Under Contract Multi-Family MLS# 4031549

32 Martin Luther King Jr B

Newark City, NJ 07104

$819,999

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About 32 Martin Luther King Jr B

Excellent investment opportunity in Newark's desirable 07104 area! This 3-family property offers strong income potential and additional living space with a finished bonus basement. Unit 1 features 2 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. Units 2 and 3 each offer 3 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. The finished basement includes 2 bedrooms, a living room, and a semi-kitchen setup, providing flexible use options. Property requires TLC and presents an ideal value-add opportunity for investors or owner-occupants looking to renovate and maximize returns. Property may be delivered vacant, allowing the next owner to complete modern updates and achieve market rents. Conveniently located near transportation, shopping, schools, and major highways. Being sold as-is. Buyers responsible for conducting their own due diligence regarding legal use and municipal requirements.

Property details

Property

Type
multi
Year built
1882
Lot
0.06 ac
List date
Jun 2, 2026

Schools

District
Newark City School District

Location

Subdivision
Seventh Avenue
Neighborhood
Seventh Avenue

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Listed by XENTRY PROPERTY GROUP LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.