$899,900

Estimated payment $6,050/month

Total Views 774,793
8 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Massive 3-Family Home on Oversized Lot " Prime Newark Location Near UMDNJ! Welcome to this exceptional investment opportunity just steps from UMDNJ in Newark! This massive 3-family property offers an unbeatable location, impressive square footage, and endless potential for both owner-occupants and savvy investors.Situated on an extra-large lot, this home boasts spacious units with high ceilings, generous layouts, and tons of natural light. Each unit offers distinct charm and flexibility ideal for lucrative rental income. The expansive lot provides rare outdoor space in the city, perfect for parking, gardening, and more. Located in a growing neighborhood just around the corner from University Hospital and Rutgers Biomedical and Health Sciences, this property is a prime choice for those seeking proximity to major institutions, transportation, and downtown Newark amenities. Key Features: Three spacious residential units. Massive interior square footage. Oversized lot Prime location steps from UMDNJ, Rutgers, and University Hospital. Close to NJ Transit, highways, and downtown Newark. Don't miss out on this rare opportunity to own a standout multi-family property in one of Newark's most desirable areas!

Listing Agent

Carlie Carreira

EXP REALTY, LLC Brokerage Phone: 973-583-0149 Listed on: 05/13/2025

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,842

Year Built

  • Built in 2015

Lot Details

  • 3,750 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Assessor Parcel Number 1614-00243-0000-00011-0005-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,842

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 2015
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 281
  • Directions: Please use google maps.
  • I D: 5357763
  • Modified: 2025-06-25
  • Number Images: 17
  • Attribution Contact: 973-583-0149
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 14
  • Bedrooms: 8
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5

Exterior Features

  • Exterior Description: Brick
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 3750 SF
  • Assessed Improvement Value: 309900
  • Assessed Land Value: 27800
  • Assessment: 337700
  • Easement: Unknown
  • Lot Identifier: 11.05
  • 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: 12842
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-00243-0000-00011-0005-
  • 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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Average Value
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Sold Price
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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
2024 $12,589 $337,700 $27,800 $309,900
2022 $12,610 $337,700 $27,800 $309,900
2021 $12,610 $337,700 $27,800 $309,900
2020 $12,833 $27,800 $0 $0
2019 $1,046 $337,700 $27,800 $309,900
2018 $984 $337,700 $27,800 $309,900
2017 $975 $337,700 $27,800 $309,900
2016 $956 $337,700 $27,800 $309,900
2015 $920 $27,800 $27,800 $0
2014 $862 $27,800 $27,800 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 For Sale $899,900 +127.8% --
02/17/2015 02/17/15 Sold $395,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $395,000 --
Bargain Sale Deed $40,000 None Available
Bargain Sale Deed -- Acres Land Title Agcy Inc
Source: Public Records

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Source: Garden State MLS

MLS Number: 3962709

Garden State MLS

APN: 14-00243-0000-00011-05