Newark City Homes under $1.25 million

Welcome to Newark City, New Jersey, a vibrant urban hub nestled in the heart of Essex County. Rich in history and culture, Newark is not just the largest city in New Jersey but also a thriving center for arts, education, and innovation. With a diverse population and a dynamic atmosphere, Newark offers a unique blend of urban living and community spirit.

For those seeking a home in this bustling city, Newark boasts an impressive array of properties priced under $1.25 million. Whether you're a first-time homebuyer, a growing family, or looking to invest, you'll find a variety of charming residences that cater to different lifestyles and preferences. From historic brownstones and modern condominiums to spacious single-family homes, Newark's real estate market has something for everyone.

One of the city’s standout features is its accessibility. With robust public transportation options, including NJ Transit and PATH trains, commuting to New York City and other neighboring areas is a breeze. Residents enjoy a wealth of amenities, including parks, shopping districts, and a vibrant dining scene that reflects the city's multicultural heritage.

Newark is also home to esteemed educational institutions, such as Rutgers University and NJIT, making it an ideal location for students and academics. The city’s commitment to revitalization and development ensures that it continues to grow, providing residents with a promising future.

Explore Newark City today and discover the perfect home that fits your budget and lifestyle. With properties under $1.25 million, your dream home in this lively city is just a visit away!

Newest Newark City Homes under $1.25 million

$799,000

10 Beds ⋅ 5 Baths ⋅ 4058191 MLS

Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark's West Side section, featuring a projected 9.3% cap rate an excellent opportunity for investors seeking strong rental income and return potential. Annual property taxes are approximately $7,438. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: Three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: Rec room, sitting area and full bath, with private access from the rear of the home. Second floor: Three bedrooms, living room, kitchen and two full baths. Third floor: Three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional feature rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Conveniently located near The Ironbound, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Down payment assistance, FHA 100% financing and financing with as little as 3.5%-5% down on 2"4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!

63 S 7Th St, Newark City

$949,000

8 Beds ⋅ 6 Baths ⋅ 4058129 MLS

47 Crawford St, Newark City

$420,000

6 Beds ⋅ 2 Baths ⋅ 4058117 MLS

Welcome to 157 Milford Avenue, a two-family property generating $3,800 in monthly rental income, totaling $45,600 annually! Each unit features 3 bedrooms, 1 full bathroom, a living room, dining room, and kitchen. The first-floor unit was fully renovated in 2026 and is currently rented for $2,300/month under a one-year lease. The second-floor unit is rented for $1,500/month on a month-to-month basis, offering additional renovation and value-add potential. The unfinished basement includes plumbing hookups for a potential bathroom. The property also features a backyard with room for improvements and is situated on a dead-end street with street parking available. Property needs renovations and is being sold strictly AS IS. An excellent opportunity for investors looking to generate immediate rental income while building long-term equity through property improvements!

157 Milford Ave, Newark City

$555,000

9 Beds ⋅ 3 Baths ⋅ 4058040 MLS

Excellent opportunity for investors seeking a fully occupied, income-producing three-family property located in the Central Ward. Each of the three residential units features 3 bedrooms and 1 full bathroom, offering a total of 9 bedrooms and 3 bathrooms. The property is fully occupied, providing rental income from day one. The owner pays heat, while tenants are responsible for their own gas and electric expenses. Conveniently located near major highways, this property offers accessibility for residents and commuters alike. An attractive opportunity for experienced investors looking to expand their rental portfolio or buyers seeking a multifamily investment with established occupancy and ongoing income potential.

109 S 12Th St, Newark City

$675,500

7 Beds ⋅ 3.3 Baths ⋅ 4058038 MLS

Excellent investment opportunity in Newark! This spacious multifamily property features two units: a 5-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. Ideal for investors or owner-occupants looking to generate rental income. Conveniently located near public transportation, major highways, shopping, schools, and with easy access to downtown Newark and NYC. A great opportunity to expand your portfolio!

730 S 15Th St, Newark City

$699,500

4 Beds ⋅ 2 Baths ⋅ 4058027 MLS

Great investment opportunity in Newark! This multifamily property features two units, each offering 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms. Includes a full basement, 2-car garage, and parking for 4+ cars. Conveniently located near shopping, transportation, and major highways. Perfect for investors or owner-occupants!

