REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Cynthia Lubin Compass New Jersey, LLC-Montclair
$ 650,000
Est. payment | /mo
8 Beds
3 Baths
$ 650,000
Est. payment | /mo
8 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26015683
Style 3 Family
Bedrooms 8
Full Baths 3
Property Sub-Type 3 Family
Property Description
Excellent cash flow opportunity in Newark's high-demand Weequahic section. This 16-room, 3-family residence offers immediate income potential with clear built-in upside for a buyer ready to update and reposition. Two units can be delivered vacant, providing flexibility to owner-occupy while maximizing rental income. The second floor offers stable income with a tenant in place through October 2027, along with a near-term opportunity to reposition rents to market. With cosmetic updates and lease turnover, projected gross rents range from $6,500 to $7,000 per month. Separate utilities, full unfinished basement, and a location that checks every box: Weequahic Park, Beth Israel Medical Center, and Newark Liberty International Airport all nearby with easy access to major transit routes. Please note: Sold as-is. Buyer responsible for Newark Certificate of Code Compliance and DCA Green Card.
Location
State NJ
County Essex
Interior
Laundry None
Nearby Locations
"Elevating Real Estate Dreams with Heart and Expertise."
111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States