- Multi-Family Residential
- Active
- 2 months ago
232 2nd St
Newark City NJ 07107-3208
$789,999
37.50 X 100
Description
This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
Facts and Features
Type
Multi-Family Residential
Year Built
2025
Heating
Gas-Natural
SQFT
37.50 X 100
Bedrooms
9
bathrooms
3.00
GARAGE
2
Status
Active
Interior Features
- Basement Description
- Unfinished
- Basement
- Yes
- Total # Full Baths
- 3
- Total # Baths
- 3.00
- # Bedrooms
- 9
- Cooling
- 1 Unit
- Heating
- 3 Units
- Fuel Type
- Gas-Natural
- Interior Features
- Carbon Monoxide Detector, Smoke Detector, Wood Floors
- Status
- Active
- Total # Rooms
- 17
- Unit 1 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
- Unit 1 Baths
- 1.0
- Unit 1 Bedrooms
- 3
- Unit 1 Handicap Modified
- No
- Unit 1 Levels
- 1
- Unit 1 Owner/Tenant Pays
- Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 1 Room Description
- Bedrooms, Kitchen, Laundry Room, Living Room
- Unit 1 Rooms
- 6
- Unit 2 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
- Unit 2 Baths
- 1.0
- Unit 2 Bedrooms
- 3
- Unit 2 Handicap Modified
- No
- Unit 2 Levels
- 2
- Unit 2 Owner/Tenant Pays
- Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 2 Room Description
- Bedrooms, Kitchen, Laundry Room, Living Room
- Unit 2 Rooms
- 6
- Unit 3 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
- Unit 3 Baths
- 1.0
- Unit 3 Bedrooms
- 3
- Unit 3 Handicap Modified
- No
- Unit 3 Levels
- 3
- Unit 3 Owner/Tenant Pays
- Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 3 Room Description
- Bedrooms, Kitchen, Living Room
- Unit 3 Rooms
- 5
- Unit Style
- 3-Three Story
- Water Heater
- Gas
Exterior Features
- Total Acres
- 0.09
- Parking/Driveway Description
- 1 Car Width
- Easement
- No
- Exclusions
- Washer and Dryer on 1st. floor.
- Exterior Description
- Vinyl Siding
- Exterior Features
- Metal Fence, Open Porch(es)
- # Garage Spaces
- 2
- Garage Description
- Detached Garage
- Lot Description
- Level Lot
- Approximate Lot Size
- 37.50 X 100
- # Parking Spaces
- 2
- Roof Description
- Asphalt Shingle
- Sewer
- Public Sewer
- Total # Units
- 3
- Utilities
- Gas-Natural
- Water
- Public Water
- Construction Date/Year Built
- 1900
- Construction Date/Year Built Des
- Unknown
- Zoning
- Residential