No photo available

$650,000

For Sale
Under Contract
Duplex
4 Beds
2 Full Baths
2 Car Garage

Map & Location

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Property Description

Welcome to 506 N 7th St in the heart of Newark a versatile 2-family home offering excellent investment potential or multigenerational living. The first floor is occupied by a long-term, reliable tenant, providing immediate rental income. The vacant second floor features beautiful hardwood floors, spacious rooms, 2 bedrooms, and exclusive access to a full walk-up attic, perfect for storage or future expansion possibilities.Outside, enjoy a 2-car detached garage and a private yard area. The property is ideally located near schools, shopping centers, houses of worship, and the world-famous Branch Brook Park, known for its cherry blossoms, walking trails, and year-round recreation. Commuters will appreciate the proximity to NJ Transit bus lines, light rail, and major highways, offering quick access to Downtown Newark, universities, and NYC.Whether you're an investor or an owner-occupant, 506 N 7th St delivers convenience, charm, and opportunity in one of Newark's most vibrant neighborhoods.

Full Property Details

Full Property Details for 504-506 7th St

General

Price: $650,000
Taxes: $10,555
Status: Under Contract
Type: Duplex
Source: NJMLS
MLS ID: 25041456
Updated: 12/4/2025
Added to Site: 60 day(s) ago

Interior

Number of Rooms: 11

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 4

Other Rooms

Laundry: See Remarks

Parking

Garage: Yes
Garage Spaces: 2

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Sep Elec, Sep Gas, Sep Heat

Structural Information

Architectural Style: 2 Family

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $10,555

Listed by Keller Williams City Views Realty (201) 592-8900, Nicholas Verdi (973) 769-1009

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Listing agent

— 504-506 7th St —

Nicholas Verdi

Keller Williams City Views Realty

973-769-1009

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NMLS#: 1598647

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Schools

Schools serving 504-506 7th St

School District:Newark City School District

Name	Grades	Distance
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107	5-8	0.1 mi
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107	5-8	0.5 mi
Roberto Clemente Elementary School 257 Summer Avenue, Newark, NJ 07104	K-4	0.8 mi
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104	K-4	1 mi
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104	PK-4	1 mi
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104	PK-4	1 mi
Ridge Street Elementary School 735 Ridge Street, Newark, NJ 07104	5-8	1.2 mi
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104	PK-4	1.3 mi
Elliott Street Elementary School 721 Summer Avenue, Newark, NJ 07104	K-4	1.3 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 504-506 7th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/20/2025

Listed

$650,000

66.67%

MLS

1/19/2009

Sold

$390,000

—

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 504-506 7th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$10,055

$264,400

—

2022

$9,878

—

$264,400

—

2021

$9,873

49%

$264,400

47%

2021

$6,643

-2%

$180,200

—

2019

$6,777

$180,200

—

2018

$6,655

$180,200

—

2017

$6,415

$180,200

—

2016

$6,199

$180,200

—

2015

$5,963

12%

$180,200

—

2013

$5,321

—

$180,200

—

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 504-506 7th St

504-506 7th Street, Newark, NJ 07107 (MLS# 25041456) is a Duplex property with 4 bedrooms and 2 full bathrooms. 504-506 7th Street is currently listed for $650,000 and was received on November 20, 2025. Want to learn more about 504-506 7th Street? Do you have questions about finding other Duplex 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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504-506 7th St Newark, NJ 07107