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This versatile property offers a unique investment opportunity in Newark's thriving Springfield/Belmont neighborhood. The building features five units, including two ground-level commercial spaces currently operating as a grocery store and a convenience store, providing steady income potential. The residential component includes three well-maintained apartments: a spacious 3-bedroom, 1-bath unit, a comfortable 2-bedroom, 1-bath unit, and a studio apartment. Each residential unit boasts bright, airy living spaces with updated kitchens, creating an inviting and modern living environment. A finished basement completes the property.Strategically located near schools, parks, shopping, and dining options, the property is ideal for tenants seeking convenience and accessibility. Public transportation and major highways are easily accessible with public bus stops across the street, ensuring connectivity to downtown Newark and surrounding areas. Whether you're looking to expand your portfolio or secure a property with diverse income streams, this location offers endless possibilities in a dynamic and growing community.
| DAYS ON MARKET | 1 | LAST UPDATED | 2/3/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Newark |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | Newark |
|---|---|
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Brick, Stucco |
| HEAT | Baseboard, Natural Gas |
| LOT | 1742 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story |
| TAXES | 7868 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KELLER WILLIAMS REALTY
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