587 Dr Martin Luther King Jr Boulevard

Newark, NJ 07102

$749,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This incredible investment opportunity is located in the heart of downtown Newark, an area undergoing a major development boom that is driving real estate prices upward. Surrounded by extensive redevelopment, this property holds unlimited potential. Situated in Newark's historic downtown district, it is near the Prudential Center, shopping centers, restaurants, and both public and charter schools. Just minutes from Newark Penn Station, major highways, public transportation, and Newark Airport, this...This incredible investment opportunity is located in the heart of downtown Newark, an area undergoing a major development boom that is driving real estate prices upward. Surrounded by extensive redevelopment, this property holds unlimited potential. Situated in Newark's historic downtown district, it is near the Prudential Center, shopping centers, restaurants, and both public and charter schools. Just minutes from Newark Penn Station, major highways, public transportation, and Newark Airport, this location offers unparalleled convenience. Be part of the New Newark renaissance and make this beauty your own. With its proximity to schools, colleges, hospitals, and a bustling downtown filled with great eateries, this property presents a unique chance to invest in a vibrant and rapidly evolving community. Opportunity is knocking! now might be your time. Make an offer!
  1. Listed by MOSHE WIGDER • TWRG REALTY GROUP
  2. Listed by CHAIM CILLO • TWRG REALTY GROUP

Property Details for 587 Dr Martin Luther King Jr Boulevard

Directions
Between Court & Mercer
Days On Market
0
LISTING UPDATED: 06/21/2024 05:12 PM

Property Details for 587 Dr Martin Luther King Jr Boulevard

StatusActive
MLS #3909312
Days on Market179
Taxes$5,636 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built9999
Lot Size0.04 AC / 1,742 SF
CountyEssex County

Building Information for 587 Dr Martin Luther King Jr Boulevard

Stories-Residences3Year Built9999Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 587 Dr Martin Luther King Jr Boulevard

Summary
Location and General Information
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 2507
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 587.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Martin Luther King Blvd
  • Zip Code: 07102-1234
  • 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: $5,636
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 151200.0
  • Tax ID For Property: 1614-02507-0000-00053-0000-
  • 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: On-Street Parking
Property
Lot Information
  • Lot Identifier: 53
  • Approximate Lot Size: 18.7X100
  • Total Acres: 0.04
  • Construction Date/Year Built: 9999
  • Construction Date/Year Built Des: Unknown
Property and Assessments
  • Assessment Bldg: 113200.0
  • Assessment Land: 38000.0
Utilities
  • Cooling: Window A/C(s)
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stone
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, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • 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: 1575.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 1575.0
  • Unit 1 Sq Ft: 999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • 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: 1400.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1400.0
  • Unit 2 Sq Ft: 999.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1650.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 1650.0
  • Unit 3 Sq Ft: 999.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 587 Dr Martin Luther King Jr Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 587 Dr Martin Luther King Jr Boulevard

Taxable ValueLand$38,000Additions$113,200Total$151,200
Tax Record2023$5,637 ($470 / month)
Home Facts
Beds0Total Finished SqFt2,685 SqFtAbove Grade Finished SqFt2,685 SqFtStories3Lot Size1,869 SqFtStyleSingle Family ResidenceYear Built1895CountyESSEXAPN14 02507-0000-00053

Schools near 587 Dr Martin Luther King Jr Boulevard

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

Quitman Street 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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587 Dr Martin Luther King Jr Boulevard is a multi-family home for sale in Newark, NJ 07102. This property was listed for sale on June 21, 2024 by TWRG REALTY GROUP, it's currently listed at $749,000. It has been on the market for a total of 179 days and was last sold on September 16, 2016. 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. 587 Dr Martin Luther King Jr Boulevard is a 6-bed, 3-bath, multi-family home built in 9999.

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 TWRG REALTY GROUP, MOSHE WIGDER; TWRG REALTY GROUP, CHAIM CILLO

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: 12/17/2024 08:47 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: 12/17/2024 08:47 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.