by RHP Realty

Check Availability
$499,000
Multifamily - In Contract

643 N 5Th St

Newark City, NJ 07107
bedrooms
6 Beds
bathrooms
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

RYAN DANIHER
COMPASS NEW JERSEY, LLC
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
3.1 Baths
-
$499,000 Nov 30, -0001
$525,000 Jan 4, 2023
-
House
6 Beds
3 Baths
-
$525,000 Nov 30, -0001
$485,000 Feb 8, 2022
-
Multifamily
Stu
-
-
$515,000 Nov 30, -0001
$550,000 Mar 24, 2023
-
Multifamily
Stu
-
-
$459,900 Nov 30, -0001
$459,900 Apr 25, 2023
-
Multifamily
Stu
-
-
$499,000 Nov 30, -0001
$567,500 Feb 8, 2022
-
Multifamily
Stu
-
-
$469,900 Nov 30, -0001
$490,000 Mar 8, 2023
-
Multifamily
6 Beds
2 Baths
-
$549,000 Jun 26, 2023
-
$1,075/mo
Multifamily
6 Beds
4 Baths
-
$550,000 Jan 17, 2023
-
$903/mo
Multifamily
6 Beds
-
-
$549,000 May 22, 2023
-
-
Multifamily
6 Beds
-
-
$430,000 Jul 12, 2023
-
-
Multifamily
6 Beds
4 Baths
-
$595,000 Aug 11, 2023
-
$610/mo
Multifamily
5 Beds
-
-
$450,000 Sep 1, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230810
08/10/2023
6 Bed
-
-
$499,000
bedrooms
6 Bed
bathrooms
-
-
-
-
RYAN DANIHER
COMPASS NEW JERSEY, LLC

Building Info

643 North 5th Street 643 North 5th Street, Newark, NJ 07107
More about this Building
643 North 5th Street
Want to find out who owns 643 North 5th Street, Newark, NJ 07107? Get detailed property transactions here .

About Upper Roseville


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