$630,000

587 Dr Martin Luther Kng, Newark, NJ 07102

  • 6 beds |
  • 3 baths
  • Property Icon Triplex
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major redevelopment, just minutes from the Prudential Center, top restaurants, shopping, schools, Newark Penn Station, colleges, hospitals, and a vibrant downtown. There's also easy access to major highways, public transit, and Newark Airport. This is your chance to join the New Newark renaissance. Act now!

Listing Status:
Active
Date Added:
May 18, 2025 at 05:00AM
Listing Office:
TWRG Realty Group/The World Realty Group : (908) 355-1717
Listing Agent:
Moshe Wigder : (908) 355-1717
MLS ID:
25016814
  • Rooms: 14
  • Laundry: Basement

This listing courtesy of Moshe Wigder, TWRG Realty Group/The World Realty Group

Location

Schools Nearby

Q

Quitman Street Community School

21 Quitman St, Newark, NJ, 07103

Grades PK-8

0.24 miles away

Q

Quitman Street Community School

21 Quitman St, Newark, NJ, 07103

Grades PK-8

0.24 miles away

A

Arts High School

550 M L King Blvd, Newark, NJ, 07102

Grades 9-12

0.08 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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