37 Jay St | Newark City

$2,495,000 | 12 Baths (12 Half) | 11,724 Sq. Ft.

Incredible investment opportunity in the heart of University Heights, Newark! This package deal includes four fully occupied 3-family homes (total of 12 units) all located within the same block:1-37 Jay St (Block 2850 Lot 22)2-39 Jay St (Block 2850 Lot 23)3-46 Hudson St (Block 2850 Lot 33)4-46 Hudson St (Block 2850 Lot 35)The four properties are fully occupied with long-term tenants. All buildings are in good-average condition with low maintenance costs and low property taxes, making this a turnkey cash-flowing asset in one of Newark's fastest-growing neighborhoods.Attractive current gross income with further upside through rent optimization. Sold strictly as-is, this package is ideal for investors or 1031 exchange buyers seeking stability and scale. Cap rate to be calculated based on GOI.This is a rare chance to own a high-density, income-producing portfolio all in one block steps from universities, transportation, and new development. GSMLS 3957601

Directions to property: Sussex Ave to Jay St

MLS Listing ID: 
GSMLS 3957601
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1940
Living Area: 
11,724
Basement: 
Unfinished
Construction
Construction Materials: 
See Remarks
Roof: 
Asphalt Shingle, Flat
Exterior: 
Vinyl Siding
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
12
Total Half-Bathrooms: 
12
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.05
Lot Size (Dimensions): 
100x100
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Public Record
Parcel Number: 
1614-02850-0000-00022-0000-
Lot Number: 
22,23,33,3
Annual Tax: 
$23,403.00
Property Zoning: 
Res
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/18/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building & Land
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REALTY ONE GROUP LEGEND