239 S 8th St Newark, NJ 07103
Fairmount NeighborhoodEstimated payment $3,895/month
About This Home
This exceptional three-family property in Newark represents a premier investment or owner-occupant opportunity. Unit 3 is vacant, and you can buy this cash flowing property with only $24,500 down payment! The building features three spacious residential units complemented by a fully finished basement that includes a full bathroom for maximum utility and flexibility. Residents will benefit from a location that places them within a short distance of University Hospital and the city's major academic institutions including NJIT and Rutgers University. The property is ideally situated for effortless commuting with swift access to Newark Penn Station for Manhattan-bound trains as well as the Garden State Parkway and Interstate 280. Local amenities are abundant with the nearby Springfield Avenue Marketplace providing comprehensive shopping options and Branch Brook Park offering sprawling green space just minutes away. This residence combines substantial living space with a strategic location at the center of Newark's educational and medical corridor to ensure long-term value and convenience. Live in one unit and have the tenants pay off the entire mortgage or rent all 3 and cash flow positive over around $2k/month
Listing Agent
KELLER WILLIAMS VILLAGE SQUARE Brokerage Phone: 201-870-1688 Listed on: 02/04/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,970
Year Built
- Built in 1877
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Additional Features
- 1,712 Sq Ft Lot
- Multiple Heating Units
- Finished Basement
Community Details
- 4,294 Sq Ft Building
- Net Operating Income $69,000
Listing and Financial Details
- Assessor Parcel Number 1614-01781-0000-00007-0000-
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 | $5,566 | $149,300 | $23,500 | $125,800 |
| 2024 | $5,566 | $149,300 | $23,500 | $125,800 |
| 2022 | $5,578 | $149,300 | $23,500 | $125,800 |
| 2021 | $5,575 | $149,300 | $23,500 | $125,800 |
| 2020 | $5,673 | $149,300 | $23,500 | $125,800 |
| 2019 | $5,615 | $149,300 | $23,500 | $125,800 |
| 2018 | $5,514 | $149,300 | $23,500 | $125,800 |
| 2017 | $5,315 | $149,300 | $23,500 | $125,800 |
| 2016 | $5,136 | $149,300 | $23,500 | $125,800 |
| 2015 | $4,940 | $149,300 | $23,500 | $125,800 |
| 2014 | $4,630 | $149,300 | $23,500 | $125,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2026 02/28/26 | Price Changed | $660,000 | -5.0% | $154 / Sq Ft | |
| 02/11/2026 02/11/26 | Price Changed | $695,000 | -0.6% | $162 / Sq Ft | |
| 02/04/2026 02/04/26 | For Sale | $699,000 | +5.1% | $163 / Sq Ft | |
| 01/15/2025 01/15/25 | Sold | $665,000 | +11.0% | -- | View Prior Sale |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- | |
| 11/04/2024 11/04/24 | For Sale | $599,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $665,000 | Foundation Title | |
| Deed | $410,000 | -- | |
| Deed | $165,000 | -- | |
| Deed | $100,000 | -- | |
| Deed | $48,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $532,000 | New Conventional | |
| Previous Owner | $328,000 | No Value Available |
Source: Garden State MLS
MLS Number: 4008183
APN: 14-01781-0000-00007
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