366 7th Ave W, Newark City NJ 07107-3664

Property City
Newark City
Property Price
$749,000
Bedrooms
9
Year Built
1910
Tax Annual Amount
$8441
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle, Flat
Lot Size Area
0.09
MLS Status
Active
MLS #
4030698

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, multi-generational living, or long-term appreciation upside.

Yearly Tax Rate
3.999
Year Built (*numeric)
1910
Basement
Yes
Roofing (*text)
Asphalt Shingle, Flat
Days On Market
3
Basement (*text)
Yes
Cooling (*text)
None
GarageSpaces
2
Heating
3 Units, Baseboard - Hotwater
Lot Size Dimensions
40X100
Property Location

40.754345453687, -74.189119068906

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762