This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major redevelopment, just minutes from the Prudential Center, top restaurants, shopping, schools, Newark Penn Station, colleges, hospitals, and a vibrant downtown. There's also easy access to major highways, public transit, and Newark Airport. This is your chance to join the New Newark renaissance. Act now!
Sold for $630,000 on 08/15/25
$630,000
587 Dr Martin Luther, Newark, NJ 07104
6beds
--sqft
Multi Family
Built in ----
-- sqft lot
$630,200 Zestimate®
$--/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 01:42pm
Listed by:
Moshe Wigder 908-355-1717,
TWRG Realty Group/The World Realty Group
Bought with:
Malgorzata Bober
EXP Realty, LLC
Source: NJMLS,MLS#: 25016814

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: In Basement
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Location
- Region: Newark
Services availability
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Estimated market value
$630,200