About This Home
This 9-bedroom, 3-bathroom residential multi family at 232 2nd St in Newark City, NJ is listed for $789,999. Built in 1900, on a 0.09 acres lot.
Key Features
- Built in 1900
- 0.09 acre lot
- 3 stories
- 2 parking spaces
Property Details
This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income.
The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants.
Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
Monthly Cost Estimate
$4,225/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
232 2nd St
Newark City, NJ 07107-3208
Features & Amenities
Interior Features
Exterior Features
Property Details
Pool Features
Questions & Answers
This 9-bedroom, 3-bathroom residential multi family at 232 2nd St is listed at $789,999. The estimated monthly payment is $4,225 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.09 acre lot, 3 stories, 2 parking spaces. Interior Features: Carbon Monoxide Detector, Smoke Detector, Wood Floors. Exterior Features: Metal Fence, Open Porch(es).
This property is listed by CRYSTAL JAMES and can be reached at (973) 509-2222.
