Listing Notes
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."
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $440,000 to $950,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 26 Duryea St | $440,000 | 5 bd · 3 ba |
| 34 Duryea St | $440,000 | 4 bd · 3 ba |
| 449 Orange St | $450,000 | 2 bd · 2 ba |
| 238 6th Ave W | $489,900 | 8 bd · 4 ba |
| 71 N 5th St | $491,000 | 8 bd · 3 ba |
| 346 Sussex Ave | $498,900 | 4 bd · 3 ba |
| 249 4th St | $519,900 | 4 bd · 2 ba |
| 343 7th Ave W | $575,000 | 6 bd · 3 ba |
| 15 Highland Ave | $590,000 | 7 bd · 3 ba |
| 73 2nd St | $599,000 | 7 bd · 3 ba |
| 323 N 7th St | $599,000 | 4 bd · 3 ba |
| 212 3rd St | $629,000 | Studio · 4 ba |
| 267 6th Ave W | $630,000 | 7 bd · 4 ba |
| 310 4th St | $650,000 | — |
| 196 Sussex Ave | $650,000 | 7 bd · 4 ba |
| 196 Sussex Ave | $650,000 | 3 bd · 1 ba |
| 366 7th Ave W | $749,000 | 9 bd · 4 ba |
| 366 7th Ave W | $749,000 | 9 bd · 5 ba |
| 51 Myrtle Ave Apt 3 | $775,000 | 8 bd · 3 ba |
| 51 Myrtle Ave | $775,000 | 8 bd · 3 ba |
| 375 6th Ave W | $799,999 | 13 bd · 4 ba |
| 237-239 6th Ave | $899,000 | 9 bd · 4 ba |
| 25-27 Norfolk St | $899,000 | 8 bd · 6 ba |
| 238 Roseville Ave | $950,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more