$799,000
PENDING

Estimated payment $5,105/month

Total Views 2,582
12 Beds
4.5 Baths
4,760 Sq Ft
$168 Price per Sq Ft

About This Home

Discover an exceptional investment opportunity a 4-unit property generating an impressive $6,700 in monthly rental income currently as owner occupied. Perfect for savvy buyers seeking passive income, or house hack! This property includes a double lot next door for parking for 8+ cars, a rare find in Newark! Conveniently located just 2 blocks from Route 21, a 6-minute drive to Newark Liberty International Airport, and 6 minutes to Newark Penn Station, this property offers an easy commute to NYC. Recently updated with new mechanicals such as water heaters and a new french drain! A well maintained property with plenty of potential upside or add value! Whether you're expanding your portfolio or searching for a multi-family home to occupy, this property is the one! Don't miss out schedule your viewing today!

Listing Agent

JOSEPH GORDILLO

REAL Brokerage Phone: 973-317-8113 Listed on: 05/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,305

Year Built

  • Built in 1890

Home Design

  • Flat Roof Shape
  • Vinyl Siding

Bedrooms and Bathrooms

  • 12 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 9 Parking Spaces
  • Private Driveway

Schools

  • S St Elementary School

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units
  • Electric Baseboard Heater
  • Standard Electricity
  • Gas Water Heater

Community Details

  • 4,760 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 1614-01186-0000-00038-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,305

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Unit Style: Fourplex
  • Year Built: 1890
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 179
  • Directions: Hermon St & Thomas St
  • I D: 5358712
  • Modified: 2025-06-09
  • Number Images: 28
  • Attribution Contact: 973-317-8113
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 20
  • Bedrooms: 12
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Flat

Garage/Parking

  • Number Parking Spaces: 9
  • Parking Driveway Description: Driveway-Exclusive

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 4+ Units, Baseboard - Electric, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: S ST

Lot Info

  • Lot Size: 43x82
  • Assessed Improvement Value: 159300
  • Assessed Land Value: 38500
  • Assessment: 197800
  • Lot Identifier: 38
  • Lot I D Tax: *

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Tax Amount: 8305
  • Assessor Parcel Number: 1614-01186-0000-00038-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 4

MLS Schools

  • Grade School: S ST

Map

Range of Values:

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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
2024 $7,374 $197,800 $38,500 $159,300
2022 $7,390 $197,800 $38,500 $159,300
2021 $7,386 $197,800 $38,500 $159,300
2020 $7,516 $197,800 $38,500 $159,300
2019 $7,439 $197,800 $38,500 $159,300
2018 $7,305 $197,800 $38,500 $159,300
2017 $7,042 $197,800 $38,500 $159,300
2016 $6,804 $197,800 $38,500 $159,300
2015 $6,545 $197,800 $38,500 $159,300
2014 $6,134 $197,800 $38,500 $159,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Pending -- -- --
05/19/2025 05/19/25 Price Changed $799,000 0.0% $168 / Sq Ft
05/19/2025 05/19/25 For Sale $799,000 -- $168 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Cosmos Title Agency Llc
Deed $285,000 Title Work Inc
Deed $214,120 --
Deed $160,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $234,000 New Conventional
Previous Owner $279,837 FHA
Previous Owner $403,500 New Conventional
Previous Owner $376,000 New Conventional
Previous Owner $48,000 Credit Line Revolving
Previous Owner $197,000 FHA
Source: Public Records

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Source: Garden State MLS

MLS Number: 3963843

Garden State MLS

APN: 14-01186-0000-00038