Estimated payment $3,685/month
Located near Newark University Hospital, NJIT, Rutgers University and the business district, this is the ultimate multi family property in town. Each unit is equipped with its laundry hookup and the second floor boasts five bedrooms and two full bathrooms. the first unit is currently rented for $2400 and second unit is on month to month lease because they looking to relocate. Do not miss your opportunity to grab this unique turnkey multi family property.
Listing Agent
JD FRANCES REALTY & G.R. Brokerage Phone: 862-201-9086 Listed on: 05/23/2025
Co-Listing Agent
ALICIA STARKS
JD FRANCES REALTY & G.R. Brokerage Phone: 862-201-9086
| 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 | $5,297 | $142,100 | $26,300 | $115,800 |
| 2024 | $5,297 | $142,100 | $26,300 | $115,800 |
| 2022 | $5,309 | $142,100 | $26,300 | $115,800 |
| 2021 | $5,306 | $142,100 | $26,300 | $115,800 |
| 2020 | $5,400 | $142,100 | $26,300 | $115,800 |
| 2019 | $5,344 | $142,100 | $26,300 | $115,800 |
| 2018 | $5,248 | $142,100 | $26,300 | $115,800 |
| 2017 | $5,059 | $142,100 | $26,300 | $115,800 |
| 2016 | $4,888 | $142,100 | $26,300 | $115,800 |
| 2015 | $4,702 | $142,100 | $26,300 | $115,800 |
| 2014 | $4,407 | $142,100 | $26,300 | $115,800 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $595,000 | 0.0% | $163 / Sq Ft |
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 05/23/2025 05/23/25 | For Sale | $595,000 | +221.6% | $163 / Sq Ft |
| 06/21/2017 06/21/17 | Sold | $185,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $185,000 | Manmouth Title Agency Inc | |
| Deed | $125,000 | Madison Title Agency | |
| Sheriffs Deed | -- | Land Title Svcs Of Nj Inc | |
| Deed | $290,000 | -- | |
| Deed | $225,000 | -- | |
| Deed | $154,000 | -- | |
| Deed | $143,000 | -- | |
| Deed | $135,000 | -- | |
| Deed | $131,000 | -- | |
| Deed | $35,000 | -- | |
| Deed | $100,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $138,750 | New Conventional | |
| Previous Owner | $200,000 | Purchase Money Mortgage | |
| Previous Owner | $261,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $198,000 | No Value Available | |
| Previous Owner | $128,250 | No Value Available | |
| Previous Owner | $117,900 | No Value Available | |
| Previous Owner | $70,000 | No Value Available |
$525,000
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
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TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
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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
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Source: Garden State MLS
MLS Number: 3964954
APN: 14-00258-0000-00036
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