Great Investment Opportunity! This fully leased, income-producing 3-family home is located in a desirable Newark neighborhood and was completely updated and renovated just 5 years ago. Well maintained and fully occupied with reliable tenants, this property offers strong rental income and long-term potential. The first floor features a spacious 4-bedroom, 2-bathroom unit, while the second floor is split into two well-laid-out units one with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath. Each unit has been modernized with quality finishes and thoughtful updates throughout. All utilities separate. A turnkey property with immediate cash flow in a prime location close to transportation, schools, shopping, and more. This is a must-see for any serious investor!
Active
$725,000
38 11Th Ave, Newark City, NJ 07107
9beds
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modernized with quality finishes
- 16 days
- on Zillow |
- 423 |
- 26 |
Zillow last checked: 12 hours ago
Listing updated: April 09, 2025 at 07:42am
Listed by:
Edan Young 201-796-7777,
Exclusive Properties Realty Llc
Source: GSMLS,MLS#: 3955950

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- 3 Units, Baseboard - Hotwater, Natural Gas
Appliances
- Included: Range/Oven - Gas, Refrigerator
Features
- Bedrooms, Dining Room, Kitchen, Living Room
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 3
- Parking features: On Street
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1,742.4 Square Feet
- Dimensions: 25 x 64
Details
- Parcel number: 1614018100000000010000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Flat
Condition
- Year built: 1965
- Major remodel year: 2020
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $289,600
- Annual tax amount: $11,013
- Date on market: 4/9/2025
- Total actual rent: 6000
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
- Electric utility on property: Yes
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