10 Bock Ave, Newark City

$499,000

7 Beds ⋅ 4 Baths ⋅ 4058012 MLS

Welcome to 27 Richelieu Terrace! This beautifully renovated home offers 7 spacious bedrooms and 4 bathrooms, featuring a modern open-concept living room and kitchen, perfect for entertaining and comfortable everyday living. The finished basement provides additional versatile living space. Conveniently located approximately 40 minutes from Manhattan, with easy access to Newark Liberty International Airport, major highways, shopping, dining, and public transportation. Whether you're looking for a spacious primary residence or an investment opportunity, this property offers incredible flexibility and income potential. Explore opportunities for room rentals or short-term rentals such as Airbnb, subject to local regulations and approvals. Move-in ready and ideally located, this is an opportunity you don't want to miss. Schedule your private showing today!

27 Richelieu Ter, Newark City

$749,000

9 Beds ⋅ 6 Baths ⋅ 4057891 MLS

Excellent opportunity to own a spacious three-family property at 225 Chadwick Ave, Newark! This multifamily property features three separate units, each offering generously sized rooms and comfortable living spaces. The third-floor unit has been recently renovated, adding updated appeal and value. Conveniently located near major highways and transportation options, this property is ideal for commuters seeking easy access to surrounding areas. Whether you're an experienced investor looking to expand your portfolio or seeking a property with excellent rental income potential, this is an opportunity you won't want to miss!

225 Chadwick Ave, Newark City

$590,000

4 Beds ⋅ 3.1 Baths ⋅ 4057885 MLS

Bring your creative vision to this spacious 2 family unit ideal for investors looking to generate rental income or owner occupants. Unit #1 offers 3 levels of living space that includes a full finished basement with it's own separate entrance, 3 spacious bdrms, 3.5 baths, and a bonus room that can used as an office or guest room, located on the 3rd floor. This home boast of charming bay windows, beautifully arched doorways, and high ceilings that enhances the natural sunlight and original architectural designs of this Victorian style home. Unit #2 is a one level that includes a spacious 1bdrm, 1bath with an eat in kitchen. This corner lot makes way for easy access to major highways and mass transit for a seamless commute to neighboring cities.

2 Howell Pl, Newark City

$1,100,000

10 Beds ⋅ 5 Baths ⋅ 4057867 MLS

Fantastic four-family investment opportunity in a convenient Downtown Newark location. This well-positioned multifamily property features two spacious 4-bedroom apartments and two 1-bedroom apartments, with one unit currently vacant and three units occupied, offering an investor immediate rental income with additional upside. The property also includes a semi-finished basement and private backyard, providing valuable additional space.Ideal for investors looking to expand their rental portfolio or owner-occupants seeking to live in one unit while generating rental income from the others. Conveniently located near public transportation, shopping, dining, schools, and major Newark amenities, with easy access to Newark's downtown transportation network and commuter connections. A strong opportunity for both seasoned investors and buyers looking to add a multifamily property to their portfolio.

11 Cottage St, Newark City

$950,000

6 Beds ⋅ 5 Baths ⋅ 4057865 MLS

Experience modern multi-family living in this beautifully constructed 2025 two-family residence featuring 6 bedrooms and 5 full baths. The first-floor duplex offers 3 bedrooms and 3 full baths, including a primary suite with private en-suite bath, plus exclusive access to the attached 2-car garage. The second-floor residence features 3 bedrooms and 2 full baths, including a primary bedroom with private en-suite bath. Both units offer bright, inviting layouts, hardwood flooring throughout the living areas, modern kitchens with contemporary appliances, and dedicated washer/dryer hookups. Conveniently located near shopping, public transportation, and the Garden State Parkway, with easy access to New York City. An excellent opportunity for investors or owner-occupants seeking the potential benefit of rental income from the additional unit. Both units are currently tenant-occupied on month-to-month tenancies. Buyer to perform due diligence regarding existing tenancies, rental income, property use, and applicable municipal requirements.

73 Stuyvesant Ave, Newark City

$699,999

10 Beds ⋅ 2.2 Baths ⋅ 4057859 MLS

Welcome to this spacious side-by-side two-family home offering an excellent opportunity for investors and owner-occupants alike. Each unit features three finished levels with 5 bedrooms and 1.5 baths, providing generous living space and flexible room configurations. Both units are currently occupied, offering immediate rental income potential. The property also features a private driveway with parking for approximately 3?5 vehicles, plus an additional 3-car garage for added parking, storage, or workspace. A rare combination of size, parking, garage space, and income-producing potential.

179 Vermont Ave, Newark City

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