157 North 7th Street

Newark, NJ 07107

$639,900
Price
11
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rooming house ... Attention Investors ... Wonderful opportunity to own this 11-bedroom property. The 1st floor includes five bedrooms, a living room, a kitchen, and 2 bathrooms. The 2nd floor includes 4 bedrooms and a full bathroom. The 3rd adds 2 bedrooms and a full bathroom for the floor. One of the bedrooms contains a small kitchen. A newer gas boiler supplies heating for the entire building. Large multi-car driveway and newer roof. There is much room to improve, and some cosmetic updates would...Rooming house ... Attention Investors ... Wonderful opportunity to own this 11-bedroom property. The 1st floor includes five bedrooms, a living room, a kitchen, and 2 bathrooms. The 2nd floor includes 4 bedrooms and a full bathroom. The 3rd adds 2 bedrooms and a full bathroom for the floor. One of the bedrooms contains a small kitchen. A newer gas boiler supplies heating for the entire building. Large multi-car driveway and newer roof. There is much room to improve, and some cosmetic updates would go a long way.
  1. Listed by PAUL SANTOS • KELLER WILLIAMS PARK VIEWS

Property Details for 157 North 7th Street

Directions
Please use GPS for guidance
Days On Market
35

Location

Listing Courtesy of KELLER WILLIAMS PARK VIEWS, PAUL SANTOS
Add your commute
LISTING UPDATED: 04/19/2024 10:57 AM

Property Details for 157 North 7th Street

StatusActive
MLS #3891152
Days on Market43
Taxes$7,663 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1940
Lot Size0.11 AC / 4,791 SF
CountyEssex County

Location

Listing Courtesy of KELLER WILLIAMS PARK VIEWS, PAUL SANTOS
Add your commute

Building Information for 157 North 7th Street

Stories-Residences3Year Built1940Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$4,131 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,492

Property Taxes

$639

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 157 North 7th Street

Summary
Location and General Information
  • Active Days on Market: 35
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 1917
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • # Parking Spaces: 4
  • County Or Parish: Essex
  • Street Name: N 7Th St
  • Zip Code: 07107
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,663
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 205200.0
  • Tax ID For Property: 1614-01917-0000-00037-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width, Blacktop
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 37
  • Approximate Lot Size: 50X100
  • Total Acres: 0.11
  • Construction Date/Year Built: 1940
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 183300.0
  • Assessment Land: 21900.0
Utilities
  • Cooling: Window A/C(s)
  • Utilities: See Remarks
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 1 Unit
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding, Wood
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished-Partially, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 5
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $8,000.00
  • Net Operating Income: $62,000.00
  • Gross Operating Income: $70,800.00
Rental
Rental Information
  • Home Warranty: false

Property History for 157 North 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 157 North 7th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Dr. E. Alma Flagg Elementary School
PublicK to 8

Barringer Academy Of S.T.E.A.M.
Public9 to 12

Dr. William H. Horton Elementary School
PublicK to 8

McKinley Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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157 North 7th Street is a multi-family home for sale in Newark, NJ 07107. This property was listed for sale on March 15, 2024 by KELLER WILLIAMS PARK VIEWS, it's currently listed at $639,900. This listing's school district is The Newark Public School District. Nearby schools include Dr. E. Alma Flagg Elementary School, Barringer Academy Of S.T.E.A.M. and Dr. William H. Horton Elementary School. 157 North 7th Street is a 11-bed, 4-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS PARK VIEWS, PAUL SANTOS

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/27/2024 05:52 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.