Property
Newark City, NJ 07107 575 N 6Th St # 4
$799,000
0 more
Presented By: DIAS & ASSOCIATES REALTY; 973-751-1552
Beds • 7
Baths • 4
Home Details
Discover a rare gem in Newark's North Ward: an income-producing, four-unit property featuring a ground-floor unit with commercial potential. Currently, fully occupied, this asset offers immediate cash flow. The first floor tenant will vacate soon, presenting a valuable opportunity to convert the space into high-demand commercial use or retain as residential. Situated near light rail and NJ Transit bus lines- steps from Newark Penn Station- and surrounded by high foot and vehicle traffic, the location ensures excellent visibility and accessibility for both renters and customers. Ideal for sophisticated investors or owner-occupiers seeking to live in one unit and rent others. This property is within C-1 zoning ( Commercial-neighborhood). Please do your own due diligence. One of the units is in the back (rear unit)
Presented By: DIAS & ASSOCIATES REALTY; 973-751-1552
Interior Features for 575 N 6Th St # 4
Bedrooms
Total Bedrooms7
Unit 1 Beds Total2
Unit 2 Beds Total1
Unit 3 Beds Total2
Unit 4 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 4 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels2
Unit 4 Levels3
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Other Rooms
Unit 4 Rooms4
Unit 2 Rooms3
Unit 1 Rooms3
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room
Unit 4 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
General for 575 N 6Th St # 4
Architectural Style3-Three Story
Building #1
CoolingWall A/C Unit(s)
CountyEssex
DirectionsBloomfield Avenue., to N. 6TH.
DriveSee Remarks
EasementNo
ExclusionsTenant's belongings.
Farm AssessmentNo
Full Baths4
Garage Spaces
Gross Income76800
Heating4+ Units
Home Warranty Y/NNo
Net Operating Income61640
Number Of Units Total4
Open Parking Spaces
Operating Expense15159
PossessionAt closing
RoofFlat
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount9283
Tax Assessed Value244100
Tax Lot45
Tax Year2024
Total Rooms14
Town #1614
TownshipNewark City
Unit Number4
UtilitiesAll Underground
Water HeaterGas
Year Built0
ZoningC-1
Exterior for 575 N 6Th St # 4
Exterior DescriptionBrick, Stucco
Lot Dimensions24.10X100
Lot FeaturesLevel Lot
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Jonathan Lockette
Associate