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581 N 7Th St

Newark City, NJ 07107
  • $779,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 4050899
Price Reduced
$779,000
  • 7
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1929
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Spacious 7-Bedroom Multi investment home with Finished Basement in North Newark! This is an AS-IS Sale Buyer has to get the COWelcome to a rare finding in North Newark! This massive residence offers seven spacious bedrooms, three full bathrooms, and one half-bath delivering the space, layout, savvy investor searches for.Key Features:Unmatched Space: 7 generous bedrooms spread across multiple levels, offering endless options for home offices, guest rooms.3.5 Bathrooms: Say goodbye to morning bathroom rush hour. A fully finished basement ready for a recreation room, home gym, theater, or extra storage.Prime Location: Situated on the very same street as a local school, making morning drop-offs seamless and stress-free.While the home retains classic features ready for your personal modern updates, it boasts solid bones, an expansive floor plan, and incredible potential to build instant equity. Bring your vision and make this North Newark gem your own! Schedule your tour today before it's gone.the basement, first fl and third fl will be vacant at closing. the only apartment that will be occupies is the 2nd fl tenants. this is an AS IS sale. the seller will not be making updates and will not be giving any credits. the Buyer will have to take care of CO for the home

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-10-12T23:48:38.753.
www.daunnorealty.com/homes/180948225
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581 N 7Th St Newark City, NJ 07107

  • Price: $779,000
  • Status: Active
  • On Site: 35 Days
  • ID#: 4050899
7
Beds
3
Baths
1
½ Baths
0.06
Acres
1929
Built
County:
Essex
Area:
Newark City
Elementary School:
1ST AVE
Middle School:
W Horton
High School:
Barringer
Property Description
Spacious 7-Bedroom Multi investment home with Finished Basement in North Newark! This is an AS-IS Sale Buyer has to get the COWelcome to a rare finding in North Newark! This massive residence offers seven spacious bedrooms, three full bathrooms, and one half-bath delivering the space, layout, savvy investor searches for.Key Features:Unmatched Space: 7 generous bedrooms spread across multiple levels, offering endless options for home offices, guest rooms.3.5 Bathrooms: Say goodbye to morning bathroom rush hour. A fully finished basement ready for a recreation room, home gym, theater, or extra storage.Prime Location: Situated on the very same street as a local school, making morning drop-offs seamless and stress-free.While the home retains classic features ready for your personal modern updates, it boasts solid bones, an expansive floor plan, and incredible potential to build instant equity. Bring your vision and make this North Newark gem your own! Schedule your tour today before it's gone.the basement, first fl and third fl will be vacant at closing. the only apartment that will be occupies is the 2nd fl tenants. this is an AS IS sale. the seller will not be making updates and will not be giving any credits. the Buyer will have to take care of CO for the home
Exterior Features

Approximate Lot Size 25X100 Exterior Description Vinyl Siding Exterior Features Privacy Fence Number Of Parking Spaces 1 Parking Driveway Description 1 Car Width Roof Description Asphalt ShingleFlat

Interior Features

Basement Yes Basement Description FinishedWalkout Cooling None Heating 3 UnitsBaseboard - Hotwater Interior Features Wood Floors Total Number Of Rooms 12 Unit1 Appliances Equipment CookGas Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomKitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 1000 Unit2 Appliances Equipment CookGas Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 1200 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description AtticBedroomsEat-In KitchenLiving Room Unit3 Rooms 3 Unit3 Sq Ft 900

Property Features

Assessment Total 196100 Building Assessment 151000 Easement No Expenses Include GasHot & Cold Water Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 18000 Land Assessment 45100 Net Operating Income 8000 Renovated Year 1985 Sewer Public Sewer Tax Amount 7842 Tax Rate Amount 3.999 Tax Rate Year 2026 Tax Year 2025 Total Operating Expense 6000 Unit Style 3-Three Story Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1500 Unit2 Security Deposit 2300 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Renovated

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 848-448-9582.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-10-12T23:48:38.753.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066