Active

Price cut: $50K (8/31)

$1,049,900

106 S 7Th St, Newark City, NJ 07107

9beds

5,204sqft

$7,626/mo

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Multi Family

Built in 2026

-- sqft lot

$1,043,100 Zestimate^®

$202/sqft

$-- HOA

What's special

All new ground up Triplex offering 5,204 SQ-FT of living space. Sellers will allow the buyer(s) to pick his/her finishes before the construction is completed. This spectacular three family property features six bathrooms and nine bedrooms. Are you a first time home buyer or a savvy investor, well, this property should not evade your great judgement. The City of Newark is rapidly regaining its former glory and you do not want to regret the fact that you miss the opportunity to be part of its brighter future.

71 days
239
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6

Heating

3 Units, Forced Air, Electric, Natural Gas

Cooling

3 Units, Central Air

Appliances

Included: Dishwasher, Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven, Gas Water Heater
Laundry: Laundry Room

Features

High Ceilings, Walk-In Closet(s), Bedrooms, Eat-in Kitchen, Living/Dining Room, Master Bedroom, Eat-In Kitchen
Flooring: Tile, Wood
Basement: None
Has fireplace: No

Interior area

Total structure area: 5,204
Total interior livable area: 5,204 sqft

Property

Parking

Total spaces: 2
Parking features: 2 Car Width, Concrete Strip, Off Street, Built-In Garage, On Site
Attached garage spaces: 2
Uncovered spaces: 2

Features

Exterior features: Curbs, Sidewalk

Lot

Size: 3,484 Square Feet
Dimensions: 30 x 112
Features: Level, Open Lot

Details

Parcel number: 1614018100000000540000
Zoning description: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Slab
Roof: Asphalt Shingle

Condition

Under Construction
New construction: Yes
Year built: 2026

Utilities & green energy

Sewer: Public Available, Public Sewer
Water: Public
Utilities for property: Underground Utilities, Cable Connected, Cable Available, Garbage Included

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher

Location

Region: Newark

Financial & listing details

Price per square foot: $202/sqft
Tax assessed value: $179,400
Annual tax amount: $7,174
Date on market: 7/31/2026
Exclusions: TBD
Total actual rent: 9800
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$1,043,100

$991,000 - $1.10M

$2,304/mo

Price history

Date	Event	Price
8/31/2026	Price change	$1,049,900-4.5%$202/sqft
Source: GSMLS #4043197 Report a problem
7/28/2026	Listed for sale	$1,099,900+93%$211/sqft
Source: NJMLS #26028314 Report a problem
7/10/2017	Sold	$570,000+1017.6%$110/sqft
Source: Public Record Report a problem
3/12/2016	Listing removed	$51,000$10/sqft
Source: Homepath #3272297 Report a problem
1/5/2016	Pending sale	$51,000$10/sqft
Source: Homepath #3272297 Report a problem
12/22/2015	Listed for sale	$51,000-85.4%$10/sqft
Source: Homepath #3272297 Report a problem
9/25/2008	Sold	$350,000+34.6%$67/sqft
Source: Public Record Report a problem
9/19/2005	Sold	$260,000$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,174 +5.2%	$179,400
2024	$6,823 +0.1%	$179,400
2023	$6,817	$179,400
2022	$6,817	$179,400
2021	$6,817 +1%	$179,400
2020	$6,747 +37.4%	$179,400
2019	$4,909	$179,400
2018	$4,909 -20.5%	$179,400
2017	$6,171 +4%	$179,400
2016	$5,936 +6.7%	$179,400
2015	$5,563 +5%	$179,400
2014	$5,298 -0.4%	$179,400
2013	$5,320 +3.7%	$179,400 +16.4%
2012	$5,128 +4.7%	$154,100
2011	$4,900 +16.1%	$154,100
2010	$4,221 +5.4%	$154,100
2009	$4,005 +4.4%	$154,100
2008	$3,837 +16.3%	$154,100
2007	$3,299	$154,100 +16.3%
2006	--	$132,500
2005	--	$132,500
2004	$2,612	$132,500
2003	--	$132,500 +1083%
2002	--	$11,200
2001	--	$11,200