575 N 6th St
Newark City, NJ 07107
Price: $799,000
GSMLS: 3978548Type: Multi-Family
Style: 3-Three Story
Total Units: 4
Beds: 7
Baths: 4 Full
Garage: No
Year Built: Unknown
Acres: 0.06
Property Tax: $9,283
Description
Discover A Rare Gem In Newark's North Ward: An Income-producing, Four-unit Property Featuring A Ground-floor Unit With Commercial Potential. Currently, Fully Occupied, This Asset Offers Immediate Cash Flow. The First Floor Tenant Will Vacate Soon, Presenting A Valuable Opportunity To Convert The Space Into High-demand Commercial Use Or Retain As Residential. Situated Near Light Rail And Nj Transit Bus Lines- Steps From Newark Penn Station- And Surrounded By High Foot And Vehicle Traffic, The Location Ensures Excellent Visibility And Accessibility For Both Renters And Customers. Ideal For Sophisticated Investors Or Owner-occupiers Seeking To Live In One Unit And Rent Others. This Property Is Within C-1 Zoning ( Commercial-neighborhood). Please Do Your Own Due Diligence. One Of The Units Is In The Back (rear Unit)
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
14
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Roof:
Flat
Exterior:
Brick, Stucco
Lot Size:
24.10X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
See Remarks
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
4+ Units
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
Cable TV Available
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$799,000
Tax Amount:
$9,283
Land Assessment:
$100,000
Build. Assessment:
$144,100
Total Assessment:
$244,100
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3978548
List Date:
07-31-2025
Days On Market:
56
Listing Broker:
DIAS & ASSOCIATES REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
