7 White Ter
Newark City, NJ 07108
Price: $595,000
GSMLS: 3994422Type: Multi-Family
Style: Under/Over
Total Units: 2
Beds: 6
Baths: 4 Full
Garage: No
Year Built: 1907
Acres: 0.08
Property Tax: $6,457
Description
Investor Alert! Don't miss this incredible opportunity to own a spacious 2-family detached home in the heart of Essex County, situated on a quiet dead-end street.The first-floor unit features 1 bedroom, 2 full bathrooms, and a finished basement perfect for additional living or storage space. This unit will be vacant at closing, ready for an owner-occupant or new tenant.The second-floor unit offers 5 bedrooms, 2 full bathrooms, and ample storage space, currently occupied by a paying tenant providing immediate income.Recent updates include new windows and a newer heating system. The property also boasts hardwood floors, private backyard with a stone patio, and enclosed front porches on both levels, all enclosed by an iron fence for added privacy.This home is being sold as-is, and the buyer is responsible for all municipal inspections, certifications, and the certificate of occupancy.With strong rental potential (estimated fair market rents of approximately $1,768 for the 1-bedroom unit and $3,065 for the 4"5-bedroom unit), this property is an excellent addition to any investor's portfolio. There's even potential to convert to a 3-family with city approval.Endless potential " live in one unit, rent the other, or expand your investment portfolio!
General Info
Style:
Under/Over
SqFt Building:
n/a
Total Rooms:
17
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, Brick
Lot Size:
40X90 .0826
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
1
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room, Master Bedroom, Rec Room, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Utilities:
Owner Pays Electric, Owner Pays Gas
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
2
Total Rooms:
10
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
None
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
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:
$595,000
Tax Amount:
$6,457
Land Assessment:
$23,400
Build. Assessment:
$146,400
Total Assessment:
$169,800
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3994422
List Date:
10-24-2025
Days On Market:
79
Listing Broker:
HOMESTARR 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
