581 N 7th St, Newark, NJ 07107 - Photo 1

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$779,000

For Sale
Active
Multi-Family
7 Total Beds

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Property Description

Spacious 7-Bedroom Multi investment home with Finished Basement in North Newark! This is an AS-IS Sale Buyer has to get the COWelcome to a rare finding in North Newark! This massive residence offers seven spacious bedrooms, three full bathrooms, and one half-bath delivering the space, layout, savvy investor searches for.Key Features:Unmatched Space: 7 generous bedrooms spread across multiple levels, offering endless options for home offices, guest rooms.3.5 Bathrooms: Say goodbye to morning bathroom rush hour. A fully finished basement ready for a recreation room, home gym, theater, or extra storage.Prime Location: Situated on the very same street as a local school, making morning drop-offs seamless and stress-free.While the home retains classic features ready for your personal modern updates, it boasts solid bones, an expansive floor plan, and incredible potential to build instant equity. Bring your vision and make this North Newark gem your own! Schedule your tour today before it's gone.the basement, first fl and third fl will be vacant at closing. the only apartment that will be occupies is the 2nd fl tenants. this is an AS IS sale. the seller will not be making updates and will not be giving any credits. the Buyer will have to take care of CO for the home

Full Property Details

Full Property Details for 581 N 7th St

General

Price: $779,000
Taxes: $7,842 (2025)
Status: Active
Type: Multi-Family
Source: Garden_State
MLS ID: 4050899
Updated: 9/30/2026
Added to Site: 48 day(s) ago

Interior

Number of Rooms: 12
Interior Features: Wood Floors

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 7

Exterior

Exterior Features: Privacy Fence

Location

County: Essex
Driving Directions: Coming from Bloomfield Ave make a right onto North 7th st

School Information

Elementary School: 1ST AVE
Middle School: W HORTON
High School: BARRINGER

Heating & Cooling

Cooling Type: No Cooling
Heating Type: 3 Units, Baseboard - Hotwater
Heating Fuel: Natural Gas
Water Heater: Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas

Structural Information

Architectural Style: 3-Three Story
Exterior Const.: Vinyl Siding
Basement: Yes
Basement Desc.: Finished, Walk-Out
Roof: Asphalt Shingles, Flat
Year Built: 1929
Remodeled/Updated: 1985

Unit Information

Unit 1

Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
Square Feet: 1000
Levels/Stories: 1
Total Bathrooms: 1
Bedrooms: 3

Unit 2

Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
Square Feet: 1200
Levels/Stories: 2
Total Bathrooms: 1
Bedrooms: 3

Unit 3

Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living Room
Square Feet: 900
Levels/Stories: 3
Total Bathrooms: 1
Bedrooms: 1

Lot Features

Lot Size (Acres): 0.06
Lot Dimensions: 25 x 100
Driveway/Sidewalk: 1 Car Width

Financial Considerations

Expenses: Gas, Hot & Cold Water
Operating Expenses: $6,000
Assessment Amount: $151,000
Land Assmt: $45,100
Tax Amount: $7,842
Tax Year: 2025

Disclosures and Reports

Block: 596
Lot Number: 18

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Schools

Schools serving 581 N 7th St

School District:Newark City School District

Name	Grades	Distance
Abington Ave. Elementary School 209 Abington Avenue, Newark, NJ 07107	PK-8	0 mi
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107	5-8	0.2 mi
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104	PK-4	1 mi
Barringer High School 90 Parker Street, Newark, NJ 07104	9-12	1 mi
Technology High School 223 Broadway, Newark, NJ 07102	9-12	1.1 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	2.2 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	2.1 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	2.5 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	2.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 581 N 7th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/30/2026

Price Reduced

$779,000

-2.62%

MLS

9/07/2026

Listed

$799,999

—

MLS

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

Tax History for 581 N 7th St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$7,842

$196,100

—

2023

$7,311

—

$196,100

—

2022

$7,326

—

$196,100

—

2021

$7,322

33%

$196,100

—

2021

$5,520

-24%

$196,100

—

2018

$7,242

$196,100

—

2017

$6,981

$196,100

—

2016

$6,746

-9%

$196,100

—

2019

$7,375

14%

$196,100

—

2015

$6,489

12%

$196,100

—

2013

$5,791

—

$196,100

—

View All

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 581 N 7th St

581 N 7th St, Newark, NJ 07107 (MLS# 4050899) is a Multi-Family property with 3 units containing 7 bedrooms, 3 full bathrooms and 1 partial bathroom. 581 N 7th St is currently listed for $779,000 and was received on September 07, 2026. Want to learn more about 581 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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581 N 7th St Newark, NJ 07107

Full Property Details for 581 N 7th St

General

Interior

Rooms

Bathrooms

Bedrooms

Exterior

Location

School Information

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Unit 3

Lot Features

Financial Considerations

Disclosures and Reports

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Quickly Find Out More

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Schools serving 581 N 7th St

Price & Sales History for 581 N 7th St Get Price Alerts and Save Property

Tax History for 581 N 7th St

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