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About This Home
This 9-bedroom, 5-bathroom residential multi family at 366 7th Ave W in Newark City, NJ is listed for $749,000 ($119 per sqft). Built in 1910, the home offers 6,312 sqft of living space on a 0.09 acres lot.
Welcome to this expansive legal 3-family property in the heart of Newark offering exceptional upside for investors, contractors, or owner-occupants seeking value-add potential. This spacious multi-family property features a total of 9 bedrooms and 3 full bathrooms across the main residential units, along with an additional finished basement space o
ffering 4 bonus rooms, a full bathroom, a half bath, and a separate entrance providing flexible use potential.Featuring generously sized layouts, high ceilings, abundant natural light, and classic architectural character throughout, the property offers an excellent foundation for renovation.
Situated on an oversized fenced-in lot with iron fence enclosure and gated entry, the property also includes a detached 2-car garage, separate utilities, and a large covered front porch adding to the home's curb appeal and presence. With over 6,300 sq ft of property area, this is a rare opportunity to reposition and customize a substantial multi-fa
mily asset in one of Newark's rapidly developing areas.Conveniently located near major transportation routes, shopping, schools, parks, and public transit with easy access to NYC commuting options. Property is vacant, requires a full cosmetic renovation, and is being sold strictly as-is. Buyer responsible for all municipal certificates, inspections, and due diligence. Excellent opportunity for investors seeking strong income potential, multi-generational living, or long-term appreciation upside.
Key Features
- Built in 1910
- 0.09 acre lot
- 2 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$4,006/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
366 7th Ave W
Newark City, NJ 07107-3664
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 9-bedroom, 5-bathroom residential multi family at 366 7th Ave W is listed at $749,000 ($119/sqft). The estimated monthly payment is $3,246 based on 20% down at 6.5% interest.
Key features include: Built in 1910, 0.09 acre lot, 2 parking spaces. Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector. Exterior Features: Metal Fence, Patio.
This property is listed by WILLIAM T. HELFRICHT and can be reached at 8885016953 or william@unitednorthjersey.com.








