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Brand-New 3-Family Homes in Newark from $1.1M
Jersey Shore Homes at Newark include brand-new 3-family homes built by Manny Rosa Signature Homes and offered by Rosa Agency Realtors. Each home has three separate units, so you can live in one and rent the other two, or rent all three as an investment property. 3-family homes start from $1.1M with limited availability. Call 862-343-9033 for current inventory.
Available 3-Family Models
Long Branch Model at 788 Bergen St, Newark, NJ: 8 bedrooms, 6 baths, 2-car garage and 4,914 sq ft of gross living area.
Spring Lake Model at 746-748 Bergen St, Newark, NJ: 8 bedrooms, 6 baths, 2-car garage and 4,914 sq ft of gross living area.
Why Buy a New 3-Family Home in Newark?
More rental income: with three separate units, you can live in one and rent two, or rent all three. A 3-bedroom, 2-bath unit with a garage typically rents for $2,600 to $2,900 per month in Newark.
Low down payment: FHA loans cover owner-occupied homes with up to four units, so qualified buyers with a credit score of 620 or higher may put down as little as 3.5% when they live in one unit; your lender will confirm eligibility.
Tax savings: eligible new construction can qualify for the City of Newark's 5-year tax abatement, and the benefit transfers to a new owner if you sell during the abatement period.
Built to last: every home includes a 2-10 year warranty and more than 50 standard upgrades, including an all-brick front, Red Oak hardwood floors, granite countertops and stainless steel appliances.
Location: Newark Penn Station offers NJ Transit and PATH train service to New York City, with quick access to major highways and Newark Liberty International Airport.
How to Buy Your New 3-Family Home
1. Get pre-qualified with a lender experienced in 3-family (multi-unit) loans; a credit score of 620 or higher is recommended.
2. Share your pre-qualification letter with us so we can show you all available homes in your price range.
3. Tour the homes in person or explore our 3D virtual tours.
4. Sign your contract. Homes are typically completed about 6 months after the foundation is laid, and many sell before completion.
Learn More
Read our Newark New Construction FAQ and Buyer Q&A for details on pricing, financing and the tax abatement. Looking for a smaller home? Our 2-family homes start from $830K. Call 862-343-9033 to schedule a tour.