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504 N 7Th St

Newark City, NJ 07107
  • $650,000
  • STATUS: Active Under Contract
  • ON SITE: 76 Days
  • MLS #: 3999117
Under Contract
UPDATED: 117 min ago
$650,000
  • 4
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

Welcome to 506 N 7th St in the heart of Newark a versatile 2-family home offering excellent investment potential , The first floor is occupied by a long-term, reliable tenant, providing immediate rental income. The vacant second floor features beautiful hardwood floors, spacious rooms, 2 bedrooms, and exclusive access to a full walk-up attic, perfect for storage or future expansion possibilities.Outside, enjoy a 2-car detached garage and a private yard area. The property is ideally located near schools, shopping centers, houses of worship, and the world-famous Branch Brook Park, known for its cherry blossoms, walking trails, and year-round recreation. Commuters will appreciate the proximity to NJ Transit bus lines, light rail, and major highways, offering quick access to Downtown Newark, universities, and NYC.Whether you're an investor or an owner-occupant, 506 N 7th St delivers convenience, charm, and opportunity in one of Newark's most vibrant neighborhoods.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-07T23:48:36.863.
www.trompeterrealestate.com/homes/170855515
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504 N 7Th St Newark City, NJ 07107

  • Price: $650,000
  • Status: Active Under Contract
  • On Site: 76 Days
  • Updated: 117 min ago
  • MLS #: 3999117
4
Beds
2
Baths
0
½ Baths
0.11
Acres
1940
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to 506 N 7th St in the heart of Newark a versatile 2-family home offering excellent investment potential , The first floor is occupied by a long-term, reliable tenant, providing immediate rental income. The vacant second floor features beautiful hardwood floors, spacious rooms, 2 bedrooms, and exclusive access to a full walk-up attic, perfect for storage or future expansion possibilities.Outside, enjoy a 2-car detached garage and a private yard area. The property is ideally located near schools, shopping centers, houses of worship, and the world-famous Branch Brook Park, known for its cherry blossoms, walking trails, and year-round recreation. Commuters will appreciate the proximity to NJ Transit bus lines, light rail, and major highways, offering quick access to Downtown Newark, universities, and NYC.Whether you're an investor or an owner-occupant, 506 N 7th St delivers convenience, charm, and opportunity in one of Newark's most vibrant neighborhoods.
Exterior Features

Approximate Lot Size 37.6X130 Exterior Description Vinyl Siding Exterior Features Open Porch(es) Garage Description Detached Garage Number Of Parking Spaces 2 Parking Driveway Description Driveway-Shared Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating 2 UnitsRadiators - Steam Interior Features Carbon Monoxide DetectorSmoke DetectorWood Floors Total Number Of Rooms 11 Unit1 Appliances Equipment DishwasherRange/Oven - Gas Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 1700 Unit1 Sq Ft 0 Unit2 Appliances Equipment DishwasherRange/Oven - Gas Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description AtticBedroomsDining RoomEat-In KitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 0

Property Features

Assessment Total 264400 Building Assessment 230200 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 34200 Net Operating Income 0 Renovated Year 2018 Sewer Public Sewer Tax Amount 10055 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Lease Expiration 2026-12-26 Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1960 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Utilities All UndergroundElectricGas In Street Water Public Water Year Built Description Approximate

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams City Views Realty: 973-769-1009.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-07T23:48:36.863.
 
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