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Residential Income For Sale

63 S 7th St, Newark City, NJ 07107-2056

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Property Description
Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark’s West Side section, featuring a projected 9.3% cap rate an excellent opportunity for investors seeking strong rental income and return potential. Annual property taxes are approximately $7,438. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: Three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: Rec room, sitting area and full bath, with private access from the rear of the home. Second floor: Three bedrooms, living room, kitchen and two full baths. Third floor: Three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional feature rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Conveniently located near The Ironbound, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Down payment assistance, FHA 100% financing and financing with as little as 3.5%-5% down on 2″4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!
Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4058191
Price:
$799,000
Year Built:
1910
Lot Area:
0.06 Acre
Status:
Active
Office Name:
EXP REALTY, LLC
Agent Name:
KATHERINE MONCADA-TABORDA
Full Bathrooms:
5
Roof:
Flat
Features
Heating System:
3 Units, Radiators - Hot Water, Radiators - Steam
Cooling System:
Window A/C(s)
Basement:
Full, Walkout, Finished-Partially
Architectural Style:
3-Three Story
Exterior Features:
Metal Fence
Interior Features:
Chandelier, Carbon Monoxide Detector, Smoke Detector, Fire Alarm Sys, Wood Floors, Tile Floors, Vinyl-Linoleum Floors
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
NJ
County:
Essex
City:
Newark City
Zipcode:
07107-2056
Street:
S 7Th St
Street Number:
63
Longitude:
W75° 48' 20''
Latitude:
N40° 44' 48.9''
Directions:
From Garden State Parkway take exit 145 to I-280 east. use GPS
Additional Information
Lot Size Dimensions:
26.3X100
Water Source:
Public Water
Number Of Units Total:
3
Garage:
3
Building Size:
3475
Financial
Tax Annual Amount:
7438
Listing Information
List Agent Mls Id:
307902
List Office Mls Id:
5028
Mls Status:
Active
Modification Timestamp:
2026-10-23T19:44:55Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4058191
Lot Area:
0.06 Acre
$799,000
Agent info
Contact Agent

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