366 7th Ave W, Newark, NJ 07107
Vacant legal three-family with separate basement entrance and detached garage, ready for a full cosmetic renovation.
Property Features for 366 7th Ave W
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Based on property information with market context.
Located in Newark, the property is described as being near major transportation routes, shopping, schools, parks, and public transit, with easy access to NYC commuting options. It also notes separate utilities serving the different areas of the home. The property is currently vacant and requires a full cosmetic renovation, and the seller is offering it strictly as-is.
This is a practical fit for owner-occupants, investors, and contractors looking for an opportunity to renovate and customize a sizeable multi-family asset with internal flexibility created by the finished basement and separate entrance. The detached garage, fenced lot with gated access, and covered front porch add usable exterior and entry features that can support day-to-day residential needs during and after improvements. Buyer is responsible for all municipal certificates, inspections, and due diligence.
Key Highlights
- Legal 3‑family home with 9 bedrooms and 3 full bathrooms across the main residential units
- Finished full basement with 4 bonus rooms, a full bathroom, a half bath, and a separate entrance
- Detached 2‑car garage plus large covered front porch
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Trade Area within ½ mile
Demographics for 07107, NJ
Market
Vacancy Rate% for Multifamily in Northeast region