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$1,125,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 1 day ago
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Welcome to 348 North 7th Street, a beautifully designed, newly constructed three-family home located in desirable North Newark. Offering modern layouts, spacious living areas, and exceptional investment potential, this property is ideal for both owner occupants and investors. This three-story property features three thoughtfully designed residential units, including two spacious three-bedroom units and one two-bedroom unit. Each residence offers two full bathrooms, an open-concept living and dining area, a modern kitchen, and dedicated laundry facilities. The property also includes off-street parking for added convenience. Ideally situated just minutes from Branch Brook Park, famous for its scenic walking paths, recreational amenities, and beautiful cherry blossoms, the property offers convenient access to public transportation, major highways, shopping, dining and downtown Newark, with easy connections to New York City. Whether you're looking to live in one unit while generating rental income from the others or expand your investment portfolio, 348 North 7th Street presents an outstanding opportunity to own a brand new multifamily property in one of Newark's established residential neighborhoods.

Full Property Details for 348 N 7th St

General

  • Price: $1,125,000
  • Taxes: $2,787 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4060760
  • Updated: 10/23/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 24
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Intercom, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Sidewalk, FencVnyl
  • Color: Blue

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Attached Garage, Garage Door Opener, On-Street Parking

Location

  • County: Essex
  • Driving Directions: 280 East to Exit 13, to 1st Street, to Park Ave to 7th Street.

Heating & Cooling

  • Cooling Type: 3 Units, Central Air Conditioning
  • Heating Type: 3 Units, Forced Hot Air
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas, Cable TV Available

Structural Information

  • Architectural Style: 3-Three Story, Triplex
  • Exterior Const.: Brick, Vinyl Siding
  • Basement Desc.: Slab
  • Roof: Asphalt Shingles
  • Square Feet: 4,425
  • Year Built: 2026

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living/Dining Room, Master Bedroom
  • Square Feet: 980
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Laundry Room, Living Room
  • Square Feet: 1350
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Laundry Room, Living Room
  • Square Feet: 1350
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 50.2 x 104.1
  • Driveway/Sidewalk: 2 Car Width

Financial Considerations

  • Land Assmt: $27,500
  • Tax Amount: $2,787
  • Tax Year: 2025

Disclosures and Reports

  • Block: 1947
  • Lot Number: 31.01

Listed by Nj Realty Systems Llc.

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Listing agent

— 348 N 7th St —

  • Nj Realty Systems Llc.

800-455-2059

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 348 N 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/23/2026
Listed
$1,125,000
2591%
MLS
10/16/2024
Sold
$41,806
—
Public Record
Get Price Alerts and Save Property
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 for 348 N 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$69,700
—
2023
100%
$69,700
—
2022
100%
$69,700
—
2021
100%
$69,700
—
2019
-100%
$69,700
—
2016
$2,398
4%
$69,700
—
2015
$2,306
12%
$69,700
—
2013
$2,058
—
$69,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Nj Realty Systems Llc.

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348 N 7th St, Newark, NJ 07107 (MLS# 4060760) is a Multi-Family property with 3 units containing 8 bedrooms and 6 full bathrooms. 348 N 7th St is currently listed for $1,125,000 and was received on October 23, 2026. Want to learn more about 348 N 7th St? 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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