**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full… Read More and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment. Read Less
Courtesy of CENTURY 21 ALLIANCE REALTY.
Listing Snapshot
Last Updated
Property Type
Single Family Residence
Beds
8
Partial Baths
2
Lot Size
0.27 Acres
Year Built
1920
MLS Number
4011668
30 Days Snapshot Of 07104
$512k
+53%
(avg) sold price
4
0%
homes sold
Snapshot
Area Map
Additional Details
Appliances & Equipment
See Remarks
Basement
Full, BathOthr, SeeRem, Yes
Building
Built in 1920, Colonial
Community
No
Cooling
See Remarks
Dining Room
Formal Dining Room
Exterior Features
See Remarks, Stucco
Fireplaces
1 fireplace, Living Room
Floors
See Remarks
Garage
2 garage spaces, Detached Garage
Water Features
Gas, Public Water
Heating
Gas-Natural, See Remarks, 1 Unit, See Remarks
Kitchen
Eat-In Kitchen
Lot
Approximate Lot Size: 90X130, 0.27 acres
Parking
3 parking spaces, 1 Car Width
Pool
No
Property
FHA Age Restricted: No
Roof
See Remarks
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,983, Tax Rate: 3.803
Utilities
Electric, Gas-Natural
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kellyarthurrealestate.com
March 3, 2026
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