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232 2nd St, Newark, NJ, 07107

9beds
3baths
0sqft
$789,999
--price/sqft
$6,154/moest. monthly cost
$246,160/yrincome needed

About This Home

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."

Getting Around

78
WalkingVery Walkable
75
TransitExcellent Transit
58
BikeBikeable

Schools

1/10
Barringer High SchoolGrades 9-120.3 mi
8/10
Technology High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator,Washer/Dryer Stacked,Stackable Washer/Dryer,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Kitchen,Living Room
  • Flooring: Wood

Heating & Cooling

  • Heating features: 3 Units,Natural Gas
  • Cooling features: 1 Unit

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614019110001000250001
  • Zoning description: Residential
  • Exclusions: Washer and Dryer on 1st. floor.

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Patio & porch: Open Porch(es)
  • Fencing: Metal Fence

Lot

  • Lot size: 3,920 sqft
  • Features: Level
  • Lot size dimensions: 37.50 x 100

Parking

  • Total spaces: 2
  • Parking features: 1 Car Width,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 2