366 7th Ave W

Newark City, NJ 07107


 

Price: $749,000

GSMLS:  4030698
Type: Multi-Family
Style: Triplex, Under/Over
Total Units: 3
Beds: 9
Baths: 4 Full & 1 Half
Garage: 2-Car
Year Built: 1910
Acres: 0.09
Property Tax: $8,441
Description
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 offering 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-family 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.
General Info
Style:
Triplex, Under/Over
SqFt Building:
6,312
Total Rooms:
15
Basement:
Yes - Finished, Full
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
Asphalt Shingle, Flat
Exterior:
Vinyl Siding
Lot Size:
40X100
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
2 Car Width, Blacktop
Spaces Available:
2
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Pantry, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room, Pantry
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Pantry
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
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:
3 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
Cable TV Available, Fiber Optic 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:
$749,000
Tax Amount:
$8,441
Land Assessment:
$20,600
Build. Assessment:
$190,500
Total Assessment:
$211,100
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4030698
List Date:
05-28-2026
Days On Market:
3
Listing Broker:
UNITED REAL ESTATE
Listing Agent:
William T. Helfricht
 

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RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
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Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
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Shawn and Diane Fox