Active

$865,000

564 Broadway, Newark City, NJ 07104

7beds

--sqft

Est.:

Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

High ceilingsHardwood floors

GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.

92 days

90

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

2 Units, Forced Air, Radiators - Hot Water, Natural Gas

Cooling

1 Unit, Central Air, Wall Unit(s), Window Unit(s)

Appliances

Included: Exhaust Fan, Range/Oven - Gas, Kitchen Exhaust Fan, Gas Water Heater

Features

Bedrooms, Kitchen, Living/Dining Room, Eat-In Kitchen
Basement: Yes,Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: None

Lot

Size: 3,049.2 Square Feet
Dimensions: 27.3 x 104.6

Details

Parcel number: 1614006790000000630000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $171,300
Annual tax amount: $6,514
Date on market: 9/13/2025
Total actual rent: 5575
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas