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Listed by Kareisha Questel-Gordon Coldwell Banker, Montclair
$ 849,000
Est. payment | /mo
3 Baths
$ 849,000
Est. payment | /mo
3 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25006010
Style 2 Family
Full Baths 3
Property Sub-Type 2 Family
Property Description
YOUR SEARCH ENDS HERE! Great for Investors and Developers! This rare two-family home with A BONUS studio in Newark's premier residential corridor offers both immediate income and incredible development potential. Fully occupied the property generates strong NOI, making it an ideal investment with bridge income during the entitlement process. With a three-car garage, additional driveway parking for up to 6 cars, and protected NYC skyline views, this property is a prime candidate for value-add improvements, long-term appreciation, or high-density redevelopment. Zoned R3 Multi-Family on a 50' x 100' lot, it sits in an area with variance potential. A rare find in a thriving, transit-oriented market!
Location
State NJ
County Essex
Interior
Laundry None
Exterior
Garage Spaces 3.0
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