$579,999

Estimated payment $3,644/month

Total Views 547,235
6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • 0.06 Acre Lot
  • Forced Air Heating System

About This Home

Don't miss this beautifully renovated vacant 2-family home located in the vibrant heart of Newark! This versatile property is perfect for owner-occupancy or as a strong investment opportunity. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, offering a bright and comfortable layout. The second-floor duplex unit boasts 4 bedrooms and 2 full bathrooms, ideal for larger households or rental income potential. Enjoy a generously sized backyard, perfect for entertaining, relaxing, or gardening. The home has been thoughtfully updated throughout and is move-in ready! Situated in a thriving neighborhood, this proximity of this home offers easy access to mass transit, major highways (including I-280, Garden State Parkway, and Route 21), and is just minutes from Downtown Newark, NJPAC, Prudential Center, and Newark Penn Station! Whether you're looking to live in one unit and rent the other, or add a fully vacant and income-generating property to your portfolio, 59 Wakeman Ave is a must-see! Schedule your tour today!

Listing Agent

Tayllor Cooper

COOPER MCKELVEY REAL ESTATE CO. Brokerage Phone: 9734247066 Listed on: 07/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,810

Year Built

  • Built in 1905 | Remodeled

Parking

  • On-Street Parking

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 2,614 Sq Ft Lot
  • Forced Air Heating System
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 1614-00575-0000-00066-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,810

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1905
  • Year Built Description: Renovated
  • County Name: Essex
  • Renovated Year: 2018
  • Street Number Display: 59
  • Directions: Summer Ave to Wakeman Ave
  • I D: 5369507
  • Modified: 2025-08-05
  • Number Images: 25
  • Attribution Contact: 9734247066
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Total Number Rooms: 13
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

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

Garage/Parking

  • Parking Driveway Description: On-Street Parking

Utilities

  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Water: Public Water

Lot Info

  • Lot Size: 25X105
  • Assessed Improvement Value: 126200
  • Assessed Land Value: 26600
  • Assessment: 152800
  • Lot Identifier: 66
  • 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: 5810
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-00575-0000-00066-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

Map

Range of Values:

Collateral Analytics

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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 $5,696 $152,800 $26,600 $126,200
2024 $5,696 $152,800 $26,600 $126,200
2022 $5,709 $152,800 $26,600 $126,200
2021 $5,706 $152,800 $26,600 $126,200
2020 $5,806 $152,800 $26,600 $126,200
2019 $5,747 $152,800 $26,600 $126,200
2018 $5,643 $152,800 $26,600 $126,200
2017 $5,440 $152,800 $26,600 $126,200
2016 $5,256 $152,800 $26,600 $126,200
2015 $5,056 $152,800 $26,600 $126,200
2014 $4,738 $152,800 $26,600 $126,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2025 07/06/25 For Sale $579,999 +537.4% --
06/30/2016 06/30/16 Sold $91,000 -4.1% --
03/21/2016 03/21/16 Pending -- -- --
09/04/2015 09/04/15 For Sale $94,900 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Deed $91,000 None Available
Quit Claim Deed $100 --
Sheriffs Deed $100 --
Deed $245,000 --
Deed $126,100 --
Deed $133,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $171,500 New Conventional
Previous Owner $132,004 FHA
Source: Public Records

About the Listing Agent

Tayllor Cooper

COOPER MCKELVEY REAL ESTATE CO.

(201) 720-6774

Section Image

In the ever-evolving landscape of real estate, I see more than just properties and transactions; I see the key to a brighter future for my clients! My passion lies in the profound impact that real estate can have on people's lives. Real estate represents far more than just investments and assets; it's the canvas upon which we paint our stories, the stage for our life's most significant moments. It's where family and friends gather, where ideas take shape, and the seed for generational wealth is

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    • 2 Baths
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    Looking to upgrade to a MODERN rental? Look no further! This three-bedroom home is sure to meet expectations with Stainless Steel Appliances, hardwood floors and nicely sized bedrooms!! This CONVENIENT location is COMMUTERS DREAM! Offering quick, convenient access to the #21 NJ Transit bus that arrives at Newark Penn Station in 20 minutes! Need to be close to MAJOR highways? Jump on the Garden

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    Section Image

Source: Garden State MLS

MLS Number: 3973373

Garden State MLS

APN: 14-00575-0000-00066