37 Blum St
Newark City, NJ 07103
Price: $599,000
GSMLS: 4009953Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 7
Baths: 3 Full
Garage: No
Year Built: 1909
Acres: 0.06
Property Tax: $11,047
Description
Income-Producing Two-Unit Multifamily Newark, NJ Revitalizing Corridor! A well-positioned two-family property offering immediate cash flow potential in one of Newark's most actively developing neighborhoods. Situated on a quiet, low-traffic residential street with strong community infrastructure. Unit 2 is fully approved for Housing Choice Vouchers (Section 8), providing investors with guaranteed, government-backed rental income. Unit 1 is currently in the HCV approval process, positioning this property for a fully voucher-supported, low-vacancy income stream upon completion. New construction nearby signals active neighborhood investment and rising property values. This is a ground-floor opportunity in a submarket undergoing meaningful revitalization ideal for the buy-and-hold investor seeking durable, long-term returns.
General Info
Style:
2-Two Story
SqFt Building:
2,600
Total Rooms:
13
Basement:
Yes - Full
Interior:
n/a
Roof:
Flat
Exterior:
Aluminum Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
4
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Living Room, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Forced Hot Air, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$599,000
Tax Amount:
$11,047
Land Assessment:
$31,300
Build. Assessment:
$259,200
Total Assessment:
$290,500
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4009953
List Date:
02-16-2026
Days On Market:
16
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Kene A. Eze
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com
