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$ 850,000
Est. payment /mo
Active
13-15 May St Newark City, NJ 07104
10 Beds
7 Baths
3,420 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $248
MLS Listing ID 4033681
Style 3-Three Story
Bedrooms 10
Full Baths 7
Year Built 1899
Annual Tax Amount $10,901
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
Location
State NJ
County Essex
Rooms
Basement Finished-Partially
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features Detached Garage
Garage Spaces 4.0
Utilities Available All Underground
Roof Type Asphalt Shingle
Garage Yes
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by EXP REALTY, LLC
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