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$ 749,999
Est. payment /mo
New
56 Vanderpool St Newark City, NJ 07114
11 Beds
4 Baths
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4007330
Style 3-Three Story
Bedrooms 11
Full Baths 4
Year Built 1950
Annual Tax Amount $10,336
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
Excellent opportunity to own a well-located 3-family property just minutes from Downtown Newark. The building features three spacious apartments, each offering 3 bedrooms with strong layouts and solid tenant appeal. Currently generating approximately $7,000/month in rental income, this property provides immediate cash flow with significant upside potential through rent optimization or light value-add improvements. Ideal for investors seeking stable passive income in a high-demand rental market with close proximity to transportation, employment hubs, and city amenities.
Location
State NJ
County Essex
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stone, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by KELLER WILLIAMS PARK VIEWS