53 Rose Terrace Newark, NJ 07108
West Side NeighborhoodEstimated payment $3,964/month
About This Home
Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!
Listing Agent
BRUNO NUNES
REDFIN CORPORATION Brokerage Phone: 609-216-7035 Listed on: 09/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,582
Year Built
- Built in 1930 | Remodeled
Lot Details
- 3,485 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Aluminum Siding
- Vinyl Siding
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Underground Utilities
- Standard Electricity
- Gas Water Heater
Additional Features
- Partially Finished Basement
Listing and Financial Details
- Assessor Parcel Number 1614-02624-0000-00026-0000-
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 | $6,453 | $173,100 | $26,700 | $146,400 |
| 2024 | $6,453 | $173,100 | $26,700 | $146,400 |
| 2022 | $6,467 | $173,100 | $26,700 | $146,400 |
| 2021 | $6,464 | $173,100 | $26,700 | $146,400 |
| 2020 | $6,578 | $173,100 | $26,700 | $146,400 |
| 2019 | $6,510 | $173,100 | $26,700 | $146,400 |
| 2018 | $6,393 | $173,100 | $26,700 | $146,400 |
| 2017 | $6,162 | $173,100 | $26,700 | $146,400 |
| 2016 | $5,955 | $173,100 | $26,700 | $146,400 |
| 2015 | $5,728 | $173,100 | $26,700 | $146,400 |
| 2014 | $5,368 | $173,100 | $26,700 | $146,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2025 12/04/25 | For Sale | $649,900 | 0.0% | -- | |
| 11/08/2025 11/08/25 | Pending | -- | -- | -- | |
| 09/24/2025 09/24/25 | For Sale | $649,900 | +6.5% | -- | |
| 09/09/2024 09/09/24 | Sold | $610,000 | -1.6% | -- | View Prior Sale |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- | |
| 06/17/2024 06/17/24 | Price Changed | $620,000 | -3.1% | -- | |
| 05/22/2024 05/22/24 | Price Changed | $640,000 | +6.7% | -- | |
| 05/18/2024 05/18/24 | For Sale | $599,900 | 0.0% | -- | |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- | |
| 03/11/2024 03/11/24 | For Sale | $599,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $620,000 | Safe Land Title | |
| Deed | -- | None Listed On Document | |
| Deed | -- | -- | |
| Deed | $319,725 | New Title Company Name | |
| Deed | $305,300 | -- | |
| Deed | $105,100 | -- | |
| Deed | $130,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $589,000 | New Conventional | |
| Previous Owner | $244,200 | New Conventional | |
| Previous Owner | $104,000 | No Value Available |
Source: Garden State MLS
MLS Number: 3988801
APN: 14-02624-0000-00026
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
- 59 Rose Terrace
- 46 Rose Terrace
- 2 Baldwin Ave
- 122 Rose Terrace
- 63 Chadwick Ave
- 742 S 10th St Unit 744
- 575 Bergen St
- 742-744 S 10th St
- 25 Kipp St
- 581 Bergen St
- 82-84 Winans Ave
- 55 Seymour Ave Unit 57
- 29 Kent St
- 27 Winans Ave
- 754-756 S 11th St
- 27.5 Winans Ave
- 754 St Unit 4
- 725 S 11th St
- 719 S 11th St
- 723 S 11th St
- 67 Rose Terrace
- 14-16-16 Treacy Ave
- 14 Treacy Ave Unit 16
- 287 Avon Ave Unit 3
- 26-28 Treacy Ave Unit 3
- 26-28 Treacy Ave Unit 1
- 93 Rose Terrace Unit 3
- 93 Rose Terrace
- 8 Farley Ave Unit 3
- 232 Avon Ave Unit 1
- 14-16 Baldwin Ave
- 16 Baldwin Ave Unit 3
- 237 Rose St Unit 1
- 45 Seymour Ave
- 45 Seymour Ave Unit 1
- 50 Seymour Ave Unit 3 fl
- 347 Avon Ave
- 347 Avon Ave
- 28 Kent St Unit 2
- 33 Kent St