67 Broadway

Newark, NJ 07104

$870,000
Price
7
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases. Recent...This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases. Recent updates include a new roof (1 year old) and upgraded electrical wiring. Located in a high-traffic area with excellent visibility, this property offers strong rental demand and significant upside potential. Perfect for owner-occupants, this multi-family property with commercial space offers a unique opportunity to live and collect rent. FHA financing available with just 3.5% down. Ideal for those looking to invest in their future while generating consistent rental income. Don't miss out on this rare opportunity schedule your showing today!
  1. Listed by ALBERTINA GONCALVES • RE/MAX IN ACTION

Property Details for 67 Broadway

Directions
Between Clark St and Broad St
Days On Market
59
LISTING UPDATED: 05/24/2025 11:42 AM

Property Details for 67 Broadway

StatusActive
MLS #3953067
Days on Market62
Taxes$12,983 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1900
Lot Size0.04 AC / 1,742 SF
CountyEssex County

Building Information for 67 Broadway

Stories-Residences3Year Built1900Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 67 Broadway

Summary
Location and General Information
  • Zoning: Commercial
  • Address Included: Y
  • Middle/Jr High School: TECHNOLOGY
  • Grade School: FRANKLIN
  • High School: BARRINGER
  • Active Days on Market: 59
  • Renovated Year: 2023
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 449
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 67.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Broadway
  • Zip Code: 07104-4840
  • 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: $12,983
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 341400.0
  • Tax ID For Property: 1614-00449-0000-00062-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • Garage Description: On-Street Parking
Property
Lot Information
  • Lot Identifier: 62
  • Approximate Lot Size: 25X75
  • Total Acres: 0.04
  • Construction Date/Year Built: 1900
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 282000.0
  • Assessment Land: 59400.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Interior Features: Carbon Monoxide Detector, Smoke Detector, Tile Floors
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Unfinished, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 0
  • 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: 2570.0
  • Unit 1 Room Description: Kitchen, Living/Dining Room, Storage
  • Unit 1 Rooms: 2.0
  • Unit 1 Security Deposit: 2500.0
  • Unit 1 Sq Ft: 999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 1.0
  • 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: Bedrooms, Kitchen, Living/Dining Room
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 999.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • 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: 2000.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 1800.0
  • Unit 3 Sq Ft: 999.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $19,585.00
  • Expenses Include: Cold Water, Insurance, Taxes
  • Net Operating Income: $67,655.00
  • Gross Operating Income: $87,240.00
Rental
Rental Information
  • Home Warranty: false

Property History for 67 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 67 Broadway

Taxable ValueLand$59,400Additions$282,000Total$341,400
Tax Record2023$9,566 ($797 / month)
Home Facts
Total Finished SqFt1,021 SqFtAbove Grade Finished SqFt1,021 SqFtStories3Lot Size1,873 SqFtStyleMiscellaneous CommercialCountyESSEXAPN14 00449-0000-00062

Schools near 67 Broadway

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Ridge Street Elementary School
PublicPK to 8

Elliott Street Elementary School
PublicPK to 8

Luis Munoz Marin Ele
PublicPK to 8

New Park 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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67 Broadway is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on March 26, 2025 by RE/MAX IN ACTION, it's currently listed at $870,000. It has been on the market for a total of 62 days and was last sold on July 3, 2022. This listing's school district is The Newark Public School District. Nearby schools include Ridge Street Elementary School, Elliott Street Elementary School and Luis Munoz Marin Ele. 67 Broadway is a 7-bed, 2.5-bath, multi-family home built in 1900.

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 RE/MAX IN ACTION, ALBERTINA GONCALVES

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: 05/28/2025 01:03 AM. Source: New Jersey Multiple Listing Service, Inc. © 2025 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: 05/28/2025 01:03 AM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.