504 N 7Th St Newark, NJ $ 650,000
504 N 7Th St
$ 650,000
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504 N 7Th St

Newark, NJ, 07107
$ 650,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 4,055

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Multi-Family Home for sale in Newark, NJ

for $650,000 with 4 bedrooms and 2 full baths. This home was built in 1940 on a lot size of 0.11.

Welcome to 506 N 7th St in the heart of Newark a versatile 2-family home offering excellent investment potential , The first floor is occupied by a long-term, reliable tenant, providing immediate rental income. The vacant second floor features beautiful hardwood floors, spacious rooms, 2 bedrooms, and exclusive access to a full walk-up attic, perfect for storage or future expansion possibilities.Outside, enjoy a 2-car detached garage and a private yard area. The property is ideally located near schools, shopping centers, houses of worship, and the world-famous Branch Brook Park, known for its cherry blossoms, walking trails, and year-round recreation. Commuters will appreciate the proximity to NJ Transit bus lines, light rail, and major highways, offering quick access to Downtown Newark, universities, and NYC.Whether you're an investor or an owner-occupant, 506 N 7th St delivers convenience, charm, and opportunity in one of Newark's most vibrant neighborhoods.

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Multi-Family Pending

Price

$ 650,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 10,055

Style

3-Three Story

Lot Size

0.11

Year Built

1940

Town/City

Newark

County/Region

Essex

MLS | Web ID

3999117

Features
Interior
Interior Amenities Carbon Monoxide Detector Smoke Detector Wood Floors
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 4
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General
Sewer Public Sewer
Heating 2 Units Radiators - Steam
Cooling None
Utilities All Underground Electric Gas In Street
Possession at closing
Roof Asphalt Shingle
Garage Spaces 2
Architectural Style 3-Three Story
Year Built 1940
Garage Detached Garage
Township Newark City
Tax Year 2024
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 11
Full Baths 2
Status Under Contract
Directions North 7th Street between Rutledge and 1st Avenue
Open Parking Spaces 2
Number Of Units Total 2
Tax Annual Amount 10055
Drive Driveway-Shared
Standard Status Under Contract
Tax Assessed Value 264400
Town # 1614
Tax Lot 15
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Exterior
Exterior Amenities Open Porch(es)
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 37.6X130
Lot Size Acres 0.11
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* Excluded Features
List By
NICHOLAS VERDI

Listing Agent

Keller Williams City Views Realty

Broker

NICKREO@AOL.COM

Email

Affordability Calculator

$4,893
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$838
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/23/2025$650,000 Listed Price

Map


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504 N 7Th St, Newark, NJ, 07107 is a Multi-Family Home for sale at $650,000 with a lot size of 0.11. 504 N 7Th St has 4 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 07107 which is in Newark, NJ