This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/29
$865,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/29
Property Description
GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.
Full Property Details
Full Property Details for 564 Broadway
General
- Price: $865,000
- Taxes: $6,514 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3986683
- Updated: 9/12/2025
- Added to Site: 126 day(s) ago
Interior
- Number of Rooms: 17
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Location
- County: Essex
- Driving Directions: Between Chester Ave E and Delavan Ave
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning, Wall A/C Unit(s), Window A/C(s)
- Heating Type: 2 Units, Forced Hot Air, Radiators - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Architectural Style: See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt Shingles
- Year Built: 1920
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 27.3 x 104.6
- Driveway/Sidewalk: None
Financial Considerations
- Assessment Amount: $147,600
- Land Assmt: $23,700
- Tax Amount: $6,514
- Tax Year: 2024
Disclosures and Reports
- Block: 679
- Lot Number: 63
Listed by C-21 SEMIAO & ASSOCIATES
Get Pre-Approved Today
Schools
Schools serving 564 Broadway
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104 | PK-4 | 0.2 mi |
Elliott Street Elementary School 721 Summer Avenue, Newark, NJ 07104 | K-4 | 0.4 mi |
Ridge Street Elementary School 735 Ridge Street, Newark, NJ 07104 | 5-8 | 0.6 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.6 mi |
Roberto Clemente Elementary School 257 Summer Avenue, Newark, NJ 07104 | K-4 | 0.7 mi |
New Park School 120 Manchester Place, Newark, NJ 07104 | 5-8 | 1.1 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.1 mi |
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104 | PK-4 | 1.2 mi |
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 1.4 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 564 Broadway
Date
Details
Price
Change
Source
9/12/2025
Listed
$865,000
284.44%
MLS
10/20/2014
Sold
$225,000
—
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 564 Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,515
2%
$171,300
—
2023
$6,386
—
$171,300
—
2022
$6,400
—
$171,300
—
2021
$6,396
33%
$171,300
—
2021
$4,822
-24%
$171,300
—
2018
$6,326
-2%
$171,300
—
2019
$6,443
6%
$171,300
—
2017
$6,098
3%
$171,300
—
2016
$5,893
4%
$171,300
—
2015
$5,668
7%
$171,300
—
2014
$5,312
—
$171,300
—
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 564 Broadway
564 Broadway, Newark, NJ 07104 (MLS# 3986683) is a Multi-Family property with 4 units containing 7 bedrooms and 4 full bathrooms. 564 Broadway is currently listed for $865,000 and was received on September 12, 2025. Want to learn more about 564 Broadway? 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.

