163 7th Street, Newark, NJ 07103 - Photo 1

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$599,000

For Sale
Under Contract
Multi-Family
8 Total Beds

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Property Description

Don't miss this incredible opportunity to own an updated three-family property in Newark with strong income-generating potential. Perfect for both investors and owner-occupants, this versatile home allows you to live in one unit while collecting rental income from the others. Take advantage of the flexibility, steady rental demand, and option to customize your investment or new home. The property also features a private backyard, providing outdoor space to relax and enjoy. Ideally located near shopping, dining, schools, and multiple transportation options, this home ensures convenience and accessibility, making it highly attractive for renters and owners. Whether you're a first-time investor, expanding your portfolio, or looking for a home that can help pay for itself, this is a must-see opportunity.

Full Property Details

Full Property Details for 163 7th St

General

Price: $599,000
Taxes: $5,959
Status: Under Contract
Type: Multi-Family
Source: NJMLS
MLS ID: 25033312
Updated: 10/9/2025
Added to Site: 129 day(s) ago

Interior

Number of Rooms: 12

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Other Rooms

Laundry: None

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Sep Elec, Sep Gas, Sep Heat

Structural Information

Architectural Style: 3 Family

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $5,959

Listed by West of Hudson Real Estate (973) 337-6035, Kimberly Latortue (973) 988-3234

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Listing agent

— 163 7th St —

Kimberly Latortue

West of Hudson Real Estate

973-988-3234

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NMLS#: 1598647

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Schools

Schools serving 163 7th St

School District:Newark City School District

Name	Grades	Distance
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	0.1 mi
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	1 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	1 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	1.4 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.8 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	1.9 mi
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106	K-8	2 mi
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106	PK-8	2.2 mi
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112	K-8	2.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 163 7th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/12/2025

Listed

$599,000

22.24%

MLS

4/19/2022

Sold

$490,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 163 7th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$5,959

-48%

$156,700

—

2023

$11,508

97%

$156,700

-49%

2022

$5,854

—

$308,700

97%

2021

$5,851

33%

$156,700

—

2021

$4,411

-24%

$156,700

—

2018

$5,787

$156,700

—

2017

$5,579

$156,700

—

2016

$5,390

-9%

$156,700

—

2019

$5,893

14%

$156,700

—

2015

$5,185

$156,700

—

2014

$4,859

—

$156,700

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 163 7th St

163 7th Street, Newark, NJ 07103 (MLS# 25033312) is a Multi-Family property with units containing 8 bedrooms and 4 full bathrooms. 163 7th Street is currently listed for $599,000 and was received on September 12, 2025. Want to learn more about 163 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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163 7th St Newark, NJ 07103