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  • $725,000

    38 11Th Ave, Newark City, NJ 07107

    9beds
    --sqft
    : 
    Multi Family
    Built in 1965
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modernized with quality finishes
    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!
    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#: 3955950MLS Logo
    Travel times

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    Next available tour time:Today at 11:30am

    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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