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$ 789,999
Est. payment /mo
New
232 2nd St Newark City, NJ 07107
9 Beds
3 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4023520
Style 3-Three Story
Bedrooms 9
Full Baths 3
Year Built 1900
Annual Tax Amount $10,529
Tax Year 2025
Lot Size 3,920 Sqft
Property Description
This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Smoke Detector, Wood Floors
Heating Gas-Natural
Cooling 1 Unit
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by VILLAGE SQUARE REALTORS