Great investment property / Mother Daughter separation (4brs / 2baths in total). Fully brick property situated in the upper Ivy Hill section of Newark, offering over 3,462 sq. ft. of living space. Unit 1 = 1br x1bth and Unit 2 = 3brs x 1bth. Property is vacant. Potential rent roll Unit 1= $1,700 per Mth / Unit 2 = $2,500 per Mth (Potential annual rent $50,400 and taxes are $5,758). Unit 2 features formal Liv/D rooms with h/wood floors and double-hung sash windows with an abundance of natural light. The chef's kitchen features granite countertops, oak cabinets and a full appliance package including a gas range with hood, dishwasher, and refrigerator. The S/S double sink comes with a high-arc integrated faucet, while the center island with built-in cabinets anchors the kitchen. All 3 brs are oversized, offering spacious layouts and exceptional closet space. Bathroom is updated, with the main bath featuring a granite double vanity, rich wood cabinetry, and a soaking tub/shower with full-height designer tile and accent band. Unit 1 comes with huge living / dining combo, oversized bedroom, kitchen with huge pantry and updated bathroom. Additional features: Central A/C & heat, attached garage, parking for 3 cars, Laundry/r, and paved rear patio with direct access from in-law suite. Proximity to NYC transit, major highways, 15 min to NWK Airport,
Barbeque, Metal Fence, Partially Fenced, Patio, Sidewalk
Lot Features
Level Lot
Garage spaces
1
CITY
Newark City
COUNTY
Essex
STATE
NJ
TAX AMOUNT
5758.0
LATEST UPDATE
2026-05-20T06:56:49.636Z
PRICE CHANGE(S)
$550,000 May 18, 2026
Property Details
Property TypeMulti Family
StatusActive
Bedrooms4
Bathrooms (Full)2
MLS #4028327
Heating1 Unit, Forced Hot Air
Cooling1 Unit, Central Air
Utility FeaturesElectric
SEWERPublic Sewer
WATER SOURCEPublic Water
Year Built1969
ARCHITECTURAL STYLE2 Story
RoofAsphalt Shingle
EXTERIOR FEATURESBarbeque, Metal Fence, Partially Fenced, Patio, Sidewalk
Lot FeaturesLevel Lot
Garage spaces1
CITYNewark City
COUNTYEssex
STATENJ
TAX AMOUNT5758.0
LATEST UPDATE2026-05-20T06:56:49.636Z
PRICE CHANGE(S)
$550,000 May 18, 2026
Market Trends
New Properties On Market
51
96%
Increase In New Listings
Average Asking Price
$377,767
$112,593 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$72
$169 Decrease In List Price/Sq. Ft.
Average Days On Market
8
6 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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