696 Dr Martin Luther King J, Newark, NJ 07102
Local realty services provided by:ERA Reed Realty, Inc.
696 Dr Martin Luther King J,Newark City, NJ 07102
$1,275,000
- 9 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: imani mcclendon
Office: coldwell banker realty
MLS#:4006665
Source:NJ_GSMLS
Price summary
- Price:$1,275,000
About this home
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.
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Home facts
- Year built:2026
- Listing ID #:4006665
- Added:4 day(s) ago
- Updated:January 24, 2026 at 06:56 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Full bathrooms:6
- Half bathrooms:1
Heating and cooling
- Cooling:Central Air
- Heating:Forced Hot Air
Structure and exterior
- Roof:Asphalt Shingle
- Year built:2026
- Lot area:0.13 Acres
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,275,000
- Tax amount:$8,146 (2024)
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