372 6Th Ave | Newark City

$999,999 | 6 Baths (6 Half) | 999 Sq. Ft.

This prime six-unit opportunity has a 6.5% Cap Rate located in a high growth development zone. A true turn-key investment with lots of room for upsize with 50% of the units being leased below market values. Don't miss the chance to invest in a strategic asset within one of the city's most promising growth markets and has a strong rental history. Each unit features spacious layouts, modern amenities and strong tenant demand; ideal for both seasoned and new investors looking to grow their real estate portfolio. GSMLS 3970956

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MLS Listing ID: 
GSMLS 3970956
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: 
1900
Living Area: 
999
Basement: 
Full
Construction
Construction Materials: 
Brick/Block
Roof: 
Asphalt Shingle, Flat
Exterior: 
Brick/Block
Energy Information: 
All Underground, Electric, Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
50X100
Waterfront: 
0
Lot Features
Driveway: 
See Remarks
Parking Type: 
See Remarks
Public Record
Parcel Number: 
1614-01923-0000-00002-0000-
Lot Number: 
2
Annual Tax: 
$16,162.00
Property Zoning: 
Com
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
6/21/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building Insurance, Building Maintenance, Common Area Maint, Sewer, Taxes, Trash Removal, Water
Possession: 
at closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COMPASS NEW JERSEY, LLC