9
See all 9 photos
$1,275,000
Est. payment /mo
9 Beds
6.5 Baths
3,990 SqFt
New
696 Dr Martin Luther King J Newark City, NJ 07102
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $319
MLS Listing ID 4006665
Style 3-Three Story
Bedrooms 9
Full Baths 6
Half Baths 1
Year Built 2026
Annual Tax Amount $8,146
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Large lot-located in the heart of the Lincoln Park Historic District, this renovated three-family property offers exceptional flexibility for investors, developers, or owner-occupants seeking immediate income with long-term upside. While the property itself is not historically designated, it is uniquely situated between two historic buildings, benefiting from the character and prestige of the district without the limitations of landmark restrictions.The building was reconfigured from a former rooming house into three spacious units, each featuring central heating and cooling, in-unit washer and dryer, and well-designed layouts. Oversized windows flood the interior with natural light, while select stained-glass accents enhance charm and marketability. The third floor unit bedrooms have NYC skyline views. A standout feature is the exceptionally large backyard, a rare offering in this location that presents multiple opportunities for future expansion or redevelopment- Lincoln Park District book attached. This makes the property ideal for an owner-occupant looking to live in one unit while generating rental income from the others, with future plans to extend or extend the property. The seller is open to concessions. A rare chance to secure a versatile asset near Downtown Newark.
Location
State NJ
County Essex
Zoning Res/Comm
Rooms
Basement Finished
Interior
Interior Features Carbon Monoxide Detector, Chandelier, Smoke Detector, Stain Glass Windows, Walk-In Closet, Wood Floors
Heating Gas-Natural
Cooling Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco
Utilities Available All Underground
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY
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