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$1,275,000

Est. payment - /mo

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9 Beds

6.5 Baths

3,990 SqFt

New

696 Dr Martin Luther King J Newark City, NJ 07102

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Greg Dwornikowski

gdwornikowski@gmail.com +1(215) 534-7347

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Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,990 sqft

Price per Sqft $319

MLS Listing ID 4006665

Style 3-Three Story

Bedrooms 9

Full Baths 6

Half Baths 1

Year Built 2026

Annual Tax Amount $8,146

Tax Year 2024

Lot Size 5,662 Sqft

Property Description

Large lot-located in the heart of the Lincoln Park Historic District, this renovated three-family property offers exceptional flexibility for investors, developers, or owner-occupants seeking immediate income with long-term upside. While the property itself is not historically designated, it is uniquely situated between two historic buildings, benefiting from the character and prestige of the district without the limitations of landmark restrictions.The building was reconfigured from a former rooming house into three spacious units, each featuring central heating and cooling, in-unit washer and dryer, and well-designed layouts. Oversized windows flood the interior with natural light, while select stained-glass accents enhance charm and marketability. The third floor unit bedrooms have NYC skyline views. A standout feature is the exceptionally large backyard, a rare offering in this location that presents multiple opportunities for future expansion or redevelopment- Lincoln Park District book attached. This makes the property ideal for an owner-occupant looking to live in one unit while generating rental income from the others, with future plans to extend or extend the property. The seller is open to concessions. A rare chance to secure a versatile asset near Downtown Newark.

Location

State NJ

County Essex

Zoning Res/Comm

Rooms

Basement Finished

Interior

Interior Features Carbon Monoxide Detector, Chandelier, Smoke Detector, Stain Glass Windows, Walk-In Closet, Wood Floors

Heating Gas-Natural

Cooling Central Air

Heat Source Gas-Natural

Exterior

Exterior Feature Stucco

Utilities Available All Underground

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by COLDWELL BANKER REALTY

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

North Star Academy Charter Schools of Newark

Public | KG - 12
8

Robert Treat Academy Charter School

Public | KG - 8
7

Pride Academy Charter School

Public | 5 - 8
6

J. Garfield Jackson Sr. Academy

Public | KG - 5
6

First Avenue Elementary School

Public | PK - 8
6

Branch Brook Elementary School

Public | PK - 4
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

Dr. Albert Einstein Academy School No. 29

Public | PK - 8
5

Roseville Community Charter School

Public | KG - 3
5

New Horizons Community Charter School

Public | KG - 5
5

Phillip's Academy Charter School

Public | KG - 8
5

Abington Avenue Elementary School

Public | PK - 8
5

Team Academy Charter School

Public | KG - 12
5

Hamilton Intermediate School

Public | 4 - 5

Middle Schools 20

9

Science Park High School

Public | 7 - 12
7

Great Oaks Charter School

Public | 6 - 9
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

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
0

Link Community School

Private | 7 - 8
0

St Benedict's Preparatory School

Private | 7 - 12
0

Alif Muhammad's Nia School

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

Harrison High School

Public | 9 - 12
4

Kearny High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

Weequahic 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

Benedictine Academy

Private | 9 - 12
0

Newark Bridges High School

Public | 9 - 12
0

Newark Innovation Academy

Public | 9 - 12
0

Newark Leadership Academy

Public | 9 - 12

School and business data provided by Attom Data.

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Greg Dwornikowski

Agent | License ID: RS328262

+1(215) 534-7347

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696 Dr Martin Luther King J Newark City, NJ 07102

Greg Dwornikowski

Key Details

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Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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696 Dr Martin Luther King J