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Under Contract
83 Jay St Newark City, NJ 07103
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 4007535
Annual Tax Amount $10,077
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
Excellent multifamily investment opportunity in Newark, NJ! Located at 83 Jay Street, this 6-unit income-producing property features six (6) 1-bedroom, 1-bathroom apartments, a highly desirable unit mix with strong rental demand. The building includes one detached garage, offering additional income potential. All units are equipped with baseboard heating for efficient and reliable tenant comfort. Situated in an established residential area with convenient access to public transportation, major highways, shopping, and employment centers. Ideal for investors seeking steady cash flow, long-term appreciation, and a buy-and-hold asset in a growing Newark rental market. Great opportunity to expand your multifamily real estate portfolio with a solid income property.
Location
State NJ
County Essex
Zoning .
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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