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$ 615,000
Est. payment | /mo
8 Beds
4 Baths
19,998 SqFt
$ 615,000
Est. payment | /mo
8 Beds
4 Baths
19,998 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,998 sqft
Price per Sqft $30
MLS Listing ID 4051251
Style 1-One Story
Bedrooms 8
Full Baths 4
Year Built 1897
Annual Tax Amount $5,686
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
Spacious and income-producing two-family home located in Newark's desirable Fairmount neighborhood, offering an excellent opportunity for both owner-occupants and investors - ideal for buyers looking to offset their mortgage with rental income. This well-maintained property features two oversized units with a total of 6 bedrooms and 2 full bathrooms, plus a fully finished basement providing additional flexible living space. The first unit offers 3 bedrooms and 2 full bathrooms, including a finished lower level with bonus rooms and a separate entrance. The second unit features an expansive 3-bedroom, 2-bath layout with a finished attic, providing additional usable space. Additional highlights include hardwood, vinyl, and tile flooring throughout, laundry area and ample storage spaces, private balcony space, and separate utilities. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile multi-family property offers space, functionality, and long-term value in a prime Newark location. Eligible buyers may qualify for down payment and closing cost assistance programs, enhancing overall affordability.
Location
State NJ
County Essex
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 1-One Story
Others
Senior Community No
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Listed by COMPASS NEW JERSEY LLC
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