13-15 May St , Newark City, New Jersey 07104-3012

  • $850,000

Description

Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.

  • City: Newark City
  • State/county: Essex

Details

Updated on June 20, 2026 at 6:38 pm
  • Property ID HZ4033681
  • Price $850,000
  • Bedrooms 10
  • Bathrooms 7
  • Property Type Residential Income
  • Property Status Active

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Queens Realty New Jersey

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