337 South 19th Street, Newark, NJ 07103
337 South 19th Street, Newark, NJ 07103
337 South 19th Street, Newark, NJ 07103
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Listed by Darrell Bailey • EXP Realty, LLC • (862) 283-1281
$480,000
Est. payment /mo
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10 Beds
3 Baths
Active

337 South 19th Street Newark, NJ 07103

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24037283

Style 3 Family

Bedrooms 10

Full Baths 3

Annual Tax Amount $6,628

Property Sub-Type 3 Family

Property Description

Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730 to 800K + with projected rents of $2,000 to $2,500 per unit, the property can generate $8,000 to $10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS,"

Location

State NJ

County Essex

Area Newark

Interior

Heating Gas, Other Fuel Source/See Rmks

Fireplaces Type None

Laundry None

Exterior

Exterior Feature Aluminum, Vinyl

Parking Features None

Utilities Available O/See Rmks, Sep Heat

Waterfront Description None

View None

Building

Lot Description Regular

Architectural Style Top/Btm

Others

Ownership Private

Miscellaneous None

New Jersey (NJMLS Include SOLD)

NEARBY SCHOOL & BUSINESS

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Isaac De Castro

Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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