553 S Orange Ave Newark, NJ 07103
Fairmount NeighborhoodEstimated payment $3,832/month
About This Home
EXCEPTIONAL 2-FAMILY HOME IN NEWARK! This beautifully upgraded multi-family residence is ideal for both investors and owner-occupants seeking a move-in-ready, income-generating property in a vibrant and accessible Newark neighborhood. Unit 1 spans two levels, occupying the first floor and finished basement. The main level offers two well-sized bedrooms one featuring charming bay windows and a fully renovated bathroom. The modern kitchen boasts quartz countertops, updated appliances, a spacious dining area, and direct access to the backyard. The lower level includes two additional bedroom areas, a second full bathroom, and another access point to the backyard. Unit 2 has its own entrance leading to the second floor. This unit includes a bedroom area with bay windows, plus two more generously sized bedrooms. A nicely renovated full bathroom and an updated kitchen with dining area and backyard access complete the layout. Additional highlights include elegant moldings, updated flooring, modern plumbing, and thoughtful design touches throughout. Both units feature front and rear entrances, enhancing convenience and privacy. Located just steps from public transportation and within blocks of parks, schools, shops, and restaurants. Whether you're looking to live in one unit and rent the other, or add a high-quality property to your investment portfolio, this is an opportunity not to be missed. SCHEDULE YOUR PRIVATE TOUR TODAY!
Listing Agent
NATIONWIDE HOMES REALTY LLC Brokerage Phone: 201-500-8354 Listed on: 08/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,921
Year Renovated
- 2022
Lot Details
- 2,614 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Vinyl Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Multiple Heating Units
- Standard Electricity
Listing and Financial Details
- Assessor Parcel Number 1614-01789-0000-00029-0000-
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 | $4,824 | $129,400 | $44,400 | $85,000 |
| 2024 | $4,824 | $129,400 | $44,400 | $85,000 |
| 2022 | $4,834 | $129,400 | $44,400 | $85,000 |
| 2021 | $4,832 | $129,400 | $44,400 | $85,000 |
| 2020 | $4,917 | $129,400 | $44,400 | $85,000 |
| 2019 | $4,867 | $129,400 | $44,400 | $85,000 |
| 2018 | $4,779 | $129,400 | $44,400 | $85,000 |
| 2017 | $4,607 | $129,400 | $44,400 | $85,000 |
| 2016 | $4,451 | $129,400 | $44,400 | $85,000 |
| 2015 | $4,282 | $129,400 | $44,400 | $85,000 |
| 2014 | $4,013 | $129,400 | $44,400 | $85,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | For Sale | $648,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | None Listed On Document | |
| Deed | $445,000 | Stewart Title | |
| Deed | $215,000 | Friscia Lawrence | |
| Deed | -- | -- | |
| Deed | $49,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $356,250 | New Conventional | |
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $297,000 | Construction | |
| Previous Owner | $39,200 | No Value Available |
Source: Garden State MLS
MLS Number: 3979618
APN: 14-01789-0000-00029
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