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$550,000
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Property Description
Opportunity awaits with this well-located two-family property in Newark's desirable North Ward. Conveniently situated near public transportation, major highways, schools, shopping, dining, houses of worship, and the renowned Branch Brook Park. This income-producing property offers separate living spaces, making it ideal for investors or owner-occupants seeking rental income. Features include an oversized basement providing ample storage and potential for additional use, subject to local regulations. Enjoy easy access to recreation, commuter routes, and neighborhood amenities. A fantastic opportunity to add value and build long-term wealth in a strong rental market.
Full Property Details
Full Property Details for 697 1/2 N 5th St
General
- Price: $550,000
- Taxes: $5,762 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4032996
- Updated: 7/12/2026
- Added to Site: 72 day(s) ago
Interior
- Number of Rooms: 8
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Location
- County: Essex
- Driving Directions: Use GPS to N.5th Street. Off of Bloomfield Ave.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: 1 Unit, Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Stucco
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Flat
- Year Built: 1962
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.04
- Lot Dimensions: 16.10 x 100
- Driveway/Sidewalk: 2 Car Width
Financial Considerations
- Assessment Amount: $103,200
- Land Assmt: $40,900
- Tax Amount: $5,762
- Tax Year: 2025
Disclosures and Reports
- Block: 663
- Lot Number: 49
Listed by The Thompson Realty Group
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Schools
Schools serving 697 1/2 N 5th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Abington Ave. Elementary School 209 Abington Avenue, Newark, NJ 07107 | PK-8 | 0.2 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.4 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 1.1 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 1.2 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 2.4 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 2.3 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2.7 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 2.7 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 697 1/2 N 5th St
Date
Details
Price
Change
Source
7/12/2026
Price Reduced
$550,000
-1.79%
MLS
7/10/2026
Price Reduced
$559,999
—
MLS
7/07/2026
Price Reduced
$560,000
-2.61%
MLS
7/01/2026
Price Reduced
$574,999
—
MLS
6/08/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales 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 697 1/2 N 5th St
697 1/2 N 5th St, Newark, NJ 07107 (MLS# 4032996) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 697 1/2 N 5th St is currently listed for $550,000 and was received on June 08, 2026. Want to learn more about 697 1/2 N 5th 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.

