148 Dewey St Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $7,271/month
About This Home
BRAND NEW CONSTRUCTION! Exceptional Investment Opportunity! This stunning 3-family with a bonus accessory structure offers unparalleled income potential with 9 bedrooms, 7.5 baths on an expansive 8,000 sq ft lot. BONUS: Separate accessory structure adds incredible versatility - transform into a private studio, home gym, office suite, or guest quarters for maximum income potential! Lower Level: 2 bedrooms, 1 bath, pantry, laundry room, complete with stainless steel appliances including dishwasher, oven, range, microwave, and stackable washer/dryer. Floors 2 & 3: Each boasts 3 bedrooms, 3 full baths, pantry, laundry room, and gourmet kitchens with islands and premium finishes throughout such as designer media walls, and master bedrooms with accent walls. Perfect for owner-occupancy - live in one unit and rent the others PLUS monetize the accessory building to maximize your investment returns. The separate structure provides endless possibilities: additional rental income, private retreat space, or premium amenities that command higher rents. Prime Weequahic location near Beth Israel & convenient access to parks, quality schools, and public transportation. This turnkey property combines modern luxury with smart financial planning and an unbeatable Newark location. Don't miss this unique opportunity to own a cash-flowing asset from day one! 5 Year Tax Abatement! Schedule your private showing today. Property will be done In November!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,282
Parking
- 3 Car Garage
Home Design
- New Construction
Bedrooms and Bathrooms
- 9 Bedrooms
Additional Features
- Laundry in unit
- 8,133 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 20 / 3053.
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,712 | $44,600 | $44,600 | -- |
| 2024 | $4,712 | $138,900 | $44,600 | $94,300 |
| 2022 | $4,722 | $126,400 | $32,100 | $94,300 |
| 2021 | $4,720 | $126,400 | $32,100 | $94,300 |
| 2020 | $4,803 | $126,400 | $32,100 | $94,300 |
| 2019 | $4,754 | $126,400 | $32,100 | $94,300 |
| 2018 | $4,668 | $126,400 | $32,100 | $94,300 |
| 2017 | $4,500 | $126,400 | $32,100 | $94,300 |
| 2016 | $4,348 | $126,400 | $32,100 | $94,300 |
| 2015 | $4,183 | $126,400 | $32,100 | $94,300 |
| 2014 | $3,920 | $126,400 | $32,100 | $94,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | Pending | -- | -- | -- |
| 09/24/2025 09/24/25 | Price Changed | $1,299,999 | -90.0% | -- |
| 09/23/2025 09/23/25 | For Sale | $12,999,999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $18,600 | None Listed On Document | |
| Deed | $200,000 | 1St Rate Title & Settlement Se |
Source: New Jersey MLS
MLS Number: 25033894
APN: 14-03053-02-00020
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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