5-Unit Multifamily
For Sale
$795,000
297 S 7th St #1, Newark, NJ 07103
Two buildings provide a three-unit and a two-unit configuration with separate utilities.
Property Size4,800 SF
Price / SF$165.63
Days on Market309
Property Features for 297 S 7th St #1
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Zoning
Res
Property Condition
Severity
Repairs Needed
Evidence
requires rehab
Site & Location
Neighborhood
Lower Roseville
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
5
Amenities
fenced yard
Building Details
Building Size
4,800 SF
Year Built
1920
Buildings
2
Stories
3
Units
5
Listing Agency:
Monarch Realty & Associates
(908) 312-3095
Listed By:
Khadijah Caesar · License #290400
(973) 623-1001
Source:
Cammarotarealestate
Added: Dec 19, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:33PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit multifamily property comprises two buildings on one lot. The front building contains three units, while the rear building adds two. Four units are occupied, and the remaining unit requires rehabilitation. The property measures 4,800 square feet and has separate utilities and a fenced yard. It was built in 1920 and is zoned Res.
The property is near mass transportation, Rutgers Hospital, Rutgers Newark, and NJIT, with access toward Downtown Newark and New York City.
The property is near mass transportation, Rutgers Hospital, Rutgers Newark, and NJIT, with access toward Downtown Newark and New York City.
Key Highlights
- Five units across two buildings: three in the front building and two in the rear
- Four units occupied; one unit requires rehabilitation
- 4,800 square feet
Property Analytics
Lease Details
5
Residential units
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings provide a three-unit and a two-unit configuration with separate utilities.
Where is this multifamily property located?
The property is located at 297 S 7th St #1 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: Five units across two buildings: three in the front building and two in the rear; Four units occupied; one unit requires rehabilitation; 4,800 square feet
