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.
Under contract
Price cut: $49K (6/17)
$700,000
366 7th Ave W, Newark City, NJ 07107
9beds
6,312sqft
Multi Family
Built in 1910
-- sqft lot
$703,200 Zestimate®
$111/sqft
$-- HOA
What's special
High ceilingsIron fence enclosureFinished basement spaceGated entryClassic architectural characterCurb appealSeparate entrance
- 94 days
- 29
- 3
Zillow last checked:
Listing updated:
Listed by:
William T. Helfricht 201-636-1979,
United Real Estate
Source: GSMLS,MLS#: 4030698
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
$703,200
$668,000 - $738,000
$2,066/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Pending sale | $700,000$111/sqft |
Source: | ||
| 6/17/2026 | Price change | $700,000-6.5%$111/sqft |
Source: | ||
| 5/31/2026 | Listed for sale | $749,000+5892%$119/sqft |
Source: | ||
| 6/6/1996 | Sold | $12,500$2/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





