Estimated payment $3,642/month
Welcome to 348 Sussex Avenue, a solid brick multi-family property located in the heart of Newark. This under/over style home offers a total of 6 bedrooms and 3.5 bathrooms across two levels. Unit 1 features 3 bedrooms and 2 full baths, with two of the bedrooms located on the basement level. Unit 2 offers 3 bedrooms and 1.5 baths. Both units include spacious living/dining areas and fully equipped kitchens. The property is equipped with separate utilities and baseboard heating. Ideal for investors or owner-occupants seeking rental income, 348 Sussex Avenue is conveniently located near public transportation, shopping, and major highways. With strong income potential and a central location, this is a great opportunity to own a well-maintained property in a growing neighborhood.
Listing Agent
KELLER WILLIAMS MID-TOWN DIRECT Brokerage Phone: 347-470-6144 Listed on: 07/24/2025
| 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 | $3,978 | $106,700 | $18,600 | $88,100 |
| 2024 | $3,978 | $106,700 | $18,600 | $88,100 |
| 2022 | $3,986 | $106,700 | $18,600 | $88,100 |
| 2021 | $3,984 | $106,700 | $18,600 | $88,100 |
| 2020 | $4,055 | $106,700 | $18,600 | $88,100 |
| 2019 | $4,013 | $106,700 | $18,600 | $88,100 |
| 2018 | $3,940 | $106,700 | $18,600 | $88,100 |
| 2017 | $3,799 | $106,700 | $18,600 | $88,100 |
| 2016 | $3,670 | $106,700 | $18,600 | $88,100 |
| 2015 | $3,531 | $106,700 | $18,600 | $88,100 |
| 2014 | $3,309 | $106,700 | $18,600 | $88,100 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $525,000 | 0.0% | -- |
| 06/19/2023 06/19/23 | Rented | $1,800 | -2.7% | -- |
| 05/10/2023 05/10/23 | For Rent | $1,850 | 0.0% | -- |
| 12/29/2020 12/29/20 | Sold | $275,000 | -1.1% | -- |
| 09/18/2020 09/18/20 | Pending | -- | -- | -- |
| 08/25/2020 08/25/20 | Price Changed | $278,000 | -0.4% | -- |
| 07/26/2020 07/26/20 | For Sale | $279,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Multiple | |
| Deed | $130,000 | -- | |
| Deed | $68,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $121,000 | New Conventional | |
| Closed | $104,000 | No Value Available | |
| Previous Owner | $48,000 | No Value Available |
$589,000
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Source: Garden State MLS
MLS Number: 3977306
APN: 14-01875-0000-00040
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