07104 — Newark, NJ

Pre-Foreclosure Leads in
07104 — North Newark / Forest Hill

$350,000 Avg Price

07104 — North Newark / Forest Hill — Area Profile

North Newark's 07104 is the multi-family investor's playground. Two-family and three-family homes dominate the housing stock — properties where live-in landlords who've fallen behind on taxes or mortgage payments are eager to sell. A $350K two-family home renting both units at $1,400-$1,600/month produces $2,800-$3,200 in gross monthly income. The Forest Hill section is especially promising, with tree-lined streets and architectural charm that command premium rents from NYC-commuting tenants. The AI targets these distressed multi-family owners with professional outreach that converts at 4x the rate of postcards.

FAQ — 07104

Why are multi-family homes in 07104 a strong investment?
The math works exceptionally well. Acquire a two-family at $280K-$320K (pre-foreclosure price), spend $20K-$30K on cosmetic rehab, rent both units for $1,500-$1,800 each. That's $3,000-$3,600/month gross rent on a property you acquired for under $350K all-in. Cap rates of 8-10% are achievable — rare for the NYC metro area. The AI finds these opportunities before they hit any listing service.

Other Zip Codes

07102 — Downtown Newark 07108 — South Newark / Weequahic
Back to Newark
REI Solutions View Plans Free Starter Kit AI Features

Capture Every Lead in 07104

Don't let another investor beat you to 07104 — North Newark / Forest Hill's distressed properties. AI calls first.

Get Started Free View Plans