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Jan-Michael McClintic

info@janmichaelrealestate.com +1(908) 279-0593

$ 849,000

Est. payment | -/mo

5 Beds

3 Baths

1,974 SqFt

Save

$ 849,000

Est. payment | -/mo

Save

5 Beds

3 Baths

1,974 SqFt

OPEN HOUSE

Sun Mar 02, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,974 sqft

Price per Sqft $430

Subdivision North

MLS Listing ID 3947590

Style 2-Two Story

Bedrooms 5

Full Baths 3

Year Built 1857

Annual Tax Amount $5,134

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

YOUR SEARCH ENDS HERE! Great for Investors and Developers! This rare two-family home in Newark's premier residential corridor offers both immediate income and incredible development potential. Fully occupied with two spacious units PLUS A BONUS STUDIO, the property generates strong NOI, making it an ideal investment with bridge income during the entitlement process. Zoned R3 Multi-Family on a 50' x 100' lot, it sits in an area with variance potential. With a three-car garage, additional driveway parking for up to 6 cars, and protected NYC skyline views, this property is a prime candidate for value-add improvements, long-term appreciation, or high-density redevelopment. A rare find in a thriving, transit-oriented market!

Location

State NJ

County Essex

Zoning R3

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Attached Garage

Garage Spaces 3.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Schools

Elementary Schools Branch Brk

Middle Schools Newton

High Schools Barringer

Others

Senior Community No

Listed by COLDWELL BANKER REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(908) 279-0593

info@janmichaelrealestate.com

165 Passaic Ave, Fairfield, NJ, 07004, USA

103 Parker St Newark City, NJ 07104