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114 Peck Ave, Newark, NJ, 07107

9beds
3baths
2,760sqft
$795,000
$288price/sqft
$6,303/moest. monthly cost
$252,120/yrincome needed

About This Home

Welcome to 114 Peck Avenue, a fantastic opportunity to own a legal 3-family property with immediate income potential and long-term value. Perfect for both investors and owner-occupants, this property features three spacious 3-bedroom units designed for strong rental appeal.Two units are occupied by excellent long-term tenants, providing reliable rental income from day one, while the vacant third unit offers the flexibility for owner occupancy or the opportunity to lease at current market rents and maximize cash flow.The full basement offers ample space and endless possibilities for storage, a workshop, recreation area, or future improvements. Bring your imagination and unlock the property's full potential.Conveniently located near schools, shopping, public transportation, and major highways, this well-maintained multi-family home is an excellent addition to any investment portfolio or the perfect place to call home while generating rental income.Don't miss this rare chance to own a legal 3-family with strong income, future upside, and endless possibilities. Schedule your private showing today!

Getting Around

83
WalkingVery Walkable
67
TransitGood Transit
51
BikeBikeable

Schools

6/10
1/10
Barringer High SchoolGrades 9-121.0 mi
8/10
Technology High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Flat,Rubber
  • Construction materials: See Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,French Drain,Full,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

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

Features

  • Bedrooms,Dining Room,Eat-in Kitchen,Kitchen,Living Room,Eat-In Kitchen,Living/Dining Room

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: 3 Units,Central Air

Interior Area

  • Total structure area: 2,760
  • Total interior livable area: 2,760 sqft

Property

Details

  • Parcel number: 1614019650000000050000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 3,920 sqft
  • Lot size dimensions: 37.6 x 100

Parking

  • Total spaces: 4
  • Parking features: 1 Car Width,Shared Driveway
  • Uncovered spaces: 4