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Sold for $630,000
  • $630,000

    587 Dr Martin Luther, Newark, NJ 07104

    6beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $644,200 Zestimate®
    $--/sqft
    $2,567 Estimated rent

    Home value

    $644,200

    $567,000 - $728,000

    $2,567/mo

    Zestimate® history
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    $2,567/mo

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    $4,475/mo

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    What's special

    This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major redevelopment, just minutes from the Prudential Center, top restaurants, shopping, schools, Newark Penn Station, colleges, hospitals, and a vibrant downtown. There's also easy access to major highways, public transit, and Newark Airport. This is your chance to join the New Newark renaissance. Act now!

    Zillow last checked:

    Listing updated:

    Listed by:

    Moshe Wigder 908-355-1717,

    TWRG Realty Group/The World Realty Group

    Bought with:

    Malgorzata Bober

    EXP Realty, LLC

    Source: NJMLS,MLS#: 25016814MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Laundry: In Basement

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Newark

    Financial & listing details

    • Annual tax amount: $5,750
    • Date on market: 5/18/2025
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    8/15/2025Sold$630,000
    Source: NJMLS #25016814 Report a problem
    6/30/2025Pending sale$630,000
    Source: NJMLS #25016814 Report a problem
    5/19/2025Listed for sale$630,000
    Source: NJMLS #25016814 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Seventh Avenue

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $644,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $644,200