$620,000

Estimated payment $3,782/month

Total Views 3,964
6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Spacious Multifamily Property in the Heart of Newark Don't miss this incredible opportunity to own a large multifamily home situated on an oversized 50 x 130 lot with parking for up to six cars a rare find in the area. This property is perfect for both investors and homeowners, offering tons of potential with the right vision. One unit, currently owner-occupied, will be delivered vacant at closing. The first and third-floor tenants are month-to-month, providing added flexibility for occupancy or rental adjustments. Located in a desirable Newark neighborhood, close to public transportation, shopping, and local amenities. Come take a look and see everything this unique property has to offer.

Listing Agent

John Bowe Jr.

WEICHERT RLTRS TEN-CRESKL Brokerage Phone: 201-923-8834 Listed on: 07/26/2025

WEICHERT RLTRS TEN-CRESKL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,902

Year Built

  • Built in 1905

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Private Driveway
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Radiator
  • Underground Utilities

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 1614-01927-0000-00006-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,902

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1905
  • Year Built Description: Approximate
  • County Name: Essex
  • Exclusions: Personal Property
  • Street Number Display: 118
  • Directions: Park Ave to N 9th Street
  • I D: 5374292
  • Modified: 2025-09-24
  • Number Images: 2
  • Attribution Contact: 201-923-8834
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 14
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 6
  • Parking Driveway Description: 2 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water

Lot Info

  • Lot Size: 50X130
  • Assessed Improvement Value: 124400
  • Assessed Land Value: 30800
  • Assessment: 155200
  • Easement: Unknown
  • Lot Identifier: 6
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.15

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5902
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-01927-0000-00006-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,786 $155,200 $30,800 $124,400
2024 $5,786 $155,200 $30,800 $124,400
2022 $5,798 $155,200 $30,800 $124,400
2021 $5,795 $155,200 $30,800 $124,400
2020 $5,898 $155,200 $30,800 $124,400
2019 $5,837 $155,200 $30,800 $124,400
2018 $5,732 $155,200 $30,800 $124,400
2017 $5,525 $155,200 $30,800 $124,400
2016 $5,339 $155,200 $30,800 $124,400
2015 $5,136 $155,200 $30,800 $124,400
2014 $4,813 $155,200 $30,800 $124,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2025 09/24/25 Price Changed $620,000 -0.8% --
07/26/2025 07/26/25 For Sale $625,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $265,265 --
Quit Claim Deed $265,300 --
Deed $180,000 --
Deed $60,000 --
Deed $60,000 --
Quit Claim Deed $149,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $238,500 No Value Available
Previous Owner $178,578 FHA
Source: Public Records

Source: Garden State MLS

MLS Number: 3977694

Garden State MLS

APN: 14-01927-0000-00006