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Map
$499,000
●
Multifamily -
In Contract
643 N 5Th St
Newark City, NJ 07107
6 Beds
0 Bath
$499,986
RealtyHop Estimate
0.20%
Since Oct 1, 2023
NY-New York
Primary Model
About This Property
Presenting a fantastic opportunity for savvy investors and those
seeking a versatile, three unit income-generating property in a
prime Newark location. This property is ideally situated in a
vibrant neighborhood, it boasts proximity to Branch Brook Park,
Newark Schools Stadium, and one block from the Davenport Ave Light
Rail Station. With easy access to local amenities, restaurants and
shops. This legal three-unit property features three separate
units, each comprising 2 bedrooms and 1 bathroom. Ideal for
accommodating tenants or creating a comfortable living space for an
owner-occupant. All three units boast spacious kitchens, inviting
living areas, and dedicated dining spaces, ensuring a comfortable
and attractive environment for residents. The property features a
desirable balcony with the third unit, perfect for unwinding and
enjoying the surroundings. Additionally, a nicely sized backyard
provides a great opportunity for outdoor activities, gardening, or
simply enjoying the fresh air. Whether you're looking to maximize
rental income from all three units or plan to live in one unit
while generating rental income from the others, this property
presents a compelling investment opportunity. Don't miss the chance
to own a three-unit property in a sought-after Newark neighborhood.
Schedule a viewing today to see the potential and value that this
property offers!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$610
HOA Dues
-
Year Built
1907
Listed By
Last updated: 10 months ago (GSMLS #3859171)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 2, 2023 | In contract | - | |
In contract | |||
Aug 10, 2023 | Listed by COMPASS NEW JERSEY, LLC | $499,000 | |
Listed by COMPASS NEW JERSEY, LLC |
Property Highlights
Parking Details
Driveway Description: On-Street Parking
Garage Description: On-Street Parking
Interior Details
Interior Information
Interior Features: Blinds, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Water Heater: Gas
Basement Information
Has Basement
Basement Description: Bilco-Style Door, Full, Unfinished
Exterior Details
Property Information
Year Built Description: Approximate
Lot Information
Lot Description: Level Lot
Financial Details
Tax Rate: 3.736
Tax Rate Year: 2022
Tax Year: 2022
Tax Amount: $7,323
Assessment Building: $148,500
Assessment Land: $47,500
Assessment Total : $196,000
Utilities Details
Cooling Type: Window A/C(s)
Heating Type: 1 Unit, Baseboard - Hotwater, Radiators - Steam
Heating Fuel: Electric, Gas-Natural
Water Source: Public Water
Sewer Septic: Public Sewer
Utilities: Electric, Gas-Natural
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/10/2023
|
|
6 Bed
|
-
|
-
|
$499,000
6 Bed
-
|
-
-
|
-
|
RYAN DANIHER
COMPASS NEW JERSEY, LLC
|
Building Info
![643 North 5th Street](https://photos.realtyhop.com/p/s/990x990/26369427_4f3e9ecd1e23f40277db81ff1e994b82bb9e74c084e97043dc18a28fa7f3ef58.webp)