Description
Spacious and income-producing two-family home located in Newark's desirable Fairmount neighborhood, offering an excellent opportunity for both owner-occupants and investors - ideal for buyers looking to offset their mortgage with rental income. This well-maintained property features two oversized units with a total of 6 bedrooms and 2 full bathrooms, plus a fully finished basement providing additional flexible living space. The first unit offers 3 bedrooms and 2 full bathrooms, including a finished lower level with bonus rooms and a separate entrance. The second unit features an expansive 3-bedroom, 2-bath layout with a finished attic, providing additional usable space. Additional highlights include hardwood, vinyl, and tile flooring throughout, laundry area and ample storage spaces, private balcony space, and separate utilities. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile multi-family property offers space, functionality, and long-term value in a prime Newark location. Eligible buyers may qualify for down payment and closing cost assistance programs, enhancing overall affordability.
Details
| MLS # | 4051251 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1897 |
| Days On Site | 27 |
| Listing Provided By | COMPASS NEW JERSEY LLC | CARLOS BELTRAN |
Features
| Bath(s) | 2 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 5686 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07107 |
| Area | Essex |
| Listing VS Median (in 07107) | |
Price: $615,000 low | high Med: $2,950 On site: 27 low | high Med: 174 | |
Market Activity 07107
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07107 |
| Area | Essex |
| Listing VS Median (in 07107) | |
Price: $615,000 low | high Med: $2,950 On site: 27 low | high Med: 174 | |