NJ
Essex
Newark City
07107
366 7th Ave W AVE
366 7th Ave W AVE, Newark City, NJ 07107
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Listing Type
Multi Family
Listing Status
Active
50
$700,000

Home Details for 366 7th Ave W AVE

Price
$700,000
Type
Residential Income
Bedrooms
9
Total Bathrooms
5
Full Bathrooms
4
Half Bathrooms
1
Square feet
6312
Year built
1910
Lot size acres
0.09
County
Essex
Total rooms
15
Garage
2
Basement
Finished, Full
Days on site
51
MLS Listing#
4030698
Property Description

Welcome to this expansive legal 3-family property in the heart of Newark offering exceptional upside for investors, contractors, or owner-occupants seeking value-add potential. This spacious multi-family property features a total of 9 bedrooms and 3 full bathrooms across the main residential units, along with an additional finished basement space offering 4 bonus rooms, a full bathroom, a half bath, and a separate entrance providing flexible use potential.Featuring generously sized layouts, high ceilings, abundant natural light, and classic architectural character throughout, the property offers an excellent foundation for renovation. Situated on an oversized fenced-in lot with iron fence enclosure and gated entry, the property also includes a detached 2-car garage, separate utilities, and a large covered front porch adding to the home's curb appeal and presence. With over 6,300 sq ft of property area, this is a rare opportunity to reposition and customize a substantial multi-family asset in one of Newark's rapidly developing areas.Conveniently located near major transportation routes, shopping, schools, parks, and public transit with easy access to NYC commuting options. Property is vacant, requires a full cosmetic renovation, and is being sold strictly as-is. Buyer responsible for all municipal certificates, inspections, and due diligence. Excellent opportunity for investors seeking strong income potential or long-term appreciation upside.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Utilities
    • Cable Available
    • Underground Utilities
  • Basement
    • Finished
    • Full
  • Water Features
    • Public
  • Parking
    • Detached
Listing Courtesy: UNITED REAL ESTATE - 888-501-6953
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Market statistics compiled from data from Garden State MLS.
EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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