587 Dr Martin Luther King J
Newark City, NJ 07102-
Est. Payment/ mo
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!
PROPERTY DETAILS
- Price $630,000
- Price / Sq Ft $362
- Beds 6
- Baths 3
- Bldg/Unit Size (Sq Ft) 1,742
- Building Units 3
- Land/Lot Size (Sq Ft) 1,742
- Property Type Commercial Sale
- Year Built 9999
- MLS Number 3963920
TAXES & HOA
- Annual Taxes (USD) $5,750
CONSIDER SIMILAR LISTINGS
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Listing provided courtesy of: . The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2025 by Garden State Multiple Listing Service, L.L.C.. All rights reserved. Listing last updated on 05/20/2025 08:09:57
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