490 S 20Th St Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07103
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $355
MLS Listing ID 3957212
Style 2-Two Story
Bedrooms 5
Full Baths 2
Year Built 1924
Annual Tax Amount $4,932
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
Welcome to 490 S. 20th St., Newark on West Side in redevelopment area"a fully renovated 2-family investment opportunity offering strong rental income and long-term upside. Both units feature spacious 2-bedroom/1-bath layouts, with the second-floor unit including an extra office or nursery. Extensive upgrades include brand-new kitchens and bathrooms, a new roof, new plumbing, 2 new water heaters, and a new furnace. Separate utilities for convenience. Estimated rental income delivers immediate cash flow. Bonus: full-height basement with expansion potential. Perfect for investors or savvy buyers seeking a turnkey multi-unit property with strong cap rate and future upside. Located close to parks, shopping, and public transportation. Being Sold Asi-Is. CO and Fire Certs done.
Location
State NJ
County Essex
Rooms
Basement Full, Unfinished, Walkout
Interior
Interior Features Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks, Vinyl Siding, Wood
Parking Features See Remarks
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle, Flat
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Schools
High Schools Technology
Others
Senior Community No