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161-167 N 7th Street Newark, NJ $ 1,750,000
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161-167 N 7th Street
$ 1,750,000
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161-167 N 7th Street

Newark, NJ, 07107
$ 1,750,000
Baths0.0 Sq 9,370

Monthly Estimate*

$ 11,631

161-167 N 7th Street, Newark, NJ 07107 - Image 1
161-167 N 7th Street, Newark, NJ 07107 - Image 2
161-167 N 7th Street, Newark, NJ 07107 - Image 3
161-167 N 7th Street, Newark, NJ 07107 - Image 4
161-167 N 7th Street, Newark, NJ 07107 - Image 5
161-167 N 7th Street, Newark, NJ 07107 - Image 6
Studio

Multi-Family Home for sale in Newark, NJ

for $1,750,000. This 9,370 square foot home was built in 1910 on a lot size of 0.21.

Amazing INVESTMENT opportunity!!! Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings! This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths. With creative TLC you can upgrade this home to 20th century vibes. As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back. BONUS: Vacant buildable lot attached!

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.21

Year Built

1910

Town/City

Newark

County/Region

Essex

MLS | Web ID

22401627
Features
General
Sewer Public Sewer
Cooling Other
Exterior Features Patio Storm Door(s)
Garage Spaces 0.0
Year Built 1910
Stories 4
Property SubType Six Family
County Essex
New Construction N
Property Type Multi-Family
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
Directions From Orange st. turn right onto N 7th St. pass stop sign destination on right.
City Newark
View Y/N N
Zoning Description Planned Residential
NumberOfUnitsTotal 14
MLS Area Newark
Lot Size Units Acres
Lot Size Square Feet 9147.6
Waterfront Y/N N
Carport Y/N N
Street Name 7th
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Newark (NEW)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 142
Standard Status Active
TaxOtherAnnualAssessmentAmount 0.0
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Interior
Basement Finished
Flooring Other
Total Fireplaces 0
Air Conditioning Y/N Y
Full Baths 8
Street Suffix Street
Total Bedrooms 14
Electric On Property Y/N N
Total Baths 8
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Exterior
Parking Features Other
Total Parking 10.0
Lot Size Area 0.21
Spa N
Building Area Total 9370.0
Lot Dimensions 93.58X100
Lot Size Acres 0.21
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 161167
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* Excluded Features
List By
Rachel Aviv

Listing Agent

Silvera Realty Co.

Broker

rachel@silverarealtyco.com

Email

Affordability Calculator

$11,631
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,631
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
742343 Elementary School
742618 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/28/2024$1,750,000 -7.89% Price Down
1/18/2024$1,900,000 Listed Price

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161-167 N 7th Street, Newark, NJ, 07107 is a Multi-Family Home for sale at $1,750,000 with 9,370 sqft and a lot size of 0.21. 161-167 N 7th Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 07107 which is in Newark, NJ

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