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10 Beds
5 Baths
3,474 sqft

$819,000

63 S 7Th St, Newark City NJ, 07107

Price per sqft$235.75
Built in1910
Property size3,474 sqft
Property typeMulti-family

Overview

Active

Listed Aug 5, 2026

Updated 2 days ago

Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark?s West Side section, featuring a projected 9.3% cap rate?an excellent opportunity for investors seeking strong rental income and return potential. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: rec room, sitting area and full bath, with private access from the rear of the home. Second floor: three bedrooms, living room, kitchen and two full baths. Third floor: three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional value rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Near The Ironbound section, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Projected cap rate of 9.3% based on current asking price and projected rental income and expenses. Down payment assistance, FHA 100% financing and 5% down on 2?4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!

$5,449/mo

Est. mortgage payment based on a $819,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4044918

Interior Features

Bedrooms
10
Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$7,438
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

Courtesy of EXP REALTY, LLC with KATHERINE MONCADA-TABORDA,
Listing Contact: 8662016210 

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