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Active
  • $880,000

    67 Broadway, Newark City, NJ 07104

    7beds
    2,997sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $294/sqft
    $-- HOA

    What's special

    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!
    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#: 3953067MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 67 Broadway.

    Next available tour time:Today at 11am

    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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