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$689,000
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Property Description
Discover an incredible investment opportunity in Newark with this three-family home at 352 N 7th Street. Property offers strong rental potential and a prime location close to public transportation, shopping, schools, and major highways.The first and second floors each feature a spacious three-bedroom, one-bath layout with generous living space. The third floor offers a well-designed one-bedroom, one-bath unit, perfect for additional rental income or owner occupancy. All utilities are separate, making management easier.Recent upgrades include brand new boilers and a new furnace. Whether you are an investor looking to generate consistent cash flow or an owner-occupant seeking to offset your mortgage with rental income, this property delivers on both fronts!Schedule your showing today and take advantage of Newark?s growing rental market with this turnkey multi-family home.
Full Property Details
Full Property Details for 352 N 7th St
General
- Price: $689,000
- Taxes: $9,153 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3981085
- Updated: 8/14/2025
- Added to Site: 157 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Location
- County: Essex
- Driving Directions: N 5th St. Drive to N 7th St
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1918
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100 AVG.
- Driveway/Sidewalk: Driveway-Exclusive
Financial Considerations
- Assessment Amount: $214,600
- Land Assmt: $26,100
- Tax Amount: $9,153
- Tax Year: 2024
Disclosures and Reports
- Block: 1947
- Lot Number: 30
Listed by Rosa Agency
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Schools
Schools serving 352 N 7th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 0.1 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.4 mi |
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104 | K-4 | 0.6 mi |
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104 | PK-4 | 0.8 mi |
Roberto Clemente Elementary School 257 Summer Avenue, Newark, NJ 07104 | K-4 | 0.9 mi |
McKinley Elementary School, Newark, NJ 1 Colonnade Place, Newark, NJ 07104 | K-4 | 1 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1.1 mi |
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104 | PK-4 | 1.5 mi |
Elliott Street Elementary School 721 Summer Avenue, Newark, NJ 07104 | K-4 | 1.6 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 352 N 7th St
Date
Details
Price
Change
Source
8/13/2025
Listed
$689,000
95.74%
MLS
8/10/2018
Sold
$352,000
—
Public Record
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 352 N 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,154
2%
$240,700
—
2022
$8,993
—
$240,700
—
2021
$8,988
33%
$240,700
—
2021
$6,776
10%
$240,700
47%
2019
$6,161
2%
$163,800
—
2018
$6,049
4%
$163,800
—
2017
$5,831
3%
$163,800
—
2016
$5,635
4%
$163,800
—
2015
$5,420
12%
$163,800
—
2013
$4,837
—
$163,800
—
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 352 N 7th St
352 N 7th St, Newark, NJ 07107 (MLS# 3981085) is a Multi-Family property with 3 units containing 7 bedrooms and 3 full bathrooms. 352 N 7th St is currently listed for $689,000 and was received on August 13, 2025. Want to learn more about 352 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.

