9
See all 9 photos
$615,000
Est. payment /mo
3 BD
3 BA
1,742 Sqft Lot
Under Contract
587 Dr Martin Luther King J Newark City, NJ 07102
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UPDATED:
03/07/2025 01:34 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3946297
Style 3-Three Story
Bedrooms 3
Full Baths 3
Annual Tax Amount $5,750
Tax Year 2024
Lot Size 1,742 Sqft
Property Description
This legal three-family property is a rare find in the heart of downtown Newark, a rapidly growing area experiencing a major development boom. Live in one unit and rent out the others for steady rental income while building equity in a thriving community. Surrounded by extensive redevelopment, this property offers unlimited potential in a prime location. Just minutes from the Prudential Center, premier shopping, top-rated restaurants, and both public and charter schools, it provides unmatched convenience. With easy access to Newark Penn Station, major highways, public transit, and Newark Airport, commuting is effortless. Be part of the New Newark renaissance and stake your claim in this dynamic neighborhood. Close to schools, colleges, hospitals, and a bustling downtown scene, this is a unique chance to invest in a high-demand location. Opportunity is knocking answer it today!
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stone
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by TWRG REALTY GROUP