643 North 5th Street
$545,000
6
3
—
—
—
Sold 7/24/24
Description
Presenting a fantastic opportunity for savvy investors and those seeking a versatile, three unit income-generating property in a prime Newark location. This property is ideally situated in a vibrant neighborhood, it boasts proximity to Branch Brook Park, Newark Schools Stadium, and one block from the Davenport Ave Light Rail Station. With easy access to local amenities, restaurants and shops. This legal three-unit property features three separate units, each comprising 2 bedrooms and 1 bathroom....Presenting a fantastic opportunity for savvy investors and those seeking a versatile, three unit income-generating property in a prime Newark location. This property is ideally situated in a vibrant neighborhood, it boasts proximity to Branch Brook Park, Newark Schools Stadium, and one block from the Davenport Ave Light Rail Station. With easy access to local amenities, restaurants and shops. This legal three-unit property features three separate units, each comprising 2 bedrooms and 1 bathroom. Ideal for accommodating tenants or creating a comfortable living space for an owner-occupant. All three units boast spacious kitchens, inviting living areas, and dedicated dining spaces, ensuring a comfortable and attractive environment for residents. The property features a desirable balcony with the third unit, perfect for unwinding and enjoying the surroundings. Additionally, a nicely sized backyard provides a great opportunity for outdoor activities, gardening, or simply enjoying the fresh air. Whether you're looking to maximize rental income from all three units or plan to live in one unit while generating rental income from the others, this property presents a compelling investment opportunity. Don't miss the chance to own a three-unit property in a sought-after Newark neighborhood. Schedule a viewing today to see the potential and value that this property offers!
Listing Agent
Property Details for 643 North 5th Street
Directions
Bloomfield Ave to N 5th St
Days On Market22
LISTING UPDATED: 07/24/2024 04:12 PM
Property Details for 643 North 5th Street
Status | Sold |
---|---|
MLS # | 3859171 |
Days on Market | 22 |
Taxes | $7,323 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1907 |
Lot Size | 0.06 AC / 2,613 SF |
County | Essex County |
Virtual Tour
Building Information for 643 North 5th Street
Stories-Residences3Year Built1907Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 643 North 5th Street
Property History for 643 North 5th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 643 North 5th Street
Taxable ValueLand$47,500Additions$148,500Total$196,000
Tax Record2023$7,307 ($609 / month)
Home Facts
Beds0Total Finished SqFt3,234 SqFtAbove Grade Finished SqFt3,234 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1907CountyESSEXAPN14 00639-0000-00031
Schools near 643 North 5th Street
This home is within The Newark Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
First Avenue Elementary School PublicPK to 8 | ||
Barringer High School Public9 to 12 | ||
Salome Urena Elementary School PublicPK to 8 | ||
Roberto Clemente 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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