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65 Stone St, Newark, NJ, 07104

7beds
2baths
1,960sqft
$499,000
$255price/sqft
$3,939/moest. monthly cost
$157,560/yrincome needed

About This Home

Turnkey 2-Unit Cash-Flowing Investment Newark, NJ Fully occupied multi-family generating immediate income from day one or move into one unit and let the rental income from the other dramatically offset your housing costs. Either way, this property is ready to perform.Unit Mix:First Floor 3 Bed / 1 Bath with Long-term tenants in placeSecond Floor 4 Bed / 1 Bath Long Term Tenants In PlaceBoth units benefit from a blend of housing-assisted and market tenants, providing a diversified income stream with reliable, on-time rent collection. Tenants pay their own electric and gas owner responsibility is limited to water/sewer only.Recent Capital Improvements Already Done:New roof New Separate HVAC system New sewer lineThis is a low-turnover, professionally managed asset with a proven rental history. Whether you're building a portfolio or looking for a stable first investment, this property is structured to perform from closing day forward. Investor-friendly in every sense. Very easy to show.Selling as-is, fully occupied. Rent roll and financials available to qualified buyers upon request.

Getting Around

87
WalkingVery Walkable
77
TransitExcellent Transit
50
BikeBikeable

Schools

4/10
1/10
Barringer High SchoolGrades 9-120.3 mi
8/10
Technology High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 2021

Materials

  • Roof: Asphalt Shingle,Flat
  • Construction materials: Brick,Vinyl Siding

Notable Dates

  • Major remodel year: 2021

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 2
  • Full bathrooms: 2

Features

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

Heating & Cooling

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

Interior Area

  • Total structure area: 1,960
  • Total interior livable area: 1,960 sqft

Property

Details

  • Parcel number: 1614004850000000060000

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: See Remarks

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 104

Parking

  • Parking features: On Street