$529,000

123 Vermont Ave Unit 125 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated payment $3,509/month

Total Views 175
6 Beds
3 Baths
5,916 Sq Ft
$89 Price per Sq Ft

About This Home

Three-unit property in need of rehab to full potential. The first-floor unit layout is 2 bedrooms, living room, dining room, enclosed porch kitchen and 1 full bath. The second-floor unit layout is 3 bedrooms, living room, dining room, enclosed porch, kitchen and 1 full bath. The third-floor unit layout is 1 bedroom, living room, dining room, kitchen, pantry and 1 full bath. Full basement with all separate utilities. Spacious lot with detached two-car garage. This property is sold "STRICTLY AS IS" with buyer responsible for all required municipal certifications and inspections at buyer's sole cost and expense.

Listing Agent

CARMEN J. DORNS

Brokerage Phone: 862-701-3030 Listed on: 08/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,583

Year Built

  • Built in 1927

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Private Driveway

Home Design

  • Aluminum Siding
  • Stone Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units
  • Radiator
  • Underground Utilities
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 5,916 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 1614-04041-0000-00080-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,583

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1927
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 123
  • Directions: 18th Avenue to Vermont Avenue
  • I D: 5381105
  • Modified: 2025-09-02
  • Number Images: 1
  • Attribution Contact: 862-701-3030
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 15
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Aluminum Siding, Stone
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 40X140
  • Assessed Improvement Value: 178600
  • Assessed Land Value: 20800
  • Assessment: 199400
  • Easement: Unknown
  • Lot Identifier: 80
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.13

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7583
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-04041-0000-00080-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $7,434 $199,400 $20,800 $178,600
2024 $7,434 $199,400 $20,800 $178,600
2022 $7,450 $199,400 $20,800 $178,600
2021 $7,446 $199,400 $20,800 $178,600
2020 $7,577 $199,400 $20,800 $178,600
2019 $7,499 $199,400 $20,800 $178,600
2018 $7,364 $199,400 $20,800 $178,600
2017 $7,099 $199,400 $20,800 $178,600
2016 $6,859 $199,400 $20,800 $178,600
2015 $6,598 $199,400 $20,800 $178,600
2014 $6,183 $199,400 $20,800 $178,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2025 08/30/25 For Sale $529,000 -- $89 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $170,000 --
Deed $170,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $145,195 FHA
Closed $98,705 Unknown
Source: Public Records

Similar Homes in the area

  • 644 15th Ave, Newark, NJ 07103

    $529,000

    • 6 Beds
    • 3 Baths
    • 644 15th Ave
    • Newark, NJ

    Opportunity knocks with this solid 3-family home perfectly situated in the heart of Newark. This property can be transformed into a high-income producing asset.Located just minutes from major highways, public transportation, downtown Newark.

    Cintia D'Urso VOX REALTY

    Section Image
  • 666 S 15th St, Newark, NJ 07103

    $599,000

    • 5 Beds
    • 2 Baths
    • 666 S 15th St
    • Newark, NJ

    Welcome to 666 S 15th Street, a beautifully renovated newer construction two-family home located in a convenient section of Newark. The first unit offers 2 bedrooms and 1 bathroom, while the second unit features 3 bedrooms and 1 bathroom?providing a versatile layout ideal for rental income or personal use. Both units have been thoughtfully updated and offer functional, modern living spaces ready

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 1371 Clinton Ave Unit 1373, Irvington, NJ 07111

    $649,000

    • 6 Beds
    • 3 Baths
    • 1371 Clinton Ave
    • Unit 1373
    • Irvington, NJ

    Spacious and conveniently located with an oversized backyard, this income generating home is a must see. The first unit comprises a two bedroom apartment and full finished basement with a bonus room. The upstairs unit spans the second and third floors and offers four beds and two baths. While the property is in need of some general repairs and is being sold as is, much has been done to update it.

    Michael Dunn EXP REALTY, LLC

    Section Image
  • 397-399 18th Ave, Newark, NJ 07108

    $649,000

    • 6 Beds
    • 3 Baths
    • 2,268 Sq Ft
    • 397-399 18th Ave
    • Newark, NJ

    Located at 397 18th Ave in Newark, this spacious two-story renovated multi-family home offers a unique opportunity for investors and homeowners seeking a versatile living space. The property features a well-maintained layout with six generously sized bedrooms and three full bathrooms, providing ample room for residents or potential rental income. The first floor includes an inviting living area

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 141 Fabyan Place, Newark, NJ 07112

    $619,000

    • 5 Beds
    • 3 Baths
    • 2,246 Sq Ft
    • 141 Fabyan Place
    • Newark, NJ

    Welcome to 141 Fabyan Place, a beautifully renovated two-family home offering a strong investment opportunity in a convenient Newark location. This updated property features a total of 5 bedrooms and 3 full bathrooms across two spacious units. The first unit includes 2 bedrooms and 1 bathroom, while the second offers 3 bedrooms and 2 bathrooms, each with eat-in kitchens, open living/dining areas,

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 348 Sussex Ave, Newark, NJ 07107

    $525,000

    • 6 Beds
    • 3.5 Baths
    • 348 Sussex Ave
    • Newark, NJ

    Welcome to 348 Sussex Avenue, a solid brick multi-family property located in the heart of Newark. This under/over style home offers a total of 6 bedrooms and 3.5 bathrooms across two levels. Unit 1 features 3 bedrooms and 2 full baths, with two of the bedrooms located on the basement level. Unit 2 offers 3 bedrooms and 1.5 baths. Both units include spacious living/dining areas and fully equipped

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 23 Edwin Place, Newark, NJ 07112

    $649,900

    • 7 Beds
    • 4.5 Baths
    • 23 Edwin Place
    • Newark, NJ

    BACK ON THE MARET! Excellent opportunity to own a spacious and versatile 2-family home in the heart of Newark! This property is in great condition and features two separate units, perfect for rental income. As a bonus, there's an additional recreational room ideal for a home office, playroom, gym, or additional bedroom. Located just minutes from major transportation options, this home offers both

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 149 Dewey St Unit 151, Newark, NJ 07112

    $599,000

    • 6 Beds
    • 2 Baths
    • 149 Dewey St
    • Unit 151
    • Newark, NJ

    Don't miss this incredible opportunity to own a spacious and renovated 2-family home in the desirable Weequahic section of Newark! Whether you're looking to generate rental income or live in 1 unit and rent out the other, this property offers versatility and value. Each unit offers a spacious layout, with bright living spaces, ample bedrooms, and full bathrooms. The property also includes a full

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 77 Aldine St, Newark, NJ 07112

    $589,000

    • 5 Beds
    • 2 Baths
    • 77 Aldine St
    • Newark, NJ

    Welcome to 77 Aldine St, a versatile multi-unit property in Newark offering comfort and potential income. This well-maintained home consists of two units, each with its own unique appeal. Unit 1 features 2 bedrooms and 1 bathroom, ideal for a cozy living space, with a spacious and inviting living area. The kitchen has modern appliances and plenty of storage space, making meal preparation a

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image

Source: Garden State MLS

MLS Number: 3983946

Garden State MLS

APN: 14-04041-0000-00080