305 South 7th Street

Newark, NJ 07103

$399,000
Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic rental income opportunity! This vacant property is move-in ready and perfect for adding to your portfolio. Whether you're looking to live in it or rent it out, it offers easy access to public transportation. Don't miss out!Fantastic rental income opportunity! This vacant property is move-in ready and perfect for adding to your portfolio. Whether you're looking to live in it or rent it out, it offers easy access to public transportation. Don't miss out!
  1. Listed by JANETHE CRUZ-TORO • NIGITO REAL ESTATE LLC

Property Details for 305 South 7th Street

Directions
SOUTH ORANGE AVE TO SOUTH 7TH ST
Days On Market
49
LISTING UPDATED: 10/27/2024 01:00 PM

Property Details for 305 South 7th Street

StatusActive
MLS #3922834
Days on Market76
Taxes$8,074 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1989
Lot Size0.05 AC / 2,178 SF
CountyEssex County

Building Information for 305 South 7th Street

Stories-Residences2Year Built1989Building Size-Lot Size0.05 AC / 2,178 SF

Property Information for 305 South 7th Street

Summary
Location and General Information
  • Active Days on Market: 33
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 280
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 305.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: S 7th St
  • Zip Code: 07103-2303
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,074
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 216600.0
  • Tax ID For Property: 1614-00280-0000-00008-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: None
Property
Lot Information
  • Lot Identifier: 8
  • Approximate Lot Size: 28X83
  • Total Acres: 0.05
  • Construction Date/Year Built: 1989
Property and Assessments
  • Assessment Bldg: 188000.0
  • Assessment Land: 28600.0
Utilities
  • Cooling: Window A/C(s)
  • Heating: 1 Unit
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Attic, Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 305 South 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 305 South 7th Street

Taxable ValueLand$28,600Additions$188,000Total$216,600
Tax Record2023$8,075 ($673 / month)
Home Facts
Beds0Total Finished SqFt1,995 SqFtAbove Grade Finished SqFt1,995 SqFtStories3Lot Size2,326 SqFtStyleSingle Family ResidenceYear Built1900CountyESSEXAPN14 00280-0000-00008

Schools near 305 South 7th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 3
Public - PK to 5
Public - PK to 8
Rating
School
Distance
Sir Isaac Newton Elementary School
PublicPK to 3

Michelle Obama Elementary School
PublicPK to 3

East Ward Elementary School
PublicPK to 5

Harriet Tubman 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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305 South 7th Street is a multi-family home for sale in Newark, NJ 07103. This property was listed for sale on September 9, 2024 by NIGITO REAL ESTATE LLC, it's currently listed at $399,000. It has been on the market for a total of 76 days and was last sold on January 26, 2022. This listing's school district is The Newark Public School District. Nearby schools include Sir Isaac Newton Elementary School, Michelle Obama Elementary School and East Ward Elementary School. 305 South 7th Street is a 5-bed, 2-bath, multi-family home built in 1989.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NIGITO REAL ESTATE LLC, JANETHE CRUZ-TORO

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/23/2024 03:06 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. 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: 11/23/2024 03:06 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.