587 Dr Martin Luther Kng Blvd, Newark, NJ 07102 (MLS # 25016814)

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Listed with Moshe Wigder | 908-355-1717, TWRG Realty Group/The World Realty Group

PRICE $630,000 dsIDX morgage calculator
BEDS 6
BATHS 3
HOME SIZE n/a
LOT SIZE n/a
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This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major redevelopment, just minutes from the Prudential Center, top restaurants, shopping, schools, Newark Penn Station, colleges, hospitals, and a vibrant downtown. There's also easy access to major highways, public transit, and Newark Airport. This is your chance to join the New Newark renaissance. Act now!

DAYS ON MARKET 1 LAST UPDATED 5/18/2025
YEAR BUILT 0 COMMUNITY 400
COUNTY ESSEX STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AREA 400
STYLE 3 Family
TAXES 5750
UTILITIES Natural Gas Available, Electricity Connected, Natural Gas Connected
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All information deemed reliable but not guaranteed. Last date updated: 5/19/25 4:07 AM PDT Source: New Jersey Multiple Listing, Inc.

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