Open House:
Saturday, 1/4 1:00-3:00PM
Introducing a brand-new, fully rebuilt multi-family home located in the heart of Newark, NJ! This exceptional property features 8 bedrooms and 5 bathrooms, offering ample space throughout. Featuring in-unit wash/dryers in both units, hardwood floors, and two floors of living space in unit 2! Unit 1 is a 3 bed 2 bath with access to the full basement; Unit 2 is a 5 bed 3 bath duplex apartment with a rooftop terrace. Full basement. (pics are from before tenants occupied)
Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )
MASSIVE two family home with high ceilings and even higher rents- not to mention separate walkout basement with full bathroom. Large bedrooms, skylight, Bosch tankless water heaters, updated bathrooms, spiral staircase outside and so much more. The ironbound- is the place to own & live! Come turn this house into a home before someone else does!
The median home value in Newark, NJ is $420,000. This is lower than the county median home value of $498,800. The national median home value is $338,100. The average price of homes sold in Newark, NJ is $420,000. Approximately 21.1% of Newark homes are owned, compared to 69.8% rented, while 9.11% are vacant. Newark real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newark real estate agent to arrange a tour today!
Newark, New Jersey has a population of 306,247. Newark is less family-centric than the surrounding county with 22.75% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in Newark, New Jersey is $41,335. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in Newark is 34.7 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.1 inches of snow per year.