Income-Producing Two-Unit Multifamily Newark, NJ Revitalizing Corridor! A well-positioned two-family property offering immediate cash flow potential in one of Newark's most actively developing neighborhoods. Situated on a quiet, low-traffic residential street with strong community infrastructure. Unit 2 is fully approved for Housing Choice Vouchers (Section 8), providing investors with guaranteed,… Read More government-backed rental income. Unit 1 is currently in the HCV approval process, positioning this property for a fully voucher-supported, low-vacancy income stream upon completion. New construction nearby signals active neighborhood investment and rising property values. This is a ground-floor opportunity in a submarket undergoing meaningful revitalization ideal for the buy-and-hold investor seeking durable, long-term returns. Read Less
Courtesy of EXP REALTY, LLC, KENE A. EZE, 732-306-5992
Listing Snapshot
Days Online
35
Last Updated
Property Type
Other
Beds
7
Square Ft.
2,600
Lot Size
0.06 Acres
Year Built
1909
MLS Number
4009953
30 Days Snapshot Of 07103
$380k
0%
(avg) sold price
2
-50%
homes sold
69
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Building
Built in 1909
Cooling
Central Air
Exterior Features
Aluminum Siding
Water Features
Public Water
Heating
Gas-Natural, 2 Units, Forced Hot Air, Radiators - Steam
Lot
Approximate Lot Size: 25X100, 0.06 acres
Parking
On-Street Parking
Property
2,600 sqft building, 2 units, FHA Age Restricted: No
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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