$550,000
PENDING

Estimated payment $3,543/month

Total Views 8,796
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

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 ujnit 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. *******Highest and Best Due Wednesday 1/29/25 at 6pm*******

Listing Agent

Randy Williams, Jr.

UNITED REAL ESTATE Brokerage Phone: 888-501-6953 Listed on: 01/20/2025

UNITED REAL ESTATE

Co-Listing Agent

Tamia Oliver offer 475 Nye Ave

UNITED REAL ESTATE Brokerage Phone: 888-501-6953

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-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,065

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Unit Style: 1-One Story
  • Year Built: 1927
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 222
  • Directions: From Lyons Ave turn onto Clinton Pl. Left onto Weequahic Ave
  • I D: 5333715
  • Modified: 2025-02-11
  • Number Images: 29
  • Attribution Contact: 888-501-6953
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 11
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3

Exterior Features

  • Exterior Description: Aluminum Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: On-Street Parking

Utilities

  • Cooling: Ceiling Fan
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Radiators - Hot Water
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 40X100.1
  • Assessed Improvement Value: 139500
  • Assessed Land Value: 20000
  • Assessment: 159500
  • Easement: Unknown
  • Lot Identifier: 13
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.09

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6065
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-03713-0000-00013-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 3

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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Pending -- -- --
01/20/2025 01/20/25 For Sale $550,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $100,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $86,000 New Conventional
Closed $105,000 Unknown
Closed $75,000 Purchase Money Mortgage
Source: Public Records

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Source: Garden State MLS

MLS Number: 3942221

Garden State MLS

APN: 14-03713-0000-00013