Multi-Family Investment Property in
For Sale
$795,000
Pending
297 S 7Th St, Newark, NJ 07103
Five-unit property with income potential near transportation and universities.
Property Size4,800 SF
Lot Size0.11 Acres
Days on Market263
Property Features for 297 S 7Th St
General Information
Standard status
Pending
Size
4,800 SF
Lot size
0.11 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,880
Amenities
Central air
Asphalt Shingle Roof
4+ Units Heating
Baseboard - Electric Heating
Corner
On-Street Parking
Radiators - Hot Water Heating
Radiators - Steam Heating
Wall A/C Unit(s) Cooling
Building Details
Year Built
1920
Listing Agency:
MONARCH REALTY & ASSOCIATES
(908) 312-3095
Listed By:
KHADIJAH CAESAR
Source:
Corcoran
Added: Dec 20, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MONARCH REALTY & ASSOCIATES
Investment Insights
Based on property information with market context.
This multi-family property features two separate structures on one lot. The front building has a three-family layout, while the rear structure contains two units, totaling five units. Four units are occupied by stable tenants, generating immediate income. One unit requires rehabilitation, offering value-add potential. The property is equipped with separate utilities and a large fenced yard. It is located close to mass transportation for commuting into Downtown Newark and NYC, and is minutes from Rutgers Hospital, Rutgers Newark, and NJIT. The property size is 4800 square feet.
Key Highlights
- Multi‑family property with two separate structures totaling five units on one lot.
- Four units currently occupied with stable tenants generating immediate income.
- One unit requires rehab, offering value‑add potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property with income potential near transportation and universities.
Where is this apartment building located?
The property is located at 297 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Multi‑family property with two separate structures totaling five units on one lot.; Four units currently occupied with stable tenants generating immediate income.; One unit requires rehab, offering value‑add potential.
