308 Chadwick Ave Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $3,965/month
Highlights
- Deck
- Fenced
- Storage Shed
About This Home
Opportunity knocks with this charming 3-family Colonial. Ready for investors, or anyone looking to offset their mortgage with rental income. Conveniently situated just half a mile from public bus transportation, this property combines space, convenience, and potential. Each unit offers a spacious layout: Unit 1 (Level 1): 4 bedrooms, living room, kitchen, and full bathroom Unit 2 (Level 2): 4 bedrooms, living room, kitchen, and full bathroom Unit 3 (Level 3): 3 bedrooms, living room, kitchen, and full bathroom Whether you're looking to lease all three units or live in one while generating income from the others, the setup is flexible and functional. The exterior features a welcoming front porch, fenced front and back yards, and storage sheds for added convenience. An unfinished basement offers ample storage and houses utilities. With plenty of space and rental potential, this multi-unit home is a smart move for a wide range of buyers.
Listing Agent
KELLER WILLIAMS REALTY Brokerage Phone: 908-967-1889 Listed on: 07/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,126
Year Built
- Built in 1915
Lot Details
- 4,356 Sq Ft Lot
- Fenced
Parking
- On-Street Parking
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 11 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deck
- Storage Shed
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Radiator
Additional Features
- Unfinished Basement
Community Details
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 1614-03590-0000-00014-0000-
- Tax Block *
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 | $6,006 | $161,100 | $23,600 | $137,500 |
| 2024 | $6,006 | $161,100 | $23,600 | $137,500 |
| 2022 | $6,019 | $161,100 | $23,600 | $137,500 |
| 2021 | $6,015 | $161,100 | $23,600 | $137,500 |
| 2020 | $6,122 | $161,100 | $23,600 | $137,500 |
| 2019 | $6,059 | $161,100 | $23,600 | $137,500 |
| 2018 | $5,949 | $161,100 | $23,600 | $137,500 |
| 2017 | $5,735 | $161,100 | $23,600 | $137,500 |
| 2016 | $5,542 | $161,100 | $23,600 | $137,500 |
| 2015 | $5,331 | $161,100 | $23,600 | $137,500 |
| 2014 | $4,996 | $161,100 | $23,600 | $137,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | Price Changed | $625,000 | -3.7% | -- |
| 09/05/2025 09/05/25 | Price Changed | $649,000 | -3.9% | -- |
| 07/22/2025 07/22/25 | For Sale | $675,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $365,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $261,000 | -- | |
| Deed | $218,000 | -- | |
| Deed | $65,000 | -- | |
| Deed | $27,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $346,750 | New Conventional | |
| Previous Owner | $234,900 | No Value Available | |
| Previous Owner | $174,400 | No Value Available | |
| Previous Owner | $23,000 | No Value Available |
Source: Garden State MLS
MLS Number: 3976795
APN: 14-03590-0000-00014
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