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Ryan Daniher

643 North 5th St

$545,000 643 N 5Th St, Newark City, NJ 07107
Presenting a fantastic opportunity for savvy investors and those seeking a versatile, three unit income-generating property in a prime Newark location. This property is ideally situated in a vibrant neighborhood, it boasts proximity to Branch Brook Park, Newark Schools Stadium, and one block from the Davenport Ave Light Rail Station. With easy access to local amenities, restaurants and shops. This legal three-unit property features three separate units, each comprising 2 bedrooms and 1 bathroom. Ideal for accommodating tenants or creating a comfortable living space for an owner-occupant. All three units boast spacious kitchens, inviting living areas, and dedicated dining spaces, ensuring a comfortable and attractive environment for residents. The property features a desirable balcony with the third unit, perfect for unwinding and enjoying the surroundings. Additionally, a nicely sized backyard provides a great opportunity for outdoor activities, gardening, or simply enjoying the fresh air. Whether you're looking to maximize rental income from all three units or plan to live in one unit while generating rental income from the others, this property presents a compelling investment opportunity. Don't miss the chance to own a three-unit property in a sought-after Newark neighborhood. Schedule a viewing today to see the potential and value that this property offers!
  • Sold
    Status
  • 6
    Bedrooms
  • 3
    Bathrooms
  • 1907
    Year Built
  • 3,234 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 3,234 Sq.Ft.
  • Lot Size: 2,613.6 Sq.Ft.
  • MLS® ID: 3859171
  • Type: Multi-Family
  • Year Built: 1907
  • Architecture Styles: 3-Three Story

Interior

  • Total Bedrooms: 6
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Flooring: Tile, Vinyl
  • Appliances: Gas Water Heater
  • Other Interior Features: Tile, Vinyl

Exterior & Building

  • Stories: 3
  • Water Source: Public
  • Utilities: Natural Gas Available
  • Roof: Asphalt
  • Lot Features: Level
  • Parking: On Street
  • Heat Type: Baseboard, Electric, Natural Gas
  • Air Conditioning: Window Unit(s)
  • Sewer: Public Sewer
  • Security Features: Smoke Detector(s)

Financial

  • Sales Price: $545,000
  • Real Estate Tax: $7,323/yr

643 North 5th St

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