Excellent investment opportunity in Newark?s desirable 07104 area! This 3-family property offers strong income potential and additional living space with a finished bonus basement. Unit 1 features 2 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. Units 2 and 3 each offer 3 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. The finished basement includes 2 bedrooms, a living room, and a semi-kitchen setup, providing flexible use options. Property requires TLC and presents an ideal value-add opportunity for investors or owner-occupants looking to renovate and maximize returns. Property may be delivered vacant, allowing the next owner to complete modern updates and achieve market rents. Conveniently located near transportation, shopping, schools, and major highways. Being sold as-is. Buyers responsible for conducting their own due diligence regarding legal use and municipal requirements.
32 Martin Luther King Jr B, Newark City NJ 07104-4498
Property City
Newark City
Property Price
$875,000
Bedrooms
8
Year Built
1882
Tax Annual Amount
$6782
TaxYear (*text)
2025
Roof (*text)
See Remarks
Lot Size Area
0.06
MLS Status
Active
MLS #
4031549
Yearly Tax Rate
3.999
Year Built (*numeric)
1882
Basement
Yes
Roofing (*text)
See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
0
Heating
3 Units
Lot Size Dimensions
25X100
Data import from
GSMLS