126 S 7th St
Newark City, NJ 07107
Price: $499,900
GSMLS: 4057554Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 8
Baths: 2 Full
Garage: No
Year Built: 1902
Acres: 0.07
Property Tax: $6,770
Description
INVESTMENT OPPORTUNITY! 126 S 7th St is a two-family property offering two spacious 4-bedroom, 2-bath units, making this an attractive opportunity for investors seeking a multi-family rental property. The property's two-unit configuration provides flexibility for an investor, owner-occupant, or buyer looking to build a residential investment portfolio. The generous 4-bedroom layouts offer potential for strong tenant appeal, while the property presents an opportunity to renovate, modernize, and add value. Ideal for investors seeking a value-add property, rental income opportunity, or long-term real estate investment. Conveniently located near transportation, shopping, schools, and major roadways. Property is being sold AS-IS. Buyer is responsible for conducting their own due diligence regarding property condition, zoning, permits, rental requirements, and potential uses.
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X125
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
None
Spaces Available:
n/a
Unit 1
Bedrooms:
4
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
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:
4
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
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:
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:
See Remarks
Heating Fuel:
Gas-Natural
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:
$499,900
Tax Amount:
$6,770
Land Assessment:
$33,800
Build. Assessment:
$135,500
Total Assessment:
$169,300
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4057554
List Date:
10-07-2026
Days On Market:
1
Listing Broker:
RE/MAX PROFESSIONALS I
Listing Agent:
Jorge Velasquez
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
