239 S 8th St, Newark City, NJ 07103

• 3 beds |
• 1 bath

Property Description

This exceptional three-family property in Newark represents a premier investment or owner-occupant opportunity. Unit 3 is vacant, and you can buy this cash flowing property with only $24,500 down payment! The building features three spacious residential units complemented by a fully finished basement that includes a full bathroom for maximum utility and flexibility. Residents will benefit from a location that places them within a short distance of University Hospital and the city's major academic institutions including NJIT and Rutgers University. The property is ideally situated for effortless commuting with swift access to Newark Penn Station for Manhattan-bound trains as well as the Garden State Parkway and Interstate 280. Local amenities are abundant with the nearby Springfield Avenue Marketplace providing comprehensive shopping options and Branch Brook Park offering sprawling green space just minutes away. This residence combines substantial living space with a strategic location at the center of Newark?s educational and medical corridor to ensure long-term value and convenience. Live in one unit and have the tenants pay off the entire mortgage or rent all 3 and cash flow positive over around $2k/month

Listing Status:

Active

Data Last Updated:

February 7, 2026 at 12:40AM

Listing Office:

KELLER WILLIAMS VILLAGE SQUARE : 201-445-4300

MLS ID:

4008183

Interior

• Basement: Finished
• A/C: None
• Heating: 3 UnitsBaseboard - HotwaterGas-Natural

Exterior

• General: Brick
• Parking: Parking spaces: 0

Construction

• Roofing: Flat

Location

• County: Essex

Lot

• Driveway: On-Street Parking
• Zoning: 1614-01781-0000-00007-0000-

Utilities

• Utilities: Gas-Natural
• Water: Public Water
• Sewer: Public Sewer