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7 White Ter

Newark City, NJ 07108
  • $595,000
  • STATUS: Active Under Contract
  • ON SITE: 106 Days
  • MLS #: 3994422
Under Contract
UPDATED: 55 min ago
$595,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1907
County:
Area:

School Ratings & Info

Description

Investor Alert! Don't miss this incredible opportunity to own a spacious 2-family detached home in the heart of Essex County, situated on a quiet dead-end street.The first-floor unit features 1 bedroom, 2 full bathrooms, and a finished basement perfect for additional living or storage space. This unit will be vacant at closing, ready for an owner-occupant or new tenant.The second-floor unit offers 5 bedrooms, 2 full bathrooms, and ample storage space, currently occupied by a paying tenant providing immediate income.Recent updates include new windows and a newer heating system. The property also boasts hardwood floors, private backyard with a stone patio, and enclosed front porches on both levels, all enclosed by an iron fence for added privacy.This home is being sold as-is, and the buyer is responsible for all municipal inspections, certifications, and the certificate of occupancy.With strong rental potential (estimated fair market rents of approximately $1,768 for the 1-bedroom unit and $3,065 for the 4"5-bedroom unit), this property is an excellent addition to any investor's portfolio. There's even potential to convert to a 3-family with city approval.Endless potential " live in one unit, rent the other, or expand your investment portfolio!

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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 2026-02-08T21:48:29.36.
www.trompeterrealestate.com/homes/169219624
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7 White Ter Newark City, NJ 07108

  • Price: $595,000
  • Status: Active Under Contract
  • On Site: 106 Days
  • Updated: 55 min ago
  • MLS #: 3994422
6
Beds
4
Baths
0
½ Baths
0.08
Acres
1907
Built
County:
Essex
Area:
Newark City
Property Description
Investor Alert! Don't miss this incredible opportunity to own a spacious 2-family detached home in the heart of Essex County, situated on a quiet dead-end street.The first-floor unit features 1 bedroom, 2 full bathrooms, and a finished basement perfect for additional living or storage space. This unit will be vacant at closing, ready for an owner-occupant or new tenant.The second-floor unit offers 5 bedrooms, 2 full bathrooms, and ample storage space, currently occupied by a paying tenant providing immediate income.Recent updates include new windows and a newer heating system. The property also boasts hardwood floors, private backyard with a stone patio, and enclosed front porches on both levels, all enclosed by an iron fence for added privacy.This home is being sold as-is, and the buyer is responsible for all municipal inspections, certifications, and the certificate of occupancy.With strong rental potential (estimated fair market rents of approximately $1,768 for the 1-bedroom unit and $3,065 for the 4"5-bedroom unit), this property is an excellent addition to any investor's portfolio. There's even potential to convert to a 3-family with city approval.Endless potential " live in one unit, rent the other, or expand your investment portfolio!
Exterior Features

Approximate Lot Size 40X90 .0826 Exterior Description Aluminum SidingBrick Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling None Heating Baseboard - Hotwater Total Number Of Rooms 17 Unit1 Appliances Equipment DishwasherDryerKitchen Exhaust FanMicrowave OvenRange/Oven - GasRefrigeratorWasher Unit1 Baths 2.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving/Dining RoomMaster BedroomRec RoomStorage Unit1 Rooms 7 Unit1 Security Deposit 0 Unit1 Sq Ft 1000 Unit2 Appliances Equipment DishwasherDryerKitchen Exhaust FanMicrowave OvenRange/Oven - GasRefrigeratorWasher Unit2 Baths 2.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomKitchenLiving RoomMaster BedroomStorage Unit2 Rooms 10 Unit2 Sq Ft 1500

Property Features

Assessment Total 169800 Building Assessment 146400 Easement No Fha Age Restricted No Fuel Type None Gross Operating Income 20160 Land Assessment 23400 Net Operating Income 20160 Sewer Public Sewer Tax Amount 6457 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 0 Unit Style Under/Over Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays Gas Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays Gas Unit2 Rent 1680 Unit2 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Historical

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 215-355-5565.


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 2026-02-08T21:48:29.36.
 
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Jersey City NJ, 07302