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643 N 5Th St
Newark City NJ 07107 US

$499,000

Pending Listing ID 3859171
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6 bed
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3.00 Bath (3 Full Bath)
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Lot: 0.06 Acres
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Other

$499,000

Pending Listing ID 3859171
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643 N 5Th St Presenting a fantastic opportunity for savvy investors and those seeking a versatile, three unit income-generating property in a prime Newark location. This property is ideally situated in a vibrant neighborhood, it boasts proximity to Branch Brook Park, Newark Schools Stadium, and one block from the Davenport Ave Light Rail Station. With easy access to local amenities, restaurants and shops. This legal three-unit property features three separate units, each comprising 2 bedrooms and 1 bathroom. Ideal for accommodating tenants or creating a comfortable living space for an owner-occupant. All three units boast spacious kitchens, inviting living areas, and dedicated dining spaces, ensuring a comfortable and attractive environment for residents. The property features a desirable balcony with the third unit, perfect for unwinding and enjoying the surroundings. Additionally, a nicely sized backyard provides a great opportunity for outdoor activities, gardening, or simply enjoying the fresh air. Whether you're looking to maximize rental income from all three units or plan to live in one unit while generating rental income from the others, this property presents a compelling investment opportunity. Don't miss the chance to own a three-unit property in a sought-after Newark neighborhood. Schedule a viewing today to see the potential and value that this property offers!

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Exterior Finish: Deck, Metal Fence, Patio, Privacy Fence, Sidewalk, Storm Window(s)
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Baseboard, Radiator, Steam
  • Additional Features
  • Patio

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 499000
  • unparsedaddress: 643 N 5Th St
  • postalcity: Newark City
  • stateorprovince: NJ
  • country: US
  • postalcode: 07107
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.06
  • lotsizeunits: Acres
  • lotsizearea: 0.06
  • livingarea: 3234
  • livingareaunits: Square Feet
  • latitude: 40.770376
  • longitude: -74.179612
  • listagentfullname: RYAN DANIHER
  • listagentemail: ryan.daniher@compass.com
  • listagentkey: 3yd-GSMLSNJ-311168
  • listagentmlsid: 311168
  • listagentpreferredphone: 9733106816
  • listagentofficephone: 9733106816
  • listofficekey: 3yd-GSMLSNJ-5502
  • listofficemlsid: 5502
  • disclaimer: Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GSMLSNJ
  • yearbuilt: 1907
  • listingcontractdate: 2023-08-10
  • listagenturl: https://www.compass.com/
  • countyorparish: Essex
  • appliances: Oven - Gas, Range, Refrigerator
  • constructionmaterials: Aluminum Siding
  • heating: Baseboard, Radiator, Steam
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • interiorfeatures: Blinds, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • exteriorfeatures: Deck, Metal Fence, Patio, Privacy Fence, Sidewalk, Storm Window(s)
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
  • patioandporchfeatures: Patio, Deck
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced, Privacy
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.179612, 40.770376
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/643-N-5th-St_Newark_NJ_07107_M69895-58729?f=listhub&s=GSMLSNJ&m=3859171&c=rexren", "LeadRoutingEmail":"ryan.daniher@compass.com", "BrokerName":"Compass NJ LLC", "ListingTitle":"3-Three Story, Multi-Family - Newark City, NJ", "ListOfficeBrokerMlsId":"287324", "ListOfficeEmail":"michele.zyska@compass.com", "ListOfficeAddress1":"1200 MORRIS TPKE", "ListOfficeAddress2":", ", "ListOfficeCity":"SHORT HILLS", "ListOfficePostalCode":"07078", "ListOfficeStateOrProvince":"NJ", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Compass NJ LLC", "ListBrokeragePhone":"(973) 310-6816", "ListBrokerageEmail":"michele.zyska@compass.com", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"1200 Morris Turnpike", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Short Hills", "ListBrokerageStateOrProvince":"NJ", "ListBrokeragePostalCode":"07078", "ListBrokerageCountry":"US", "RoomCount":14, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-03-21T14:26:56Z", "Taxes":[{"TaxYear":"2022", "TaxAnnualAmount":7323, "TaxDescription":null}]}
Listing Changed: 3/26/2024 2:53:04 PM GMT
Source Updated Date: 5/6/2024 6:38:53 AM GMT

Courtesy of: RYAN DANIHER, COMPASS NEW JERSEY, LLC, ryan.daniher@compass.com

Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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