222 Weequahic Ave Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $3,404/month
About This Home
Charming 3-Unit Multi Family Home with Great Income Potential! This well maintained 3-unit multi-family property is perfect for investors or owner occupants seeking additional rental income. Located in near transportation and major highways, the property features two 2-bedroom 1 bath units and a cozy but generously spacious 1 bedroom 1 bathroom unit. Two of the units are currently occupied and have been thoughtfully updated with renovated bathrooms and new flooring throughout. The second-floor unit offers excellent potential, with some TLC required to make it shine. The exciting bonus is that the second unit is vacant, providing opportunity for immediate renovations or occupancy. The first-floor unit boasts a bonus space, ideal for a home office or den, adding even mor versatility to the layout. Whether you're looking to live in one unit and rent out the others or add a great investment property to your portfolio. this multi-family home offers excellent value.
Listing Agent
UNITED REAL ESTATE Brokerage Phone: 888-501-6953 Listed on: 08/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,065
Year Built
- Built in 1927
Parking
- On-Street Parking
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Utilities
- Multiple Heating Units
- Radiator
Additional Features
- Ceiling Fan
- 3,920 Sq Ft Lot
Community Details
- Net Operating Income $999
Listing and Financial Details
- Assessor Parcel Number 1614-03713-0000-00013-0000-
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 | $5,946 | $159,500 | $20,000 | $139,500 |
| 2024 | $5,946 | $159,500 | $20,000 | $139,500 |
| 2022 | $5,959 | $159,500 | $20,000 | $139,500 |
| 2021 | $5,956 | $159,500 | $20,000 | $139,500 |
| 2020 | $6,061 | $159,500 | $20,000 | $139,500 |
| 2019 | $5,999 | $159,500 | $20,000 | $139,500 |
| 2018 | $5,890 | $159,500 | $20,000 | $139,500 |
| 2017 | $5,678 | $159,500 | $20,000 | $139,500 |
| 2016 | $5,487 | $159,500 | $20,000 | $139,500 |
| 2015 | $5,278 | $159,500 | $20,000 | $139,500 |
| 2014 | $4,946 | $159,500 | $20,000 | $139,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Pending | -- | -- | -- |
| 08/01/2025 08/01/25 | For Sale | $550,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $100,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | Purchase Money Mortgage |
Source: Garden State MLS
MLS Number: 3979022
APN: 14-03713-0000-00013
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