$675,000
PENDING

Estimated payment $4,340/month

Total Views 6,025
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

Michelle Alphe

HOMESMART FIRST ADVANTAGE Brokerage Phone: 973-354-5000

HOMESMART FIRST ADVANTAGE

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 *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,172

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1902
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 45
  • Directions: Vail to Finlay Pl
  • I D: 5339121
  • Modified: 2025-04-15
  • Number Images: 22
  • Attribution Contact: 973-354-5000
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 12
  • Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Finished, Walkout

Exterior Features

  • Exterior Description: Aluminum Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: On-Street Parking

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Gas In Street
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: G CARVER
  • Middle School: G CARVER
  • High School: VAILSBURG
  • High School: VAILSBURG
  • Middle Jr High School: G CARVER

Lot Info

  • Lot Size: 25X100
  • Assessed Improvement Value: 167300
  • Assessed Land Value: 21300
  • Assessment: 188600
  • Lot Identifier: 27
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7172
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-04191-0000-00027-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 3

MLS Schools

  • Grade School: G CARVER

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $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 $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

Similar Homes in the area

  • 403 S 6th St, Newark, NJ 07103

    $675,000

    • 7 Beds
    • 5 Baths
    • 403 S 6th St
    • Newark, NJ

    Excellent opportunity to own a spacious and versatile 2-family home in the heart of Newark! This property is in great condition and features two separate units, perfect for rental income. As a bonus, there's an additional recreational room ideal for a home office, playroom, gym, or additional bedroom. Located just minutes from major transportation options, this home offers both convenience and

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 23 Edwin Place, Newark, NJ 07112

    $649,900

    • 7 Beds
    • 4.5 Baths
    • 23 Edwin Place
    • Newark, NJ

    Excellent opportunity to own a spacious and versatile 2-family home in the heart of Newark! This property is in great condition and features two separate units, perfect for rental income. As a bonus, there's an additional recreational room ideal for a home office, playroom, gym, or additional bedroom. Located just minutes from major transportation options, this home offers both convenience and

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 241 Peshine Ave, Newark, NJ 07108

    $539,999

    • 6 Beds
    • 3 Baths
    • 1,978 Sq Ft
    • 241 Peshine Ave
    • Newark, NJ

    Introducing a vacant, move-in ready 2-family home located in the historic Clinton Hill section of Newark, NJ! Offering fully renovated apartments, in which the first is a 2-Bedroom 1-Bathroom and the second is a 4-Bedroom 2-Bath duplex. Both feature updated kitchens, with brand new stainless steel appliances, granite countertops, cabinets and hardwood floors throughout. This is a great

    Tayllor Cooper COOPER MCKELVEY REAL ESTATE CO.

    Section Image
  • 143 Tichenor St, Newark, NJ 07105

    $769,900

    • 8 Beds
    • 5.5 Baths
    • 143 Tichenor St
    • Newark, NJ

    Welcome!!! TO THIS RARE INVESTMENT OPPORTUNITY!!! Money Maker! Well-maintained three-family home conveniently located in the sought-after Ironbound section. Everything is just steps from your door. local recreational parks, close to all major public transportation to NYC or Newark International Liberty Airport. It features a ground-level apartment kitchen, living room, two bedrooms, and a full

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 392 Walnut St, Newark, NJ 07105

    $629,900

    • 6 Beds
    • 4 Baths
    • 392 Walnut St
    • Newark, NJ

    Location, Location, Location, A well-maintained, two-family home conveniently located in the sought-after Ironbound section of Newark. Everything is just steps from your door! Ferry Street Restaurants/Shopping/Nightlife, and all major public transportation with "EASY NYC COMMUTE, where a 20-minute train ride will have you in NYC! Featuring: First & Second Floor Six over Six, one full bath per

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 22 Kossuth St, Newark, NJ 07105

    $639,900

    • 5 Beds
    • 4 Baths
    • 22 Kossuth St
    • Newark, NJ

    WELCOME TO 22 Kossuth St!!! This solid brick two-family home is unique, exceptionally well-maintained, and conveniently located in the vibrant and bustling Ironbound Neighborhood. Everything just steps from your door. Local Restaurants & Wilson Avenue/ Ferry Shopping Stores / Nightlife, and all major Highways and public transportation. Offers spacious apartments consisting of a sizable

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 17 Chelsea Ave Unit 19, Newark, NJ 07106

    $699,000

    • 8 Beds
    • 3 Baths
    • 17 Chelsea Ave
    • Unit 19
    • Newark, NJ

    Welcome to 17-19 Chelsea Ave located at very desirable neighborhood of Newark! Newly renovated 3 family home beautifully redone with many upgrades and a finished basement.. Perfect for a first time homebuyer or Investor! First and second floor offering three bedrooms, one full bath, living room and upgraded kitchen. While third floor has two bedrooms, one full bath, living room and an equipped

    EYAL LEVY KELLER WILLIAMS PARK VIEWS

    Section Image
  • 34 Chelsea Ave, East Orange, NJ 07018

    $599,000

    • 5 Beds
    • 3 Baths
    • 34 Chelsea Ave
    • East Orange, NJ

    Huge 2 family house with a finished basement that is surely income producing! It has a detached 2-car garage and a big concrete exclusive driveway that can easily fit 6 cars. Apt 1 with the finished basement features a total of 3 Br 2 Ba, large Living Rm, Eat-in Kitchen, dining area, recreation room and storage. While Apt 2 has 2Br 1Ba Kitchen, Pantry, Dining, Family Rm, Sunroom. Both units have

    EYAL LEVY KELLER WILLIAMS PARK VIEWS

    Section Image
  • 32-36 Bayard Place, Newark, NJ 07106

    $709,999

    • 6 Beds
    • 4 Baths
    • 2,448 Sq Ft
    • 32-36 Bayard Place
    • Newark, NJ

    Well-Maintained Two-Family Property in Lower Vailsburg Section of Newark Featuring 3 Bedrooms and 2 Full Bathrooms on each Floor with Hardwood Floors Throughout and Eaten Kitchens Bonus Finished Basement with Additional Bathroom, Bedroom and Summer Kitchen.Second Floor is currently Tenet Occupied generating a Monthly Income of $1,850 Tenet pays Gas and Electric Owner pays Water and Sewer.

    John D'Alessandro Weichert Realtors-Freehold

    Section Image

Source: Garden State MLS

MLS Number: 3946687

Garden State MLS

APN: 14-04191-0000-00027