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Listed by Kareisha Questel-Gordon Coldwell Banker, Montclair
$849,000
Est. payment /mo
3 Baths
OPEN HOUSE
Sat Mar 01, 2:00pm - 4:00pm
Sun Mar 02, 2:00pm - 4:00pm
UPDATED:
02/26/2025 10:07 PM
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25006010
Style 2 Family
Full Baths 3
Property Sub-Type 2 Family
Property Description
YOUR SEARCH ENDS HERE! Great for Investors and Developers! This rare two-family home in Newark's premier residential corridor offers both immediate income and incredible development potential. Fully occupied with two spacious units PLUS A BONUS STUDIO, the property generates strong NOI, making it an ideal investment with bridge income during the entitlement process. Zoned R3 Multi-Family on a 50' x 100' lot, it sits in an area with variance potential. With a three-car garage, additional driveway parking for up to 6 cars, and protected NYC skyline views, this property is a prime candidate for value-add improvements, long-term appreciation, or high-density redevelopment. A rare find in a thriving, transit-oriented market!
Location
State NJ
County Essex
Interior
Laundry None
Exterior
Garage Spaces 3.0
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Garima Verma
Broker & Co-Founder | License ID: 1859462
Broker & Co-Founder License ID: 1859462