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    163 S 7Th St Newark, NJ 07103

    Pending
    For Sale
    $599,000

    3-Three Story, Multi-Family - Newark City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 163 S 7Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room, Master Bedroom
    Bedrooms
    8
    Bathrooms
    4
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Other (Heating), Steam

    Building Details

    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    West of Hudson Real Estate (973) 207-8607 [email protected]

    Listing agent KIMBERLY LATORTUE (973) 337-6035

    Listing date Oct 7, 2025

    MLS# 3986616 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark City Three-Family Property

    This updated three-family property in Newark presents an opportunity for investors and owner-occupants. The versatile home allows for living in one unit while collecting rental income from the others. The property features a private backyard, providing outdoor space. The location provides convenient access to shopping, dining, schools, and multiple transportation options. This property is located in Newark City, NJ.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1962
    Latitude
    40.74337

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    FAQs

    What type of property is this?
    Triplex - Updated three-family property in Newark with income potential.
    Where is this triplex located?
    The property is located at 163 S 7Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Strong income-generating three-family property, ideal for investors or owner-occupants.; - Updated property with potential to live in one unit and rent out the other two.; - Convenient location near shopping, dining, schools, and multiple transportation options.
    (973) 337-6035
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    163 S 7Th St Newark, NJ 07103
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    Newark, NJ 07103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    163 S 7Th St Newark, NJ 07103
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