Overview
Property ID: 83999
- Multi-Family
- 6
- 3
- 2322
- 1987
- 83999
Description
The buyer will pay a 3% commission for this deal.
Excellent opportunity to own an income-producing, three-family property in Newark, New Jersey! This fully occupied triplex offers established rental income, separate utility meters, and the potential for future rent increases, making it an attractive addition to any real estate investment portfolio.
PROPERTY BREAKDOWN
Unit 1: 2-bedroom apartment currently renting for $1,560/month. Lease is month-to-month.
Unit 2: 3-bedroom apartment currently renting for $1,540/month. Lease expires March 2027.
Unit 3: 1-bedroom apartment currently renting for $1,250/month. Lease expires June 2027.
CURRENT RENTAL INCOME
Total monthly rental income: $4,350
Total annual rental income: $52,200
Address
Open on Google Maps- Address Norwood Street, Newark, New Jersey, 07106
- County Essex
- State/county New Jersey
- Zip/Postal Code 07106
- City Newark
Contact Information
Details
Updated on October 12, 2026 at 1:24 pm- Property ID: 83999
- Price: $559,000
- Property Size: 2322 sqft
- Bedrooms: 6
- Bathrooms: 3
- Year Built: 1987
- Property Type: Multi-Family
- Property Status: For Sale
