227 7th St
Listing Notes
Prime Mixed-Use Investment Opportunity Near Hamilton Park! Unlock the potential of this strategically located mixed-use property with a private garage, featuring two spacious residential units above a commercial restaurant space. This property offers a strong foundation with built-in cash flow and significant upside for investors or owner-occupied buyers. Improve the units, raise the rents and capitalize on a prime location with high tenant demand. The ground floor commercial space is currently occupied by a well-established restaurant and includes a full kitchen setup. Above, you'll find two well-laid-out 2-bedroom, 1-bath residential units. Unit 2 is currently vacant, offering immediate upside for new tenants or potential owner-occupancy. Unit 3 can be delivered vacant, opening the door to increased rental income through renovation. Situated just around the corner from Hamilton Park and within walking distance to Newport Mall, Grove and Newport PATH stations. Close proximity to a vibrant selection of shops, dining, and public transit options.
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $939,000 to $2,095,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 247 2nd St Apt 3 | $939,000 | 2 bd · 2 ba |
| 285 3rd St | $939,900 | 3 bd · 3 ba |
| 232 Pavonia Ave Apt 614 | $975,000 | 1 bd · 2 ba |
| 234 10th St Apt 511 | $995,000 | 2 bd · 2 ba |
| 205 10th St Apt 3H | $999,000 | 3 bd · 2 ba |
| 159 2nd St Apt 1104 | $1,049,000 | 2 bd · 2 ba |
| 417 Monmouth St | $1,049,777 | 3 bd · 3 ba |
| 417 Monmouth St Apt 3 | $1,099,777 | 3 bd · 2 ba |
| 77 Erie St Apt 1 | $1,195,000 | 2 bd · 3 ba |
| 522 Jersey Ave | $1,225,000 | 3 bd · 3 ba |
| 75 1/2 Erie St | $1,299,000 | 3 bd · 2 ba |
| 144 1st St Unit 6B | $1,299,000 | 2 bd · 3 ba |
| 278 4th St | $1,300,000 | 2 bd · 4 ba |
| 313 7th St Unit 302 | $1,350,000 | 3 bd · 3 ba |
| 325 Pavonia Ave | $1,350,000 | 3 bd · 2 ba |
| 327.5 7th St | $1,425,000 | 4 bd · 3 ba |
| 260 5th St | $1,475,000 | 4 bd · 2 ba |
| 299 Pavonia Ave Apt 2-3 | $1,550,000 | 3 bd · 3 ba |
| 222 3rd St | $1,600,000 | 4 bd · 5 ba |
| 288 6th St | $1,650,000 | 2 bd · 1 ba |
| 119 Coles St | $1,695,000 | 7 bd · 4 ba |
| 318 5th St | $1,700,000 | 7 bd · 4 ba |
| 274 7th St | $1,999,999 | 3 bd · 3 ba |
| 614.5 Jersey Ave | $2,095,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more