45 Finlay Place Newark, NJ 07106
Upper Vailsburg NeighborhoodEstimated payment $4,358/month
Total Views
6,029
7
Beds
4
Baths
2,823
Sq Ft
$239
Price per Sq Ft
About This Home
Great opportunity to own a fully occupied three-family home in the Vailsburg section of Newark. This area is on the verge of major growth with film studios moving in nearby, making it a prime investment opportunity. This property is located on a quiet residential street with an excellent rental history. The home has been well maintained and features a fully finished basement with a kitchenette and full bathroom. While the house could use some cosmetic updates, it is fully occupied with great tenants, providing immediate rental income. Don?t miss your chance to invest in this up-and-coming neighborhood. Great rental history with reliable, long-term tenants already in place. Well-Maintained and move-in ready with full finished basement featuring a kitchenette & full bath. Prime location on a quiet, residential street near major highways & transit. Some cosmetic updates can boost value & rental income.
Listing Agent
HOMESMART FIRST ADVANTAGE Brokerage Phone: 973-354-5000 Listed on: 02/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,172
Year Built
- Built in 1902
Parking
- 2 Car Detached Garage
- On-Street Parking
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Schools
- G Carver Elementary And Middle School
- Vailsburg High School
Utilities
- Multiple Heating Units
- Radiator
- Gas Water Heater
Additional Features
- Walk-Out Basement
- 2,614 Sq Ft Lot
Community Details
- 2,823 Sq Ft Building
- Net Operating Income $1,850
Listing and Financial Details
- Assessor Parcel Number 1614-04191-0000-00027-0000-
- Tax Block *
Map
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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 |
|---|---|---|---|---|
| 2024 | $7,031 | $188,600 | $21,300 | $167,300 |
| 2022 | $7,046 | $188,600 | $21,300 | $167,300 |
| 2021 | $7,042 | $188,600 | $21,300 | $167,300 |
| 2020 | $7,167 | $188,600 | $21,300 | $167,300 |
| 2019 | $7,093 | $188,600 | $21,300 | $167,300 |
| 2018 | $6,965 | $188,600 | $21,300 | $167,300 |
| 2017 | $6,714 | $188,600 | $21,300 | $167,300 |
| 2016 | $6,488 | $188,600 | $21,300 | $167,300 |
| 2015 | $6,241 | $188,600 | $21,300 | $167,300 |
| 2014 | $5,848 | $188,600 | $21,300 | $167,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Off Market | $675,000 | -- | -- |
| 02/17/2025 02/17/25 | For Sale | $675,000 | -- | $239 / Sq Ft |
Source: Garden State MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Netco Title | |
| Deed | $270,000 | New Jersey Title Ins Co | |
| Sheriffs Deed | -- | None Available | |
| Deed | $425,000 | -- | |
| Deed | $183,000 | -- | |
| Deed | $157,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $212,072 | FHA | |
| Closed | $216,429 | FHA | |
| Closed | $216,429 | FHA | |
| Closed | $254,665 | FHA | |
| Previous Owner | $260,988 | FHA | |
| Previous Owner | $348,000 | No Value Available | |
| Previous Owner | $306,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
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Source: Garden State MLS
MLS Number: 3946687
APN: 14-04191-0000-00027
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