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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

    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!

    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#: 25016814MLS Logo

    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