24 Willoughby St Unit 26 Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $5,869/month
About This Home
Beautiful 4-Family Investment Opportunity in the Weequahic section of Newark! Discover this expansive side-by-side 4-family home, offering an exceptional investment opportunity in the desirable Weequahic section of Newark. Each of the 4 main units features 3 bedrooms and 1 bathroom, a large kitchen and a family room, all tastefully renovated in 2021 with newer roof, siding, and windows. The property also boasts two bonus units on the 3rd floor, each equipped with a kitchenette and full bathroom, plus a spacious basement with 7 additional rooms and 2 bathrooms, providing excellent flexibility for various uses. The property has abundant space in each unit with large bedrooms, high ceilings, large kitchens and generous sized living rooms. With a total of 21 bedrooms and 8 bathrooms across 6,952 square feet on a 50 x 100 lot, this property offers incredible versatility perfect for use as a short-term rental operation, or as a traditional multi-family investment with added income potential. Additional highlights include a backyard, proximity to transportation, shopping, dining, and schools, and the potential for strong rental returns in a high-demand area. Don't miss this rare opportunity to own a turnkey multi-family property with endless possibilities!
Listing Agent
RE/MAX FIRST REALTY II Brokerage Phone: 908-664-1500 Listed on: 09/05/2025
Co-Listing Agent
GISELLA R. DELLOMO
RE/MAX FIRST REALTY II Brokerage Phone: 908-664-1500
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,709
Year Built
- Built in 1927 | Remodeled
Lot Details
- 4,792 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Vinyl Siding
Interior Spaces
- High Ceiling
- Finished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 21 Bedrooms
- 8 Full Bathrooms
Schools
- G Carver Elementary School
- Weequahic Middle School
- Weequahic High School
Utilities
- Central Air
- Multiple Heating Units
- Gas Water Heater
Community Details
- 6,952 Sq Ft Building
Listing and Financial Details
- Assessor Parcel Number 1614-03048-0001-00030-0000-
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 | $10,498 | $281,600 | $30,600 | $251,000 |
| 2024 | $10,498 | $281,600 | $30,600 | $251,000 |
| 2023 | $10,521 | $281,600 | $30,600 | $251,000 |
| 2022 | $10,521 | $281,600 | $30,600 | $251,000 |
| 2021 | $10,515 | $281,600 | $30,600 | $251,000 |
| 2020 | $10,701 | $281,600 | $30,600 | $251,000 |
| 2019 | $10,591 | $281,600 | $30,600 | $251,000 |
| 2018 | $10,399 | $281,600 | $30,600 | $251,000 |
| 2017 | $10,025 | $281,600 | $30,600 | $251,000 |
| 2016 | $9,687 | $281,600 | $30,600 | $251,000 |
| 2015 | $9,318 | $281,600 | $30,600 | $251,000 |
| 2014 | $8,732 | $281,600 | $30,600 | $251,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Pending | -- | -- | -- |
| 09/05/2025 09/05/25 | For Sale | $949,000 | -- | $137 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $645,000 | New Title Company Name | |
| Deed | $12,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $618,589 | FHA |
Source: Garden State MLS
MLS Number: 3985115
APN: 14-03048-01-00030
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