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696 Dr Martin Luther King J

Newark City, NJ 07102
  • $1,275,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • MLS #: 4006665
Under Contract
UPDATED: 178 min ago
$1,275,000
  • 9
    BEDS
  • 0.13
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
2026
County:
Area:

School Ratings & Info

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.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-14T23:48:47.08.
www.srrealestategroup.com/homes/172442302
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696 Dr Martin Luther King J Newark City, NJ 07102

  • Price: $1,275,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 178 min ago
  • MLS #: 4006665
9
Beds
6
Baths
1
½ Baths
0.13
Acres
2026
Built
County:
Essex
Area:
Newark City
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.
Exterior Features

Approximate Lot Size 35X162 Color Of Building Grey Exterior Description Stucco Number Of Parking Spaces 1 Parking Driveway Description 1 Car WidthOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling Central Air Heating Forced Hot Air Interior Features Carbon Monoxide DetectorChandelierSmoke DetectorStain Glass WindowsWalk-In ClosetWood Floors Total Number Of Rooms 21 Unit1 Appliances Equipment Carbon Monoxide DetectorFire Alarm SystemMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 2.1 Unit1 Bedrooms 4 Unit1 Fireplaces 1 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsEat-In KitchenLaundry RoomLiving RoomMaster BedroomUtility Room Unit1 Rooms 9 Unit1 Security Deposit 0 Unit1 Sq Ft 1440 Unit2 Appliances Equipment Carbon Monoxide DetectorFire Alarm SystemMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLaundry RoomLiving Room Unit2 Rooms 6 Unit2 Sq Ft 1370 Unit3 Baths 2.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenLaundry RoomLiving Room Unit3 Rooms 6 Unit3 Sq Ft 1180

Property Features

Assessment Total 214200 Building Assessment 154700 Easement No Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Home Warranty No Land Assessment 59500 Net Operating Income 0 Renovated Year 2026 Sewer Public Sewer Tax Amount 8146 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Utilities All Underground Water Public Water Water Heater Electric Year Built Description Renovated Zoning Res/Comm

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 908-566-8359.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-14T23:48:47.08.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901