318 S 7th St
Newark City, NJ 07103
Price: $499,900
GSMLS: 3961728Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 6
Baths: 3 Full
Garage: No
Year Built: 1903
Acres: 0.06
Property Tax: $6,602
Description
Endless Potential In This 3-family Opportunity! Bring Your Vision And Unlock The Potential Of This Classic 3-family Home, Perfect For Investors Or Owner-occupants Seeking Rental Income. Each Of The Three Floors Features A Spacious Layout With 2 Bedrooms And 1 Full Bath, Offering Flexibility And Strong Rental Appeal. This Is A True Fixer-upper?ready For Updates And Renovations To Bring Out Its Full Value. Whether You Plan To Rehab And Flip, Rent All Three Units, Or Live In One While Renovating The Others, The Possibilities Are Wide Open.located In A Convenient Location Near Newark's Downtown. The Property Has A Solid Footprint With Room For Improvement. With The Right Updates, It Can Become A Fantastic Income-producing Asset. Sold As-is. Cash Or Renovation Financing Likely Required. Furnance And Water Heater From 2019. Separate Meters For Gas And Electric.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Full, Unfinished
Interior:
Carbon Monoxide Detector, Carpeting, Smoke Detector, Walk-In Closet, Wood Floors
Roof:
Flat
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Available
Utilities:
Gas In Street
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$499,900
Tax Amount:
$6,602
Land Assessment:
$31,300
Build. Assessment:
$142,300
Total Assessment:
$173,600
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3961728
List Date:
05-08-2025
Days On Market:
17
Listing Broker:
KELLER WILLIAMS REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: WillowWalkCondos.com
