161-167 North 7th Street

161-167 North 7th Street

Newark, NJ 07107

$1,900,000
Price
14
Beds
9,370 Sq. Ft.
$203 / Sq. Ft.
9,370
Sq. Ft.
$203
per Sq. Ft.
a front view of a house with a yard
a front view of a house with garden
a view of room with staircase
a bathroom with a glass shower door and a mirror
a view of a hallway with retail shop
a front view of a house with garden

Description

Amazing INVESTMENT opportunity! Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings! This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths. With creative TLC...Amazing INVESTMENT opportunity! Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings! This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths. With creative TLC you can upgrade this home to 20th century vibes. As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back. BONUS: Vacant buildable lot attached!
  1. Listed by Rachel Aviv • Silvera Realty Co.
  2. Listed by Esther Silvera • Silvera Realty Co.

Property Details for 161-167 North 7th Street

Complex/Subdivision
None
Zoning
Planned Residential
New Construction
No
Waterview
No
Directions
From Orange st. turn right onto N 7th St. pass stop sign destination on right.

Location

Listing Courtesy of Silvera Realty Co., Rachel Aviv; Silvera Realty Co., Esther Silvera
Add your commute
LISTING UPDATED: 01/18/2024 04:22 PM

Property Details for 161-167 North 7th Street

StatusActive
MLS #22401627
Days on Market110
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Six Family
Year Built1910
Lot Size0.21 AC / 9,147 SF
CountyEssex County

Location

Listing Courtesy of Silvera Realty Co., Rachel Aviv; Silvera Realty Co., Esther Silvera
Add your commute

Building Information for 161-167 North 7th Street

Stories4Residences14Year Built1910Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$11,054 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$685

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 161-167 North 7th Street

Summary
Location and General Information
  • Area/Section: Newark
  • Postal City: Newark
  • State: NJ
  • Municipality: Newark (NEW)
  • Dir: N
  • # Units in Bldg: 14
  • Block: 1917
  • Apx Year Built: 1910.0
Parking
  • Garage: No
  • Parking: Other
  • # Car Garage: 0.0
  • # Parking Spaces: 10.0
Taxes and HOA Information
  • Tax ID#: 0
Property
Lot Information
  • Apx SqFt: 9370.0
  • # Acres: 0.21
  • Lot: 40
  • Lot Dimensions: 93.58X100
Property and Assessments
  • Assessment - Total: 0.0
  • Assessment Status: Assessed
  • Possession: At Closing, Negotiable
  • Deed Restricted: No
  • Property Sub-Type: Six Family
Utilities
  • Fireplace: No
  • Water Heater: Natural Gas
  • Water/Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Exterior: Patio, Storm Door(s)
Interior Features
  • # Levels: 4
  • Basement: Finished
  • Floors: Other
  • Bedrooms: 14

Property History for 161-167 North 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 161-167 North 7th Street

Taxable ValueLand$25,900Additions$194,100Total$220,000
Tax Record2022$8,219 ($685 / month)
Home Facts
Total Finished SqFt4,226 SqFtAbove Grade Finished SqFt4,226 SqFtStories3Lot Size9,370 SqFtStyleMiscellaneous CommercialYear Built1910CountyESSEXAPN14 01917-0000-00040

Schools near 161-167 North 7th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
New Park School
Public - PK to 8
Weequahic High School
Public - 9 to 12
Ridge Street Elementary School
Public - K to 8
Elliott Street Elementary School
Public - PK to 8
Rating
School
Distance
New Park School
PublicPK to 8

Weequahic High School
Public9 to 12

Ridge Street Elementary School
PublicK to 8

Elliott Street 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.

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More information about 161-167 North 7th Street, Newark, NJ 07107

161-167 North 7th Street is a multi-family home for sale in Newark, NJ 07107. This property was listed for sale on January 18, 2024 by Silvera Realty Co., it's currently listed at $1,900,000. It has been on the market for a total of 110 days and was last sold on October 3, 2007. This listing's school district is The Newark Public School District. Nearby schools include New Park School, Weequahic High School and Ridge Street Elementary School. 161-167 North 7th Street is a 14-bed, 0-bath, 9,370 sqft multi-family home built in 1910.

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 Silvera Realty Co., Rachel Aviv; Silvera Realty Co., Esther Silvera

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 05/05/2024 11:22 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.