Listing Notes
Discover a rare, investment opportunity that blends modern updates with consistent cash flow. This renovated three-family home offers a "set it and forget it" appeal for seasoned investors or an ideal situation for a savvy house-hacker looking to offset their mortgage. Benefit from peace of mind with significant renovations completed within the last few years. The heavy lifting has been done for you. The property is currently occupied with reliable tenants. While the property provides steady income, two units are currently on month-to-month leases, offering the new owner maximum flexibility for market-rent adjustments or owner-occupancy.Situated in a vibrant Newark neighborhood, the home is conveniently located near public transportation, local shopping, and essential services. This is urban living at its most practical, catering to a high-demand rental market.
Price in context
Cheaper than 37% of the 24 homes listed nearby right now, which run $449,000 to $950,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 40 N 7th St | $449,000 | 4 bd · 3 ba |
| 449 Orange St | $450,000 | 2 bd · 2 ba |
| 136-138 N 13th St | $468,000 | 4 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 |
| 30 N 11th St | $520,000 | 4 bd · 2 ba |
| 343 7th Ave W | $575,000 | 6 bd · 3 ba |
| 73 2nd St | $599,000 | 7 bd · 3 ba |
| 212 3rd St | $629,000 | Studio · 4 ba |
| 267 6th Ave W | $630,000 | 7 bd · 4 ba |
| 131 N 14th St | $699,000 | 8 bd · 3 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 |
| 50 9th Ave W | $775,000 | 6 bd · 5 ba |
| 232 2nd St | $789,999 | 9 bd · 3 ba |
| 64 13th St | $799,000 | 8 bd · 3 ba |
| 67 S 13th St | $800,000 | 7 bd · 5 ba |
| 337 13th Ave | $875,000 | 6 bd · 5 ba |
| 71 N 14th St | $875,000 | 6 bd · 5 ba |
| 237-239 6th Ave | $899,000 | 9 bd · 4 ba |
| 238 Roseville Ave | $950,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more