Estimated payment $3,872/month
Welcome to Upper Vailsburg where you'll find a fantastic investment opportunity in a thriving Newark neighborhood! This spacious 3-family home was updated in 2012 and is move-in ready, making it ideal for both investors and owner-occupants looking to generate rental income. On the first level, you'll find a bright unit featuring 3 bedrooms, 1 bathroom, and an open living/dining area, perfect for comfortable living. The second level mirrors this layout with 3 bedrooms, 1 bathroom, a living room, and a dining room, offering ample space and flexibility. The third level has a cozy setup with 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen, giving it a warm, homey feel. The property also includes an unfinished basement with utilities and mechanicals, providing storage or future finishing potential. A privacy fence surrounds the home, adding extra security and outdoor space for tenants to enjoy. Conveniently located near the VA Medical Center and major transportation, this property is positioned in a high-demand rental area. Whether you're expanding your portfolio or searching for a home with income-producing potential, this 3-family residence offers both immediate value and long-term upside.
Listing Agent
KELLER WILLIAMS REALTY Brokerage Phone: 908-967-1889 Listed on: 09/02/2025
| 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 | $6,244 | $167,500 | $16,800 | $150,700 |
| 2024 | $6,244 | $167,500 | $16,800 | $150,700 |
| 2022 | $6,258 | $167,500 | $16,800 | $150,700 |
| 2021 | $6,254 | $167,500 | $16,800 | $150,700 |
| 2020 | $6,365 | $167,500 | $16,800 | $150,700 |
| 2019 | $6,300 | $167,500 | $16,800 | $150,700 |
| 2018 | $6,186 | $167,500 | $16,800 | $150,700 |
| 2017 | $5,963 | $167,500 | $16,800 | $150,700 |
| 2016 | $5,762 | $167,500 | $16,800 | $150,700 |
| 2015 | $5,543 | $167,500 | $16,800 | $150,700 |
| 2014 | $5,194 | $167,500 | $16,800 | $150,700 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2025 09/06/25 | For Sale | $618,000 | +140.5% | -- |
| 11/13/2015 11/13/15 | Sold | $257,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $257,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | $80,000 | None Available | |
| Sheriffs Deed | -- | Land Title Svcs Of Nj Inc | |
| Deed | $319,000 | -- | |
| Deed | $119,780 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $225,994 | FHA | |
| Previous Owner | $255,200 | New Conventional |
$529,000
Opportunity knocks with this solid 3-family home perfectly situated in the heart of Newark. This property can be transformed into a high-income producing asset.Located just minutes from major highways, public transportation, downtown Newark.
Cintia D'Urso VOX REALTY
$679,000
Fully renovated and move-in ready, 242 Eastern Parkway is a spacious three-story brick two-family home with a bonus unit, offering the perfect blend of modern updates and investment potential in a growing neighborhood. The first unit features 3 bedrooms and 1.5 bathrooms, while the second offers 4 bedrooms and 1.5 bathrooms?each with updated finishes, generous layouts, and abundant natural light.
TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
$769,000
Nestled on a tranquil, tree-lined street, this charming home is just steps away from South Seventeenth Street Elementary School, making it an ideal choice for those seeking convenience and community. Both the 1st & 2nd floor offer an inviting open layout of the living/dining room which seamlessly blends comfort with functionality, perfect for entertaining or gatherings. With three generously
David Vanegas EMPIRE REAL ESTATE
$649,000
Spacious and conveniently located with an oversized backyard, this income generating home is a must see. The first unit comprises a two bedroom apartment and full finished basement with a bonus room. The upstairs unit spans the second and third floors and offers four beds and two baths. While the property is in need of some general repairs and is being sold as is, much has been done to update it.
Michael Dunn EXP REALTY, LLC
$525,000
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
TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
$719,000
Located at 51 Schley St in Newark, this expansive 3-story multi-family home presents an excellent investment opportunity or a spacious living arrangement. Featuring 9 bedrooms and 6 bathrooms, the property offers generous living space across three well-designed floors. Each level is thoughtfully laid out for privacy and functionality, with large living areas and an abundance of natural light. The
TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
$729,000
Modern Living Meets Rental Potential at 63 Chadwick Ave, Newark! This fully renovated legal 2-family home offers the perfect blend of style, space, and function featuring a total of 7 bedrooms and 5 bathrooms. Each unit boasts 3 spacious bedrooms and 2 full bathrooms, including a private master suite with its own bath, open-concept layouts, hardwood floors throughout, central air, and beautifully
TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
$649,900
BACK ON THE MARET! 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
Carlie Carreira EXP REALTY, LLC
$599,000
Don't miss this incredible opportunity to own a spacious and renovated 2-family home in the desirable Weequahic section of Newark! Whether you're looking to generate rental income or live in 1 unit and rent out the other, this property offers versatility and value. Each unit offers a spacious layout, with bright living spaces, ample bedrooms, and full bathrooms. The property also includes a full
TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
Source: Garden State MLS
MLS Number: 3984278
APN: 14-04204-0000-00015
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