$880,000

67 Broadway Newark City, NJ 07104

$10,000
Closing credit¹
7 beds
2 full, 1 partial
0.04 acres
Multi-Family

Property details

About 67 Broadway

This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases.Recent updates include a new roof (1 year old) and upgraded electrical wiring. Located in a high-traffic area with excellent visibility, this property offers strong rental demand and significant upside potential.Perfect for owner-occupants, this multi-family property with commercial space offers a unique opportunity to live and collect rent. FHA financing available with just 3.5% down. Ideal for those looking to invest in their future while generating consistent rental income.Don't miss out on this rare opportunity schedule your showing today!

Highlights

Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.04 Acres
Year built1900
ParkingOn-Street Parking, On-Street Parking
MLS #3953067

Summary

  • MLS Number: 3953067
  • Office Name: RE/MAX IN ACTION
  • Office Phone: (908) 558-2727

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Last updated on: 4/9/2025, 1:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property

$880,000

67 Broadway

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

4

Franklin Elementary School

Public District PK-4

0.3 mi

42 Park Ave

4

Roberto Clemente Elementary School

Public District PK-4

0.6 mi

257 Summer Ave

5

Washington Elementary School

Public District KG-6

0.6 mi

80 Belgrove Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $69,932. Residents of Newark City, NJ typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

31%
<35k
38%
35k-100k
31%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

41%
Single, No Kids
25%
Single, with Kids
13%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
8%
12-17 yrs old
32%
18-34 yrs old
38%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • H&MH&M
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • PopeyesPopeyes
  • Boston MarketBoston Market

What do the neighbors drive?

  • DodgeDodge
  • NissanNissan
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 67 Broadway in Newark City, NJ and zip code 07104 in the South Broadway neighborhood. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $880,000.

The number of listings in Newark City, NJ increased by 25.1% between February and March 2025. While the average time on the market in March 2025 was 95 days, the median list price was $489,068.

From Rocket Homes Real Estate and based on county public records data.

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