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YOUR SEARCH ENDS HERE! Great for Investors and Developers! This rare two-family home in Newark's premier residential corridor offers both immediate income and incredible development potential. Fully occupied with two spacious units PLUS A BONUS STUDIO, the property generates strong NOI, making it an ideal investment with bridge income during the entitlement process. Zoned R3 Multi-Family on a 50' x 100' lot, it sits in an area with variance potential. With a three-car garage, additional driveway parking for up to 6 cars, and protected NYC skyline views, this property is a prime candidate for value-add improvements, long-term appreciation, or high-density redevelopment. A rare find in a thriving, transit-oriented market!
| DAYS ON MARKET | 1 | LAST UPDATED | 2/25/2025 |
|---|---|---|---|
| TRACT | North | YEAR BUILT | 1857 |
| COMMUNITY | Newark | GARAGE SPACES | 3.0 |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | BRANCH BRK |
|---|---|
| Jr. High School | NEWTON |
| High School | BARRINGER |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Newark |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Natural Gas |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Concrete, Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | 2-Two Story |
| SUBDIVISION | North |
| TAXES | 5134 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | R3 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with COLDWELL BANKER REALTY
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