by RHP Realty

See Home Value
Newark 07103 Fairmount
224-226 South 7th Street
$590,000
Multifamily - Off Market

224-226 South 7th Street

Newark, NJ 07103
bedrooms
6 Beds
bathrooms
4 Baths
$3,700
Estimated Monthly
$0
HOA / Fees
17.69%
Cap Rate

About This Property

DON'T MISS - IDEAL INVESTMENT OPPORTUNITY IN THE MIDST OF A RENAISSANCE in the "New" City of Newark! The right buyer will see this opportunity for renting and/or living in this up and coming area near University Hghts and Downtown Newark. This Lg 3 Fam home (with 5 Fam potential) has hardwood floors throughout. Lg open porch leads to a Lg entry hallway. All apartments feature uniquely lg rooms and high ceilings. 1st fl. boasts 2 spaces: 1 bdrm w/lg EI kit; and a possible studio w/kit or laundry rm/storage potential. 2nd fl is a 3-bdrm with lg EI kit and 3rd fl is a 1-bdrm w/lg rooms and kit. Full unfinished basement is a walkout, presenting add'l space for storage or for the savvy investor with vision to potentially convert into an add'l apartment. 4 car off str. parking. Blocks from a major medical campus, Universities, schools, hospitals, major highways, public transport, Downtown Newark, Penn Station NYC, and more! Buyer responsible for CO CCC etc
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$803
HOA Dues
-
Year Built
-
Last updated: 2 months ago (NJMLS #23038268)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold $590,000
Sold
Mar 22, 2024 Listed by Realty Mark Central $550,000
Listed by Realty Mark Central
Mar 8, 2024 In contract -
In contract

Property Highlights

Parking Details
O/See Remk, Park Space
Interior Details

Bedroom Information

Bedrooms: 6

Bathroom Information

Bathrooms: 4

Room Information

Total Rooms: 13

Fireplace Information

None

Basement Information

Unfinished


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
5 Beds
3 Baths
-
$550,000 Mar 20, 2024
$550,000 Mar 20, 2024
$382/mo
Multifamily
7 Beds
2 Baths
-
$500,000 Jan 30, 2024
$500,000 Jan 30, 2024
$485/mo
Multifamily
9 Beds
4 Baths
-
$625,000 Mar 25, 2024
$625,000 Mar 25, 2024
$199/mo
Multifamily
9 Beds
6 Baths
-
$630,000 Oct 16, 2023
$630,000 Oct 16, 2023
$609/mo
Multifamily
9 Beds
5 Baths
-
$627,000 Jul 7, 2023
$627,000 Jul 7, 2023
$962/mo
Multifamily
Stu
-
-
$575,000 Nov 30, -0001
$603,000 Feb 28, 2024
-
Multifamily
6 Beds
5 Baths
-
$604,000 Oct 26, 2023
-
$728/mo
Multifamily
6 Beds
3 Baths
-
$525,000 Feb 26, 2024
-
$584/mo
Multifamily
6 Beds
5 Baths
-
$639,000 Feb 25, 2024
-
$662/mo
Multifamily
6 Beds
5 Baths
-
$625,000 Feb 28, 2024
-
$495/mo
Multifamily
6 Beds
-
-
$604,000 Dec 19, 2023
-
-
Multifamily
7 Beds
3 Baths
-
$594,750 Feb 1, 2024
-
$609/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

224 South 7th Street 224 South 7th Street, Newark, NJ 07103
  • 1 Unit for Sale
More about this Building
224 South 7th Street
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About Fairmount


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