ADDRESS
62 E Park Place
Morristown, NJ 07960
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$799,000
101 Days On Site
575 N 6Th St 4Newark City, NJ 07107
For Sale|Multi Family|Active
7
Beds
4
Total Baths
4
Full Baths
County:
Essex
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973-349-0459
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Discover a rare gem in Newark's North Ward: an income-producing, four-unit property featuring a ground-floor unit with commercial potential. Currently, fully occupied, this asset offers immediate cash flow. The first floor tenant will vacate soon, presenting a valuable opportunity to convert the space into high-demand commercial use or retain as residential. Situated near light rail and NJ Transit bus lines- steps from Newark Penn Station- and surrounded by high foot and vehicle traffic, the location ensures excellent visibility and accessibility for both renters and customers. Ideal for sophisticated investors or owner-occupiers seeking to live in one unit and rent others. This property is within C-1 zoning ( Commercial-neighborhood). Please do your own due diligence. One of the units is in the back (rear unit)
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Listing Snapshot
Price
$799,000
Days On Site
101 Days
Bedrooms
7
Inside Area (SqFt)
N/A
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
N/A
MLS® Number
3978548
Status
Active
Property Tax
$9,283
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.06
Number Of Stories
3
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
Style
3-Three Story
Utilities
Cable AvailableUnderground Utilities
Water Source
Public
Zoning
C-1
Interior Features
Appliances
Gas Water Heater
Basement
Unfinished
Flooring
TileVinyl
Heating
Natural Gas
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Exterior Features
Construction Details
BrickStucco
Lot Features
Level
Listing courtesy of DIAS & ASSOCIATES REALTY
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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