$749,999

56 Vanderpool St Newark, NJ 07114

South Broad Valley Neighborhood

Estimated payment $4,755/month

11 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Excellent opportunity to own a well-located 3-family property just minutes from Downtown Newark. The building features three spacious apartments, each offering 3 bedrooms with strong layouts and solid tenant appeal. Currently generating approximately $7,000/month in rental income, this property provides immediate cash flow with significant upside potential through rent optimization or light value-add improvements. Ideal for investors seeking stable passive income in a high-demand rental market with close proximity to transportation, employment hubs, and city amenities.

Listing Agent

Victor Ramos Faist

KELLER WILLIAMS PARK VIEWS Brokerage Phone: (973) 704-3634 Listed on: 01/29/2026

KELLER WILLIAMS PARK VIEWS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,336

Year Built

  • Built in 1950

Home Design

  • Stone Siding
  • Vinyl Siding

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Standard Electricity

Additional Features

  • Basement Fills Entire Space Under The House
  • 2,614 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 1614-02791-0000-00030-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,336

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1950
  • Year Built Description: Approximate
  • County Name: Essex
  • Directions: Frelinghuysen Ave to Vanderpool
  • I D: 5408241
  • Attribution Contact: (973) 704-3634
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Description: Stone, Vinyl Siding
  • Roof Description: Asphalt Shingle

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Electric
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 24.6X100
  • 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: 10336
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-02791-0000-00030-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
2025 $10,133 $271,800 $45,100 $226,700
2024 $10,133 $271,800 $45,100 $226,700
2022 $10,154 $271,800 $45,100 $226,700
2021 $10,149 $271,800 $45,100 $226,700
2020 $10,328 $271,800 $45,100 $226,700
2019 $9,004 $239,400 $45,100 $194,300
2018 $8,841 $239,400 $45,100 $194,300
2017 $8,523 $239,400 $45,100 $194,300
2016 $8,235 $239,400 $45,100 $194,300
2015 $7,922 $239,400 $45,100 $194,300
2014 $7,424 $239,400 $45,100 $194,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2026 01/29/26 For Sale $749,999 +122.2% --
04/09/2019 04/09/19 Sold $337,500 -15.6% -- View Prior Sale
02/19/2019 02/19/19 Pending -- -- --
11/12/2018 11/12/18 For Sale $400,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Deed $337,500 Chicago Title
Deed $270,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $243,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Garden State MLS

MLS Number: 4007330

Garden State MLS

APN: 14-02791-0000-00030

New Jersey Essex County Newark 07114 South Broad Valley

56 Vanderpool St, Newark, NJ

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Victor Ramos Faist
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KELLER WILLIAMS PARK VIEWS
(201) 720-4924