297 S 7Th St, Newark, NJ 07103

  • Under Contract

 $795,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Commercial
  • Under Contract
  • MLS# 4002283
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

Property Details

General

  • County: Essex
  • Acreage: 0.11
  • Year Built: 1920
  • Sq. Ft.: 4,284
  • Lot Size: 56.10 X 86.4
  • Lot Description: Corner
  • Garage/Parking Spaces: 0.00

Financial Considerations

  • Tax Amount: $10,880
  • Tax Year: 2024

Activity

  • Days On Market: 133
  • List Date: 12/19/2025
 

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