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Legal Three-Family Property with Basement Entry

366 7th Avenue West Newark, NJ 07107

366 7th Avenue West, Newark, NJ, 07107
$700,000
For Sale
$700,000

Vacant legal three-family with separate basement entrance and detached garage, ready for a full cosmetic renovation.

Property Size6,300 SF
Price / SF$111.11
Days on Market52

Property Features for 366 7th Avenue West

General Information

Standard status
Active
Size
6,300 SF
Property subtype
2-4 Family

Building Details

Year Built
1910
Listing Agency UNITED REAL ESTATE
Listed by WILLIAM T. HELFRICHT · License #298286
Source Compass
Added: May 27 Checked: Jul 17 at 4:20 am

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 UNITED REAL ESTATE


Investment Insights

Based on property information with market context.

This legal 3-family property offers a substantial residential layout configured with a total of 9 bedrooms and 3 full bathrooms across the main units. A finished basement adds additional flexible space, including 4 bonus rooms, a full bathroom, a half bath, and a separate entrance. The home also includes classic architectural character with high ceilings and abundant natural light, plus a large covered front porch. Outside, the property sits on an oversized fenced-in lot with an iron fence enclosure and gated entry, and includes a detached 2-car garage.

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Computer & Electronic Repair Locksmith Acupuncture (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tattoo & Piercing Shop Tanning Salon Catering Service

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

FAQs

What type of property is this?
Triplex - Vacant legal three-family with separate basement entrance and detached garage, ready for a full cosmetic renovation.
Where is this triplex located?
The property is located at 366 7th Avenue West Newark, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 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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