$699,000

239 S 8th St, Newark City, NJ 07103

  • 3 beds |
  • 1 bath
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1877
  • Property Lot Size Icon1,307sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 days ago

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
  • Basement: Finished
  • A/C: None
  • Heating: 3 UnitsBaseboard - HotwaterGas-Natural
  • General: Brick
  • Parking: Parking spaces: 0
  • Roofing: Flat
  • County: Essex
  • Driveway: On-Street Parking
  • Zoning: 1614-01781-0000-00007-0000-
  • Utilities: Gas-Natural
  • Water: Public Water
  • Sewer: Public Sewer

Presented by Veterans United Realty

This listing courtesy of KELLER WILLIAMS VILLAGE SQUARE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thirteenth Avenue Elementary School

359 13th Ave, Newark, NJ, 07103

Grades PK-8

0.04 miles away

T

Thirteenth Avenue Elementary School

359 13th Ave, Newark, NJ, 07103

Grades PK-8

0.04 miles away

J

John F. Kennedy School

311 S 10th St, Newark, NJ, 07103

Grades PK-12

0.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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