71 Hartford St

newark, NJ 07103

$747,000

  • 7 BR
    4 BA, 1 HALF BA
  • contract signed

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Exceptional Multi-Family Opportunity w/Income Potential! Don’t miss this investment/owner occupant opportunity in a spacious & well maintained multi-family home currently configured as a 2-family residence, w/potential to convert the full 1st floor unit into a 3rd income producing unit (buyer due diligence). Each existing unit features 3 BRS, 2 full baths, including ensuite master baths, spacious kitchens & beautiful wood floors in the LRs, DRs & hallways. Recent upgrades include a new vinyl privacy fence, newly poured concrete patio, & an above-ground pool. All major mechanicals have been updated: HVAC systems & water heaters are less than 2 years old, & the roof is 4 years old. Unit 2 features new carpeting. The shared laundry room includes washer/dryer plus additional hookups for a 2nd set of laundry appliances. Ground flr offers its own private entrance creating a prime opportunity for conversion & additional rental income with minimal adjustments. Unit 1 is connected through a spiral staircase to the ground floor unit which they currently use as a recreation room & is awaiting a conversion. $$$ Unit 2 is currently priced below market value, making this property a compelling investment in both short and long term value. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to offset your mortgage, this property delivers versatility and upside. Ideally located near shops, schools, parks, transportation, museums and the Prudential Center.

Details

Other

$8,294 Annual Tax

MLS/Listing ID 25026525

NJMLS

Source of Data: NEW JERSEY MLS

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NJMLS

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Douglas Elliman of NJ are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 10/26/2025.
Source: New Jersey Multiple Listing Service, Inc.

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