- Multi-Family Residential
- Under Contract Cont. to Show
- 5 days ago
239 S 8th St
Newark City NJ 07103-3681
$660,000
1711.91
Description
This exceptional three-family property in Newark represents a premier investment or owner-occupant opportunity. Unit 3 is vacant, and you can buy this cash flowing property with only $24,500 down payment! The building features three spacious residential units complemented by a fully finished basement that includes a full bathroom for maximum utility and flexibility. Residents will benefit from a location that places them within a short distance of University Hospital and the city's major academic institutions including NJIT and Rutgers University. The property is ideally situated for effortless commuting with swift access to Newark Penn Station for Manhattan-bound trains as well as the Garden State Parkway and Interstate 280. Local amenities are abundant with the nearby Springfield Avenue Marketplace providing comprehensive shopping options and Branch Brook Park offering sprawling green space just minutes away. This residence combines substantial living space with a strategic location at the center of Newark's educational and medical corridor to ensure long-term value and convenience. Live in one unit and have the tenants pay off the entire mortgage or rent all 3 and cash flow positive over around $2k/month
Facts and Features
Type
Multi-Family Residential
Year Built
2025
Heating
Gas-Natural
SQFT
1711.91
Bedrooms
8
bathrooms
4.00
GARAGE
Status
Under Contract Cont. to Show
Interior Features
- Basement Description
- Finished
- Basement
- Yes
- Total # Full Baths
- 4
- Total # Baths
- 4.00
- # Bedrooms
- 8
- Cooling
- None
- Heating
- 3 Units, Baseboard - Hotwater
- Fuel Type
- Gas-Natural
- Status
- Under Contract Cont. to Show
- Total # Rooms
- 22
- Unit 1 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
- Unit 1 Baths
- 1.0
- Unit 1 Bedrooms
- 2
- Unit 1 Handicap Modified
- No
- Unit 1 Levels
- 1
- Unit 1 Owner/Tenant Pays
- Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 1 Rent
- 9999
- Unit 1 Room Description
- Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom
- Unit 1 Rooms
- 5
- Unit 1 Security Deposit
- 9999
- Unit 1 Sq Ft
- 954
- Unit 2 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
- Unit 2 Baths
- 1.0
- Unit 2 Bedrooms
- 3
- Unit 2 Handicap Modified
- No
- Unit 2 Levels
- 2
- Unit 2 Owner/Tenant Pays
- Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 2 Rent
- 9999
- Unit 2 Room Description
- Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom
- Unit 2 Rooms
- 6
- Unit 2 Security Deposit
- 9999
- Unit 2 Sq Ft
- 954
- Unit 3 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
- Unit 3 Baths
- 1.0
- Unit 3 Bedrooms
- 3
- Unit 3 Handicap Modified
- No
- Unit 3 Levels
- 3
- Unit 3 Owner/Tenant Pays
- Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 3 Rent
- 9999
- Unit 3 Room Description
- Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom
- Unit 3 Rooms
- 6
- Unit 3 Security Deposit
- 9999
- Unit 3 Sq Ft
- 954
- Unit 4 Owner/Tenant Pays
- Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 4 Room Description
- Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom
- Unit Style
- Triplex
Exterior Features
- Total Acres
- 0.03
- Parking/Driveway Description
- On-Street Parking
- Easement
- Unknown
- Exterior Description
- Brick
- Approximate Lot Size
- 1711.91
- Roof Description
- Flat
- Sewer
- Public Sewer
- Building Sq Ft
- 4294
- Total # Units
- 3
- Utilities
- Gas-Natural
- Water
- Public Water
- Construction Date/Year Built
- 1877
- Construction Date/Year Built Des
- Approximate