343 7th Ave W
Newark City, NJ 07107
Price: $575,000
GSMLS: 4031306Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 6
Baths: 3 Full
Garage: No
Year Built: 1920
Acres: 0.06
Property Tax: $5,702
Description
Don't miss this exceptional two-family property located in one of Newark's rapidly revitalizing neighborhoods. Each spacious unit features 3 bedrooms and 1 full bath, offering comfortable living spaces that appeal to both owner-occupants and tenants alike. This well-positioned property provides strong income potential and is situated in an area experiencing significant redevelopment, new investment, and community growth. Whether you're looking to expand your investment portfolio, generate rental income, or live in one unit while offsetting your mortgage with rental revenue from the other, this property presents outstanding possibilities.Conveniently located near major transportation routes, public transit, schools, parks, residents enjoy easy access to everything the city has to offer. Take advantage of the continued growth and revitalization happening throughout Newark and secure your place in one of New Jersey's most dynamic real estate markets. This is an opportunity you won't want to miss!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
25X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator
Utilities:
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, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
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:
2 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Wall A/C Unit(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas In Street, 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:
$575,000
Tax Amount:
$5,702
Land Assessment:
$18,800
Build. Assessment:
$123,800
Total Assessment:
$142,600
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4031306
List Date:
06-01-2026
Days On Market:
2
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Paulo Santos
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
