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12 Beds
6 Baths

$895,000

524 Mulberry St, Newark City NJ, 07114

Built in1905
Property typeMulti-family

Overview

Active

Listed Nov 4, 2026

Updated 17h ago

INCREDIBLE INVESTMENT OPPORTUNITY IN NEWARK'S HIGHLY DESIRABLE SOUTH IRONBOUND SECTION!INVESTORS, THIS IS THE OPPORTUNITY YOU'VE BEEN WAITING FOR! Spacious legal three-family property packed with income-producing potential! Each of the three units features 3 bedrooms plus additional bonus rooms, offering generous space and flexibility. The basement also includes three additional bonus spaces with exciting possibilities, subject to municipal approvals.LOCATION, LOCATION, LOCATION! Ideally situated near Newark Liberty International Airport, Prudential Center, major highways, public transportation, restaurants, shopping, and entertainment! This prime location offers exciting potential for short-term, mid-term, and long-term rental strategies, subject to local regulations and approvals.With projected gross rental income potential of $10,500+ MONTHLY and $126,000+ ANNUALLY, the possibilities are tremendous!SO MUCH POTENTIAL! A CASH COW IN THE MAKING! Whether you're expanding your investment portfolio or looking for your next income-producing property, THIS IS ONE YOU DON'T WANT TO MISS!BRING YOUR BEST OFFER AND LET'S MAKE THIS CASH COW YOURS!

$5,954/mo

Est. mortgage payment based on a $895,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4062921

Interior Features

Bedrooms
12
Bathrooms
6
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$13,840
Tax Frequency
Annually
55+/Senior Community
No

Also listed on MLS / NJMLS

Courtesy of WEICHERT REALTORS with MARY GRIESS,
Listing Contact: 9737791900 

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