297 S 7Th St Newark, NJ $ 795,000
297 S 7Th St
$ 795,000
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297 S 7Th St

Newark, NJ, 07103
$ 795,000
Bedrooms-- Baths-- Sq 4,800
297 S 7Th St, Newark, NJ 07103 - Image 1
297 S 7Th St, Newark, NJ 07103 - Image 2
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297 S 7Th St, Newark, NJ 07103 - Image 7
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297 S 7Th St, Newark, NJ 07103 - Image 9
297 S 7Th St, Newark, NJ 07103 - Image 10

Property for Rent in Newark, NJ

for $795,000 with 5 half baths. This 4,800 square foot property was built in 1920 on a lot size of 0.11.

This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.

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Rental Active

Price

$ 795,000

Half Bath

5

Taxes

$ 10,880

Style

Apartment Complex

Lot Size

0.11

Year Built

1920

Town/City

Newark

County/Region

Essex

MLS | Web ID

4002283

Features
General
Sewer Public Sewer
Construction Wood
Heating 4+ Units Baseboard - Electric Radiators - Hot Water Radiators - Steam
Cooling Window A/C(s)
Utilities Gas-Natural
Possession Immediate
Roof Asphalt Shingle
Zoning Res
Garage Spaces 0
Year Built 1920
Township Newark City
Property Type Apartment Complex Apartment Complex
Tax Year 2024
Ownership Fee Simple
Location Residential Area
Lease Information Month-To-Month
County Essex
Status Active
Directions 14th Ave to 7th
Number Of Units Total 5
Tax Annual Amount 10880
Drive None On-Street Parking
Leasable Area 0
Lease Type Other
Standard Status Active
Tax Assessed Value 286100
Town # 1614
Tax Lot 17
Farm Assessment No
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Interior
Basement Unfinished
Flooring Carpeting Laminate
Fuel Type Gas-Natural
Total Stories 3
Half Baths 5
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Exterior
Lot Features Corner
Water Source Public Water
Total Parking 0
Exterior Description Vinyl Siding
Building Area Total 4800
Lot Dimensions 56.10 X 86.4
Lot Size Acres 0.11
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* Excluded Features
List By
KHADIJAH CAESAR

Listing Agent

Monarch Realty & Associates

Broker

kcaesarhomes@gmail.com

Email

Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/20/2025$795,000 Listed Price

Map


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297 S 7Th St, Newark, NJ, 07103 is a Property for Rent at $795,000 with 4,800 sqft and a lot size of 0.11. 297 S 7Th St was built in 1920. The property's zip code is 07103 which is in Newark, NJ