39
See all 39 photos
$875,000
Est. payment /mo
8 Beds
4 Baths
2,613 Sqft Lot
New
32 Martin Luther King Jr B Newark City, NJ 07104
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4031549
Style 3-Three Story, See Remarks
Bedrooms 8
Full Baths 4
Year Built 1882
Annual Tax Amount $6,782
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
Excellent investment opportunity in Newark?s desirable 07104 area! This 3-family property offers strong income potential and additional living space with a finished bonus basement. Unit 1 features 2 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. Units 2 and 3 each offer 3 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. The finished basement includes 2 bedrooms, a living room, and a semi-kitchen setup, providing flexible use options. Property requires TLC and presents an ideal value-add opportunity for investors or owner-occupants looking to renovate and maximize returns. Property may be delivered vacant, allowing the next owner to complete modern updates and achieve market rents. Conveniently located near transportation, shopping, schools, and major highways. Being sold as-is. Buyers responsible for conducting their own due diligence regarding legal use and municipal requirements.
Location
State NJ
County Essex
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Gas-Natural, See Remarks
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story, See Remarks
Others
Senior Community No
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