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Listing Courtesy Of:
TWRG REALTY GROUP, 908-355-1717, MOSHE WIGDER
Local Realty Services Provided By:
Keller Williams NJ Metro Group
Overview
What It'll Cost
Neighborhood
Similar Homes
587 Dr Martin Luther King J, Newark City, NJ 07102
3 Beds
3 Baths
587 Dr Martin Luther King J, Newark City, NJ 07102
Estimation provided by Keller Williams Realty Inc.
3 Beds
3 Baths
Under Contract
For Sale
Property Description
This legal three-family property is a rare find in the heart of downtown Newark, a rapidly growing area experiencing a major development boom. Live in one unit and rent out the others for steady rental income while building equity in a thriving community. Surrounded by extensive redevelopment, this property offers unlimited potential in a prime location. Just minutes from the Prudential Center, premier shopping, top-rated restaurants, and both public and charter schools, it provides unmatched convenience. With easy access to Newark Penn Station, major highways, public transit, and Newark Airport, commuting is effortless. Be part of the New Newark renaissance and stake your claim in this dynamic neighborhood. Close to schools, colleges, hospitals, and a bustling downtown scene, this is a unique chance to invest in a high-demand location. Opportunity is knocking answer it today!
Property Details
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Overview
Property Type
Multi-Family
Days on Site
37 Days
HVAC
Fuel: Gas-Natural, Cooling: Wall A/C Unit(s), Heating: 3 Units
Parking
Yes
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$615,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.
Price & Tax History
Date
Event
Price
02/17/2025
Listed
(+846.15% )
01/19/2011
Sold
(+8.51% )
01/07/2011
Sold
(-4.92% )
03/25/1999
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(-0.21% )
Land 38,000 +
Additions 113,200
2022
(+0.05% )
Land 38,000 +
Additions 113,200
2021
(-0.72% )
Land 38,000 +
Additions 113,200
2019
(+1.84% )
Land 38,000 +
Additions 113,200
2018
Land 38,000 +
Additions 113,200
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
Estimated commute times from Springfield/Belmont
Car-Dependent
Walkable
Very Walkable
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