272 Orange St, Newark City NJ 07103-3223

Property City
Newark City
Property Media
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Property Price
$849,000
Bedrooms
8
Year Built
2006
Tax Annual Amount
$9209
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle, See Remarks
Lot Size Area
0.07
MLS Status
Coming Soon
MLS #
4026353

Exceptional opportunity to own a newer construction 3-family property in Newark with strong income potential, spacious layouts, and rare parking flexibility. Built in 2006, this well-sized multi-family features one 2-bedroom apartment and two oversized 3-bedroom apartments, each offering separate living rooms, dining rooms, and in-unit laundry.What truly sets this property apart is the parking and future upside potential. In addition to the built-in 2-car garage, the property also features a massive 4-car-wide driveway in the rear, offering rare off-street parking capacity that is increasingly difficult to find in Newark. The oversized lot may also present future development possibilities for additional units and/or parking, subject to buyer verification and municipal approvals.Conveniently located just blocks from Route 280 and Route 21, this property offers excellent accessibility to major commuter routes, buses, and the Light Rail. Also located near Branch Brook Park, schools, shopping, restaurants, and entertainment including NJPAC.Ideal for investors or owner-occupants seeking a strong long-term hold opportunity with income, space, parking, and future potential all in one property. Property being sold strictly AS-IS. Buyer responsible for obtaining the Certificate of Occupancy and Smoke Certificate.

Yearly Tax Rate
3.999
Year Built (*numeric)
2006
Basement
Yes
Roofing (*text)
Asphalt Shingle, See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Central Air, Multi-Zone Cooling, See Remarks
GarageSpaces
2
Heating
3 Units, Forced Hot Air, Multi-Zone, See Remarks
Lot Size Dimensions
30X100
Property Location

40.74867, -74.18034

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762