Presenting an exceptional income-generating property in Newark, this updated 2-family residence spans 4380 sq ft as per town records. First and second floor apartments each offer 3 bedrooms, one new bathroom, spacious kitchen with walk-in pantry and master bedrooms with walk-in closets. Fully finished large attic with a lot of potential including a bath to add value. Attic and second floor apartment were rented together to a section 8 family. Mostly finished basement with new bathroom and inside/outside entrances. Basement floor is unfinished and seller won't credit for it. No appliances. First floor apartment won't be available for showings and the property is expected to be delivered with a first-floor tenant, unless otherwise negotiated. Buyers responsible for CO and town inspections. Underground oil tank scheduled to be removed on 3/12/26 at owner's expense. Sold strictly 'as is'. Close to transportation and shopping.
2 Units, Auxiliary Electric Heat, Radiators - Hot Water
Cooling
None
Utility Features
All Underground
SEWER
Public Sewer
WATER SOURCE
Public Water
Year Built
1915
Basement
Finished-Partially, Full
ARCHITECTURAL STYLE
3+ Story
Roof
Asphalt Shingle
EXTERIOR FEATURES
Open Porch(es)
CITY
Newark City
COUNTY
Essex
STATE
NJ
TAX AMOUNT
5214.0
LATEST UPDATE
2026-03-22T13:50:30.295Z
DAYS ON MARKET
16
PRICE CHANGE(S)
$629,000 Mar 22, 2026
Property Details
Property TypeMulti Family
StatusActive
Bedrooms7
Bathrooms (Full)4
Square Feet4,380
MLS #4013120
Heating2 Units, Auxiliary Electric Heat, Radiators - Hot Water
CoolingNone
Utility FeaturesAll Underground
SEWERPublic Sewer
WATER SOURCEPublic Water
Year Built1915
BasementFinished-Partially, Full
ARCHITECTURAL STYLE3+ Story
RoofAsphalt Shingle
EXTERIOR FEATURESOpen Porch(es)
CITYNewark City
COUNTYEssex
STATENJ
TAX AMOUNT5214.0
LATEST UPDATE2026-03-22T13:50:30.295Z
DAYS ON MARKET16
PRICE CHANGE(S)
$629,000 Mar 22, 2026
Market Trends
New Properties On Market
50
Average Asking Price
$337,517
$31,147 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$122
$21 Increase In List Price/Sq. Ft.
Average Days On Market
6
17 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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