This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases.Recent updates include a new roof (1 year old) and upgraded electrical wiring. Located in a high-traffic area with excellent visibility, this property offers strong rental demand and significant upside potential.Perfect for owner-occupants, this multi-family property with commercial space offers a unique opportunity to live and collect rent. FHA financing available with just 3.5% down. Ideal for those looking to invest in their future while generating consistent rental income.Don't miss out on this rare opportunity schedule your showing today!
Active
$880,000
67 Broadway, Newark City, NJ 07104
7beds
2,997sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$294/sqft
$-- HOA
What's special
- 32 days
- on Zillow |
- 335 |
- 14 |
Zillow last checked: 12 hours ago
Listing updated: March 26, 2025 at 12:54pm
Listed by:
Albertina Goncalves 908-558-2727,
Re/Max In Action
Source: GSMLS,MLS#: 3953067

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2.1
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- 3 Units, Natural Gas
Appliances
- Included: Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Gas Water Heater
Features
- Kitchen, Living/Dining Room, Storage, Bedrooms
- Flooring: Tile
- Basement: Yes,Unfinished,Walk-Out Access
- Number of fireplaces: 1
Interior area
- Total structure area: 2,997
- Total interior livable area: 2,997 sqft
Property
Parking
- Parking features: On Street, On-Street Parking
- Has uncovered spaces: Yes
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 1,742.4 Square Feet
- Dimensions: 25 x 75
Details
- Parcel number: 1614004490000000620000
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Flat
Condition
- Year built: 1900
- Major remodel year: 2023
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
Location
- Region: Newark
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $341,400
- Annual tax amount: $12,983
- Date on market: 3/26/2025
- Total actual rent: 4570
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
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