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Apartment Complex For Sale

297 S 7th St, Newark City, Essex 07103-2463

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Property Description

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4002283
Price:
$795,000
Year Built:
1920
Lot Area:
0.11 Acre
Status:
Under Contract
Office Name:
MONARCH REALTY & ASSOCIATES
Agent Name:
KHADIJAH CAESAR
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Electric, Radiators - Hot Water, Radiators - Steam, 4+ Units
Cooling System:
Window A/C(s)
Basement:
Unfinished
Flooring:
Laminate, Carpeting
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07103-2463
Street:
S 7Th St
Street Number:
297
Longitude:
W75° 48' 5.9''
Latitude:
N40° 44' 19.2''
Directions:
14th Ave to 7th
Zoning:
Res
Additional Information
Lot Size Dimensions:
56.10 X 86.4
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
5
Lot Features:
Corner
Building Size:
4800
Financial
Tax Annual Amount:
10880
Listing Information
List Agent Mls Id:
290400
List Office Mls Id:
6381
Mls Status:
Under Contract
Modification Timestamp:
2026-07-09T08:16:37Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4002283
Lot Area:
0.11 Acre
$795,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
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Phone: 201-891-8200
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