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Residential Income For Sale

366 7th Ave W, Newark City, Essex 07107-3664

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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 or long-term appreciation upside.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4030698
Price:
$700,000
Year Built:
1910
Lot Area:
0.09 Acre
Status:
Active
Office Name:
UNITED REAL ESTATE
Full Bathrooms:
4
Roof:
Flat, Asphalt Shingle
Features
Heating System:
Baseboard - Hotwater, 3 Units
Cooling System:
None
Basement:
Full, Finished
Architectural Style:
Under/Over, Triplex
Exterior Features:
Patio, Metal Fence
Interior Features:
Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
Sewer:
Public Sewer
Utilities:
All Underground
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07107-3664
Street:
7th Ave W
Street Number:
366
Longitude:
W75° 48' 39.2''
Latitude:
N40° 45' 15.6''
Directions:
Btwn N 6th St & N 5th St
Additional Information
Lot Size Dimensions:
40X100
Water Source:
Public Water
Number Of Units Total:
3
Garage:
2
Building Size:
6312
Financial
Tax Annual Amount:
8441
Listing Information
List Agent Mls Id:
298286
List Office Mls Id:
4738
Mls Status:
Active
Modification Timestamp:
2026-06-25T12:17:57Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4030698
Lot Area:
0.09 Acre
$700,000
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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