643 N 5Th St Newark City, NJ $ 499,000
643 N 5Th St
$ 499,000
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643 N 5Th St

Newark City, NJ, 07107
$ 499,000
Bedrooms6 Baths3.0 Sq 3,234

Monthly Estimate*

$ 3,317

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Multi-Family Home for sale in Newark City, NJ for $499,000 with 6 bedrooms and 3 full baths. This 3,234 square foot home was built in 1907 on a lot size of 0.06.

Presenting a fantastic opportunity for savvy investors and those seeking a versatile, three unit income-generating property in a prime Newark location. This property is ideally situated in a vibrant neighborhood, it boasts proximity to Branch Brook Park, Newark Schools Stadium, and one block from the Davenport Ave Light Rail Station. With easy access to local amenities, restaurants and shops. This legal three-unit property features three separate units, each comprising 2 bedrooms and 1 bathroom. Ideal for accommodating tenants or creating a comfortable living space for an owner-occupant. All three units boast spacious kitchens, inviting living areas, and dedicated dining spaces, ensuring a comfortable and attractive environment for residents. The property features a desirable balcony with the third unit, perfect for unwinding and enjoying the surroundings. Additionally, a nicely sized backyard provides a great opportunity for outdoor activities, gardening, or simply enjoying the fresh air. Whether you're looking to maximize rental income from all three units or plan to live in one unit while generating rental income from the others, this property presents a compelling investment opportunity. Don't miss the chance to own a three-unit property in a sought-after Newark neighborhood. Schedule a viewing today to see the potential and value that this property offers!

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Multi-Family Pending

Price

$ 499,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,323

Style

3-Three Story

Lot Size

0.06

Year Built

1907

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3859171

Features
General
Interior Features Blinds Carbon Monoxide Detector Fire Extinguisher High Ceilings Smoke Detector Tile Floors Vinyl-Linoleum Floors Wood Floors
Sewer Public Sewer
Heating 1 Unit Baseboard - Hotwater Radiators - Steam
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession P.O.A
Roof Asphalt Shingle
Water Heater Gas
Exterior Features Deck Metal Fence Patio Privacy Fence Sidewalk Storm Window(s)
Architectural Style 3-Three Story
Year Built 1907
Garage On-Street Parking
Township Newark City
Tax Year 2022
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 14
Status Under Contract
Directions Bloomfield Ave to N 5th St
Open Parking Spaces 0
Total Units 3
Street Name N 5Th St
Tax Annual Amount 7323
Drive On-Street Parking
Days on Market 22
Standard Status Under Contract
Tax Assessed Value 196000
Town # 1614
Tax Lot 31
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Interior
Basement Bilco-Style Door Full Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Fuel Type Electric Gas-Natural
Full Baths 3
Half Baths 0
Total Bedrooms 6
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Aluminum Siding
Building Area Total 3234
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
RYAN DANIHER

Listing Agent

Compass New Jersey, Llc

Broker

ryan.daniher@compass.com

Email

Affordability Calculator

$3,927
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,317
Monthly Property Taxes
$610
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/11/2023$499,000 Listed Price

Map


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643 N 5Th St, Newark City, NJ, 07107 is a Multi-Family Home for sale at $499,000 with 3,234 sqft and a lot size of 0.06. 643 N 5Th St has 6 bedrooms, 3.0 baths, and was built in 1907. The property's zip code is 07107 which is in Newark City, NJ