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Christina Dominguez

Coldwell Banker Realty

christina.dominguez@cbrealty.com +1(201) 280-6507

$ 650,000

Est. payment | -/mo

5 Beds

2 Baths

1,826 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

5 Beds

2 Baths

1,826 SqFt

OPEN HOUSE

Sun Apr 27, 12:00pm - 3:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,826 sqft

Price per Sqft $355

MLS Listing ID 3957212

Style 2-Two Story

Bedrooms 5

Full Baths 2

Year Built 1924

Annual Tax Amount $4,932

Tax Year 2024

Lot Size 3,049 Sqft

Property Description

Welcome to 490 S. 20th St., Newark on West Side in redevelopment area"a fully renovated 2-family investment opportunity offering strong rental income and long-term upside. Both units feature spacious 2-bedroom/1-bath layouts, with the second-floor unit including an extra office or nursery. Extensive upgrades include brand-new kitchens and bathrooms, a new roof, new plumbing, 2 new water heaters, and a new furnace. Separate utilities for convenience. Estimated rental income delivers immediate cash flow. Bonus: full-height basement with expansion potential. Perfect for investors or savvy buyers seeking a turnkey multi-unit property with strong cap rate and future upside. Located close to parks, shopping, and public transportation. Being Sold Asi-Is. CO and Fire Certs done.

Location

State NJ

County Essex

Rooms

Basement Full, Unfinished, Walkout

Interior

Interior Features Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

Heating Gas-Natural

Cooling Wall A/C Unit(s)

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks, Vinyl Siding, Wood

Parking Features See Remarks

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle, Flat

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Schools

High Schools Technology

Others

Senior Community No

Listed by LIFESTYLE INTERNATIONAL REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(201) 280-6507

christina.dominguez@cbrealty.com

242 Bellevue Ave, Upper Montclair, New Jersey, 07043, USA

490 S 20Th St Newark City, NJ 07103