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    504 N 7Th St Newark, NJ 07107

    For Sale
    $650,000

    Two-family home in Newark with tenant and expansion potential.

    Lot size:
    0.11 Acres

    Property Features for 504 N 7Th St

    General Information

    Interior features
    Interior Feature 1, : "Fuel: Gas-Natural", "Interior Feature 2": "Heating: 2 Units, Radiators - Steam", "Interior Feature 3": "Dishwasher", "Interior Feature 4": "Range/Oven - Gas"
    Exterior features
    exterior_features, : ["Porch", "All Underground", "Electric", "Gas In Street", "Asphalt Shingle"]
    Lot size
    0.11 Acres

    Building Details

    Year built
    1940

    Source: Keller Williams City Views RealtyKeller Williams City Views RealtyKeller Williams City Views Realty Agent Nicholas VerdiNicholas VerdiNicholas Verdi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Two-Family Home with Potential

    Located in Newark, this two-family home at 506 N 7th St offers investment potential. The first floor is occupied by a long-term tenant, providing rental income. The vacant second floor features hardwood floors, spacious rooms, two bedrooms, and access to a full walk-up attic suitable for storage or expansion. The property includes a two-car detached garage and a private yard. Situated near schools, shopping centers, houses of worship, and Branch Brook Park, the location provides access to cherry blossoms, walking trails, and year-round recreation. Commuters benefit from proximity to NJ Transit bus lines, light rail, and major highways, offering access to Downtown Newark, universities, and NYC. This property is located in a vibrant neighborhood.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1837847
    Latitude
    40.767242

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    FAQs

    What type of property is this?
    Duplex - Two-family home in Newark with tenant and expansion potential.
    Where is this duplex located?
    The property is located at 504 N 7Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Immediate Rental Income: Benefit from a long-term, reliable tenant on the first floor.; - Vacant Second Floor: Features hardwood floors, spacious rooms, and 2 bedrooms awaiting your personal touch.; - Full Walk-Up Attic: Exclusive access, offering ideal storage or future expansion possibilities.
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    Newark, NJ 07107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    504 N 7Th St Newark, NJ 07107
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