173 3Rd St, Newark City NJ 07107-2208

$550,000
Active
Newark City
Bedrooms
4

About this home

Newly updated multifamily situated on a spacious 25x114 lot with a generous backyard in the heart of Newark, NJ. Perfect for the savvy investor seeking immediate cash flow or an owner-occupant looking to live in one unit while generating rental income from the other. Unit 1 is vacant and move-in ready, ideal for an owner-occupant or to immediately place a tenant for rental income. Unit 2 is currently tenant occupied, providing cash flow from day one. Strategically located just off Route 280 with seamless access to major highways and NJ Transit for a short commute to NYC. Minutes from Payne Tech High School and close proximity to shopping, dining, and local amenities. Whether you are house hacking, building your portfolio, or seeking turnkey cash flow, this property checks every box. Opportunities like this don't last. Schedule your showing today.

Taxes & fees

Annual property tax
$7,538
Tax year
2025
Tax rate
3.999

Property details

Year Built
1910
Roof (*text)
Asphalt Shingle
Lot Size Area
0.07
MLS #
4042172

Features & amenities

Year Built (*numeric)
1910
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
45
Basement (*text)
Yes
Cooling (*text)
See Remarks
Garage spaces
0
Heating
2 Units
Lot dimensions
25X114.8
Property Location

40.75332, -74.18681

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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