Overview

Property ID: HZ4002283

4800 Sqft
Area Size

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.

Address

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Address: 297 S 7Th St
City: Newark City
State/county: Essex
Zip/Postal Code: 07103-2463

Details

Updated on December 22, 2025 at 8:03 pm

Property ID HZ4002283
Price $795,000
Property Size 4800 Sqft
Land Area 0.11 Acres
Garage Size x x
Year Built 1920
Property Status Active

Additional details

Roof Asphalt Shingle
Utilities Gas-Natural
Sewer Public Sewer
Cooling Window A/C(s)
Heating 4+ Units, Baseboard - Electric, Radiators - Hot Water, Radiators - Steam
Flooring Carpeting, Laminate
County Essex
Property Type Apartment Complex