Date
Details
Price
Change
Source
12/19/2025
Listed
$795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
This gem is the perfect addition to your investment portfolio with this rare multi-family property featuring two separate structures on one expansive lot. The front building offers a three-family layout, while the rear structure houses an additional two-unit structure, providing a total of five units. Four units are currently occupied with stable tenants, generating immediate income. One unit requires rehab, offering value-add potential for increased future returns. Equipped with separate utilities and a large fenced in yard. Perfect for a seasoned investor or buyer searching for their first multi-family acquisition. This property delivers strong cash flow, upside potential, and long-term stability. Close to mass transportation making a commute into Downtown Newark and into NYC a breeze. Minutes to Rutgers Hospital, Rutgers Newark and NJIT.
Full Property Details
Full Property Details for 297 S 7th St
General
- Price: $795,000
- Taxes: $10,880 (2024)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 4002283
- Updated: 12/19/2025
- Added to Site: 76 day(s) ago
Business
- Includes: Building & Land
Rental Information
- Lease/Rent Term: Other
- Lease Terms: Month-To-Month
Interior
- Flooring: Carpeting, Laminate
Rooms
Bathrooms
- Total Bathrooms: 5
- Restrooms: 5
Additional Information
- Equipment: Smoke Detector
Parking
- Parking: None, On-Street Parking
Location
- County: Essex
- Driving Directions: 14th Ave to 7th
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 4+ Units, Electric Baseboard, Radiators - Hot Water, Radiators - Steam
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Fiber Optic Available
Structural Information
- Construction: Wood
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Ceiling Height: 8
- Stories in Building: 3
- Square Feet: 4,800
- Aprox. Leasable: 4,800 Sq. Ft.
- Year Built: 1920
Unit Information
- 1 Bedroom Units: 12
- 2 Bedroom Units: 3
- 3 Bedroom Units: 2
- Units w/Full Bath: 5
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: 56.10 X 86.4
- Zoning: Res
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $165
- Expenses: Insurance, Maintenance - Exterior, Property Management, Snow Removal, Taxes
- Assessment Amount: $286,100
- Land Assmt: $33,000
- Tax Amount: $10,880
- Tax Year: 2024
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, Leases
- Disclosures: Yes
- APN: 1614-00269-0000-00017-0000-
- Block: 269
- Lot Number: 17
Listed by MONARCH REALTY & ASSOCIATES
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Listing agent
— 297 S 7th St —
MONARCH REALTY & ASSOCIATES
908-312-3095
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 297 S 7th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.2 mi |
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103 | PK-4 | 0.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.3 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.4 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.7 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.4 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.5 mi |
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103 | K-4 | 0.7 mi |
Fourteenth Avenue Elementary School 26 Speedway Avenue, Newark, NJ 07106 | K-4 | 0.8 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 297 S 7th St
Estimate the Cost
Estimate the Cost for 297 S 7th St
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297 S 7th St, Newark, NJ 07103 (MLS# 4002283) is a Apartment property. 297 S 7th St is currently listed for $795,000 and was received on December 19, 2025. Want to learn more about 297 S 7th St? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.