigerator

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, Tenant Pays Water

Unit 1 Handicap: No

Unit 1 Rent: 1976

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

Unit 2 Appliances/Equipment: Range/Oven - Gas, Refrigerator

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, Tenant Pays Water

Unit 2 Handicap: No

Unit 2 Rent: 1670

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

Unit 3 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 3 Levels: 1

Unit 3 Rooms: 6

Unit 3 Beds: 3

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Rent: 1866

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

Block Identifier: 896

County Number: 16

Town Number: 1614

YB/Desc: 1912 - Approximate

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 896

County Number: 16

Town Number: 1614

Possession: 0-30

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-00896-0000-00005-0000-

Tax Amount: $11,561.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $33,300.00

Building Assessment: $270,700.00

Total Assessment: $304,000.00

FHA Age Restricted: No

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Listing Details

69 South St,Newark City, NJ 07102-3335

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