Excellent investment opportunity! Well-maintained four-family property with one unit to be delivered vacant at closing, offering the perfect opportunity for an owner-occupant or investor. Live in one unit while generating rental income from the others. Conveniently located near shopping, schools, public transportation, and major highways. Don't miss this income-producing property!
Dayton-Weequahic Park, located between Weequahic Park and the Dayton neighborhood, is a residential and park-adjacent Newark neighborhood with a landmark lakefront landscape and a grid of classic side streets. The neighborhood’s character concentrates along Elizabeth Avenue near Meeker Avenue, where corner storefronts, takeout counters, and everyday services set a steady street rhythm. Weequahic Park’s paths, fields, and water views shape daily routines and give the area its open-air backdrop. Housing reads as early- to mid-century, with brick and wood-frame homes and small apartment buildings. The Weequahic Park Historic District adds a sense of continuity through its long-established streetscape. Branch Brook Park’s Cherry Blossom Welcome Center and Newark Symphony Hall sit within a short drive for culture-forward outings.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Full walkout basement
Carbon monoxide detectors
Smoke detectors
Bedrooms
Each unit has 2 bedrooms (four units total)
Bathrooms
Each unit has 1 full bathroom (four units total)
Kitchen
Each unit includes a gas range/oven
Laundry & utility
Owner pays water; tenants pay electric, gas, and heat (per-unit arrangements)
Heating & cooling
Natural gas heating (4 units)
Window air conditioning units
Exterior features
Level lot
Vinyl siding
Asphalt shingle roof
Home design
Fourplex
Renovated in 2020
Year built listed as approximate
Parking
Total of 5 parking spaces
Detached 2-car garage
Driveway with 1-car width
Construction
Vinyl siding construction
Asphalt shingle roof
Detached garage
Utilities
All underground utilities
Public sewer
Public water
Financial info
Four total rental units
Reported gross operating income: 999
Reported net operating income: 999
Reported total operating expenses: 999
Electricity and solar
View estimated energy costs and solar savings for this home