Legal Three-Family Property with Basement
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
(888) 501-6953
Listed by
WILLIAM T. HELFRICHT · License #298286
(888) 501-6953
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.
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
Similar For Sale Nearby
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