297 S 7Th St | Newark City

$795,000 | 5 Baths (5 Half) | 4,800 Sq. Ft.

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT. GSMLS 4002283

Directions to property: 14th Ave to 7th

MLS Listing ID: 
GSMLS 4002283
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: 
1920
Living Area: 
4,800
Basement: 
Unfinished
Construction
Construction Materials: 
Wood
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
5
Total Half-Bathrooms: 
5
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Baseboard - Electric, Radiators - Hot Water, Radiators - Steam
Heating System Fuel: 
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): 
56.10 X 86.4
Waterfront: 
0
Lot Features
Driveway: 
None, On-Street Parking
Parking Type: 
None, On-Street Parking
Total Parking Spaces: 
0
Public Record
Parcel Number: 
1614-00269-0000-00017-0000-
Lot Number: 
17
Annual Tax: 
$10,880.00
Property Zoning: 
Res
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
12/19/2025
Contract Details
Details about the listing contract.
Possession: 
Immediate
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
MONARCH REALTY & ASSOCIATES