Newark City, NJ 07103,297 S 7Th St
Newark City, NJ 07103,297 S 7Th St
Newark City, NJ 07103,297 S 7Th St
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$795,000
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4,800 SqFt
Active

297 S 7Th St Newark City, NJ 07103

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $165

MLS Listing ID 4002283

Year Built 1920

Annual Tax Amount $10,880

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

Location

State NJ

County Essex

Zoning Res

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Flooring Carpeting, Laminate

Equipment Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by MONARCH REALTY & ASSOCIATES

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    North Star Academy Charter Schools of Newark

    Public | KG - 12

  • 9

    Maria Varisco Rogers Charter School

    Public | KG - 8

  • 8

    Robert Treat Academy Charter School

    Public | KG - 8

  • 7

    Pride Academy Charter School

    Public | 5 - 8

  • 6

    Lincoln Avenue Elementary School

    Public | PK - 7

  • 6

    Rosa Parks Community School

    Public | PK - 7

  • 6

    George Washington School

    Public | 5 - 5

  • 6

    J. Garfield Jackson Sr. Academy

    Public | KG - 5

  • 6

    Carteret Elementary School

    Public | PK - 6

  • 6

    First Avenue Elementary School

    Public | PK - 8

  • 6

    Branch Brook Elementary School

    Public | PK - 4

  • 6

    Park Elementary School

    Public | PK - 8

  • 6

    The Gray Charter School

    Public | KG - 8

  • 6

    Oliver Street Elementary School

    Public | PK - 8

  • 6

    Lafayette Street Elementary School

    Public | PK - 8

  • 5

    Newark Legacy Charter School

    Public | KG - 4

  • 5

    Langston Hughes Elementary School

    Public | PK - 5

  • 5

    George Washington Carver Institute

    Public | PK - 5

  • 5

    Ecole Toussaint Louverture

    Public | PK - 5

  • 5

    Johnnie L. Cochran Jr. Academy

    Public | KG - 5

Middle Schools 20
  • 9

    Science Park High School

    Public | 7 - 12

  • 7

    Great Oaks Charter School

    Public | 6 - 9

  • 6

    East Orange STEM Academy High School

    Public | 6 - 12

  • 5

    Cicely L. Tyson Community Middle/High School

    Public | 6 - 12

  • 5

    Arts High School

    Public | 7 - 12

  • 4

    Krumbiegel Middle School

    Public | 6 - 8

  • 4

    University High School

    Public | 7 - 12

  • 4

    American History High School

    Public | 6 - 12

  • 4

    Washington Middle School

    Public | 6 - 8

  • 3

    Union Avenue Middle School

    Public | 6 - 8

  • 3

    Orange Preparatory Academy

    Public | 8 - 9

  • 3

    Universiy Middle School

    Public | 6 - 8

  • 3

    John L. Costley Middle School

    Public | 6 - 8

  • 3

    Sojourner Truth Middle School

    Public | 6 - 8

  • 2

    Merit Preparatory Charter School of Newark

    Public | 6 - 7

  • 1

    Patrick F. Healy Middle School

    Public | 6 - 8

  • 1

    Eagle Academy

    Public | 6 - 7

  • 1

    Newark Early College High School

    Public | 6 - 10

  • 0

    Fast Track Success Academy

    Public | 6 - 12

  • 0

    Elyon Learning Center Academy

    Private | 8 - 12

High Schools 20
  • 10

    Technology High School

    Public | 9 - 12

  • 8

    Bard Early College High School

    Public | 9 - 12

  • 6

    North 13th St Tech

    Public | 9 - 12

  • 5

    Newark Tech

    Public | 9 - 12

  • 4

    Orange High School

    Public | 9 - 12

  • 3

    People's Preparatory Charter School

    Public | 9 - 11

  • 2

    Newark Vocational High School

    Public | 9 - 12

  • 1

    Irvington High School

    Public | 9 - 12

  • 1

    Weequahic High School

    Public | 9 - 12

  • 1

    East Orange Campus High School

    Public | 9 - 12

  • 1

    West Side High School

    Public | 9 - 12

  • 1

    Central High School

    Public | 9 - 12

  • 1

    Malcom X Shabazz High School

    Public | 9 - 12

  • 1

    Barringer High School

    Public | 9 - 12

  • 1

    Paulo Freire Charter School

    Public | 9 - 10

  • 1

    Newark Preparatory Charter School

    Public | 9 - 10

  • 1

    East Side High School

    Public | 9 - 12

  • 0

    Career and Innovation Academy of Orange

    Public | 9 - 12

  • 0

    Newark Bridges High School

    Public | 9 - 12

  • 0

    Newark Innovation Academy

    Public | 9 - 12

School and business data provided by Attom Data.

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Greg Dwornikowski

Greg Dwornikowski

Agent | License ID: RS328262

+1(215) 534-7347

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297 S 7Th St