161-167 North 7th Street Newark, NJ 07107

$1,575,000
14
Beds
8
Baths
0.21
Acres
9,370
SQFT
168
$/SQFT
$1,575,000
14
Beds
8
Baths
9,370   sf
$168 / sf
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active
1/6
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Amazing INVESTMENT opportunity!!!Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings!This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths.With creative TLC you can upgrade this home to 20th century vibes.As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back. BONUS: Vacant buildable lot attached!

Amazing INVESTMENT opportunity!!!Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings!This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths.With creative TLC you can upgrade this home to 20th century vibes.As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back. BONUS: Vacant buildable lot attached!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Essex
  • Area
    Newark
  • HOA Dues
    $10/mo
  • Status
    Active
  • Listing #
    22401627
  • Built
    1910
  • Lot Size
    0.21
  • Listed on site
    337 days
  • Co Listing Agent Id
    20160211192007116945000000
  • Listing Agent Phone
    (732) 772-5341

Listed by:
Silvera Realty Co.

Listing provided by Monmouth Ocean Regional MLS.
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Property details

Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
  • Basement

Style

  • Three+ Story

Property History

DateDays AgoEventNew Price
Sep 22, 20243 mos agoPrice decreased175,000 (10%)$1,575,000
May 27, 20247 mos agoPrice decreased150,000 (8%)$1,750,000
Jan 18, 202411 mos agoNew on market$1,900,000
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