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Kellene Addison

addisonrealtor@gmail.com +1(862) 251-4915

$ 599,000

Est. payment | -/mo

5 Beds

3 Baths

3,049 Sqft Lot

Save

$ 599,000

Est. payment | -/mo

Save

5 Beds

3 Baths

3,049 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4036260

Style 2-Two Story

Bedrooms 5

Full Baths 3

Year Built 1968

Annual Tax Amount $5,606

Tax Year 2025

Lot Size 3,049 Sqft

Property Description

Great Turnkey Home or Investment Opportunity in Newark! Partially renovated in 2023, this versatile property features very low taxes and a multi-level layout designed for modern living or high rental income potential across three distinct levels.The first floor boasts a spacious, light-filled layout with 3 comfortable bedrooms and 1 full bathroom perfect for an owner's suite or primary rental unit. The private second floor features a 1-bedroom, 1-bath apartment ideal for extra rental income. The lower level offers an excellent bonus asset: a fully equipped studio space with its own private entrance, providing endless possibilities for a home office, gym, or guest suite.Inside, enjoy updates from the 2023 renovation, including refreshed flooring, contemporary fixtures, and updated kitchens and bathrooms. The exterior features are just as impressive. Say goodbye to street parking hassles with a rare, detached 2-car garage. The outdoor space is an entertainer's dream, featuring a private patio perfect for summer barbecues and a nice backyard for recreation, gardening, or pets.Conveniently located near major highways, public transit, shopping, and dining, this property is a rare find. With its low-overhead tax advantage, this home is a must-see whether you are looking to live in one unit and rent the others or add a high-performing asset to your portfolio!

Location

State NJ

County Essex

Rooms

Basement Finished, Full, Walkout

Interior

Heating Gas-Natural

Cooling See Remarks, Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Built-In Garage

Garage Spaces 2.0

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Schools

Elementary Schools Speedway

Middle Schools Speedway

High Schools West Side

Others

Senior Community No

Listed by KELLER WILLIAMS - NJ METRO GROUP

Nearby Locations

"Elevating Real Estate Dreams with Heart and Expertise."

+1(862) 251-4915

addisonrealtor@gmail.com

111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States

236 Alexander St Newark City, NJ 07106