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Under contract
  • Price cut: $49K (6/17)
    $700,000

    366 7th Ave W, Newark City, NJ 07107

    9beds
    6,312sqft
    : 
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    Multi Family
    Built in 1910
    -- sqft lot
    $706,400 Zestimate®
    $111/sqft
    $-- HOA

    What's special

    High ceilingsIron fence enclosureFinished basement spaceGated entryClassic architectural characterCurb appealSeparate entrance
    Welcome to this expansive legal 3-family property in the heart of Newark offering exceptional upside for investors, contractors, or owner-occupants seeking value-add potential. This spacious multi-family property features a total of 9 bedrooms and 3 full bathrooms across the main residential units, along with an additional finished basement space offering 4 bonus rooms, a full bathroom, a half bath, and a separate entrance providing flexible use potential.Featuring generously sized layouts, high ceilings, abundant natural light, and classic architectural character throughout, the property offers an excellent foundation for renovation. Situated on an oversized fenced-in lot with iron fence enclosure and gated entry, the property also includes a detached 2-car garage, separate utilities, and a large covered front porch adding to the home's curb appeal and presence. With over 6,300 sq ft of property area, this is a rare opportunity to reposition and customize a substantial multi-family asset in one of Newark's rapidly developing areas.Conveniently located near major transportation routes, shopping, schools, parks, and public transit with easy access to NYC commuting options. Property is vacant, requires a full cosmetic renovation, and is being sold strictly as-is. Buyer responsible for all municipal certificates, inspections, and due diligence. Excellent opportunity for investors seeking strong income potential or long-term appreciation upside.
    47 days
    |
    278
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    William T. Helfricht 201-636-1979,

    United Real Estate

    Source: GSMLS,MLS#: 4030698MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 4.1
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • 3 Units, Baseboard - Hotwater, Natural Gas
      Appliances
      • Included: Gas Water Heater
      Features
      • Bedrooms, Eat-in Kitchen, Kitchen, Living Room, Pantry, Dining Room, Eat-In Kitchen
      • Basement: Yes,Finished,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 6,312
      • Total interior livable area: 6,312 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: 2 Car Width, Asphalt, Detached Garage
      • Garage spaces: 2
      • Uncovered spaces: 2
      Features
      • Patio & porch: Patio, Porch
      • Fencing: Metal Fence
      Lot
      • Size: 3,920 Square Feet
      • Dimensions: 40 x 100
      Details
      • Parcel number: 1614019080000000010000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Roof: Asphalt Shingle,Flat
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Underground Utilities, Cable Available, Fiber Optic Available

      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: $111/sqft
      • Tax assessed value: $211,100
      • Annual tax amount: $8,441
      • Date on market: 5/31/2026
      • Exclusions: None
      • Total actual rent: 0
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

        Estimated market value

        $706,400

        $671,000 - $742,000

        $2,005/mo

        Price history

        DateEventPrice
        6/26/2026Pending sale$700,000$111/sqft
        Source: GSMLS #4030698 Report a problem
        6/17/2026Price change$700,000-6.5%$111/sqft
        Source: GSMLS #4030698 Report a problem
        5/31/2026Listed for sale$749,000+5892%$119/sqft
        Source: GSMLS #4030698 Report a problem
        6/6/1996Sold$12,500$2/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,442 +5.2%$211,100
        2024$8,028 +0.1%$211,100
        2023$8,022 $211,100
        2022$8,022 $211,100
        2021$8,022 +1%$211,100
        2020$7,939 +37.4%$211,100
        2019$5,777 $211,100
        2018$5,777 -20.5%$211,100
        2017$7,262 +4%$211,100
        2016$6,985 +6.7%$211,100
        2015$6,546 +5%$211,100
        2014$6,234 -19.6%$211,100
        2013$7,750 +3.7%$211,100 -6%
        2012$7,471 +4.7%$224,500
        2011$7,139 +16.1%$224,500
        2010$6,149 +5.4%$224,500
        2009$5,835 +4.4%$224,500
        2008$5,590 $224,500
        2007$5,590 $224,500
        2006-- $224,500
        2005-- $224,500
        2004$4,849 $224,500
        2003-- $224,500 +1220.6%
        2002-- $17,000
        2001-- $17,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Lower Roseville

        Getting around

        79 / 100
        Very Walkable
        72 / 100
        Excellent Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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