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THE SOURCE OF THE DISPLAYED DATA IS EITHER THE PROPERTY OWNER OR PUBLIC RECORD PROVIDED BY NON-GOVERNMENTAL THIRD PARTIES. IT IS BELIEVED TO BE RELIABLE BUT NOT GUARANTEED. FOR COLORADO VIEWERS, INFORMATION ABOUT NON-COMMERCIAL PROPERTIES IS PROVIDED EXCLUSIVELY FOR YOUR PERSONAL, NON-COMMERCIAL USE.

575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 09 2025 AT 7:57 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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587 Dr Martin Luther King J

newark, NJ 07102-1234

$615,000

  • 3 BR
    3 BA
  • contract signed

INTERESTED? LET'S CONNECT

This legal three-family property is a rare find in the heart of downtown Newark, a rapidly growing area experiencing a major development boom. Live in one unit and rent out the others for steady rental income while building equity in a thriving community. Surrounded by extensive redevelopment, this property offers unlimited potential in a prime location. Just minutes from the Prudential Center, premier shopping, top-rated restaurants, and both public and charter schools, it provides unmatched convenience. With easy access to Newark Penn Station, major highways, public transit, and Newark Airport, commuting is effortless. Be part of the New Newark renaissance and stake your claim in this dynamic neighborhood. Close to schools, colleges, hospitals, and a bustling downtown scene, this is a unique chance to invest in a high-demand location. Opportunity is knocking answer it today!

Details

1,742.4 Sq Ft Exterior Space

Multi Family

$5,750 Annual Tax

Built in 9999

MLS/Listing ID 3946297

3 Units

Listing Courtesy of TWRG REALTY GROUP, MOSHE WIGDER

GSMLS

Source of Data: GARDEN STATE MLS

Interested in 587 Dr Martin Luther King J?