Listing Notes
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $485,000 to $949,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 400 Summer Ave | $485,000 | 3 bd · 2 ba |
| 334-336 Clifton Ave | $489,000 | 4 bd · 4 ba |
| 110 Peabody Pl | $499,000 | 5 bd · 2 ba |
| 45 Ogden St | $499,000 | 4 bd · 2 ba |
| 95 Park Pl | $499,000 | 3 bd · 1 ba |
| 509-511 Ridge St | $525,000 | 3 bd · 2 ba |
| 509 Ridge St | $525,000 | 3 bd · 2 ba |
| 570 Summer Ave | $599,999 | 4 bd · 1 ba |
| 199 Summer Ave | $649,500 | 4 bd · 2 ba |
| 566-568 Highland | $675,000 | 6 bd · 3 ba |
| 366 Summer Ave | $689,000 | 6 bd · 3 ba |
| 408-410 Clifton Ave | $699,000 | 7 bd · 4 ba |
| 38 Taylor St | $725,000 | 6 bd · 4 ba |
| 86 Oraton St | $749,900 | 6 bd · 4 ba |
| 286 Mayor Gibson | $769,000 | 8 bd · 5 ba |
| 108 Peabody Pl | $775,888 | 4 bd · 2 ba |
| 172-176 Delavan Ave | $799,000 | 7 bd · 2 ba |
| 324 Clifton Ave | $825,000 | 7 bd · 4 ba |
| 272-274 Parker St | $849,999 | 8 bd · 4 ba |
| 272 274 Parker St | $849,999 | 8 bd · 4 ba |
| 535 Mount Prospect Ave | $850,000 | Studio |
| 695 Ridge St | $889,000 | 5 bd · 4 ba |
| 345 Summer Ave | $925,000 | 6 bd · 4 ba |
| 128-130 Lincoln Ave | $949,900 | 8 bd · 5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more