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Residential Income For Sale

366 7th Avenue, Newark, NJ 07107

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Property Description

Welcome to this expansive legal 3-family property in the heart of Newark offering exceptional upside for investors, contractors, or owner-occupants seeking value-add potential. This spacious multi-family property features a total of 9 bedrooms and 3 full bathrooms across the main residential units, along with an additional finished basement space offering 4 bonus rooms, a full bathroom, a half bath, and a separate entrance providing flexible use potential. Featuring generously sized layouts, high ceilings, abundant natural light, and classic architectural character throughout, the property offers an excellent foundation for renovation. Situated on an oversized fenced-in lot with iron fence enclosure and gated entry, the property also includes a detached 2-car garage, separate utilities, and a large covered front porch adding to the home’s curb appeal and presence. With over 6,300 sq ft of property area, this is a rare opportunity to reposition and customize a substantial multi-family asset in one of Newark’s rapidly developing areas. Conveniently located near major transportation routes, shopping, schools, parks, and public transit with easy access to NYC commuting options. Property is vacant, requires a full cosmetic renovation, and is being sold strictly as-is. Buyer responsible for all municipal certificates, inspections, and due diligence. Excellent opportunity for investors seeking strong income potential, multi-generational living, or long-term appreciation upside.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26019679
Price:
$749,000
Status:
Active
Office Name:
United Real Estate
Agent Name:
William
Features
Architectural Style:
3 Family
Laundry Features:
None
Utilities:
Sep Elec, Sep Gas, Sep Heat
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Newark
Zipcode:
07107
Street:
7th
Street Number:
366
Street Suffix:
Avenue
Longitude:
W75° 48' 39.4''
Latitude:
N40° 45' 16''
Additional Information
Virtual Tour:
https://media.fotosforthefuture.com/sites/elvznogn/unbranded
On Market Date:
2026-05-28
Garage:
2
Financial
Tax Annual Amount:
8441
Listing Information
Co List Agent Mls Id:
457149
List Agent Mls Id:
1014119
List Office Mls Id:
2640
Mls Status:
Active
Modification Timestamp:
2026-05-29T15:29:57Z
Originating System Name:
njmls
Status Change Timestamp:
2026-05-28
Residential Income For Sale
Listing ID:
26019679
$749,000
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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