194-196 Smith St Newark, NJ 07106
Lower Vailsburg NeighborhoodEstimated payment $4,113/month
About This Home
Welcome to this spacious, recently renovated multi-family home located in the Lower Vailsburg area of Newark, situated on a 50x100 lot. This property presents an excellent opportunity for investors looking for a profitable investment, or for anyone who wishes to live in one unit while renting out the others for additional income.Unit 1 features 3 bedrooms and is available for rent at $2,150; it can potentially be delivered vacant. Unit 2 also has 3 bedrooms, is currently vacant, and was previously rented for $2,150. Unit 3 includes 2 bedrooms and is rented for $1,850, but will soon be vacant.THE PROPERTY BOASTS A NICE EXCLUSIVE DRIVEWAY.
Listing Agent
MENACHEM SILBERMAN
KELLER WILLIAMS MID-TOWN DIRECT Brokerage Phone: 848-354-3563 Listed on: 02/25/2026
Open House Schedule
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Sunday, March 01, 202612:30 to 2:30 pm3/1/2026 12:30:00 PM +00:003/1/2026 2:30:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,146
Year Built
- Built in 1912 | Remodeled
Lot Details
- 4,792 Sq Ft Lot
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Parking Spaces
- Private Driveway
Utilities
- Cooling System Mounted In Outer Wall Opening
- Multiple Heating Units
Additional Features
- Unfinished Basement
Community Details
- 2,532 Sq Ft Building
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 1614-04115-0000-00019-0000-
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2026 02/25/26 | For Sale | $699,000 | -- | $276 / Sq Ft |
Source: Garden State MLS
MLS Number: 4011388
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Ask me questions while you tour the home.