56-58 Shaw Ave
Newark City, NJ, 07112 $ 499,999
Bedrooms8 Baths5.0 Sq 2,934 Monthly Estimate*
$ 3,323
Multi-Family Home for sale in Newark City, NJ
for $499,999 with 8 bedrooms and 5 full baths. This 2,934 square foot home was built in 1927 on a lot size of 0.1.
*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27
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Multi-Family Pending3-Three Story, Under/Over
FeaturesGeneralInterior Features Blinds Carbon Monoxide Detector Smoke Detector Tile Floors Vinyl-Linoleum Floors Wood Floors
Sewer Public Sewer
Heating Radiators - Hot Water
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Water Heater Gas
Exterior Features Curbs Metal Fence Open Porch(es) Partially Fenced Sidewalk Storm Door(s) Storm Window(s)
Architectural Style 3-Three Story Under/Over
Exclusions Personal Belongings.
Year Built 1927
Township Newark City
Tax Year 2023
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 16
Status Under Contract
Directions Wainwright St to Shaw Ave
High School WEEQUAHIC
Open Parking Spaces 4
Total Units 3
Street Name Shaw Ave
Elementary School G CARVER
Tax Annual Amount 6464
Drive Additional Parking Blacktop Driveway-Exclusive
Days on Market 22
Standard Status Under Contract
Tax Assessed Value 173400
Town # 1614
Tax Lot 8
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InteriorBasement Full Unfinished
Unit 1 Baths Total 2.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Fuel Type Oil Tank Below Ground
Full Baths 5
Half Baths 0
Total Bedrooms 8
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ExteriorLot Features Corner Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 2934
Lot Dimensions 42.11X100
Lot Size Acres 0.10
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* Excluded FeaturesList ByROBERT DEKANSKIListing Agent
Re/Max 1St AdvantageBroker
robertdekanski@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,323
- Monthly Property Taxes
- $539
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Newark, NJ
Average List Price $675,962
Percent of Sale Price 35%
About Newark, NJ 283,201 Population
4% Since 2002
$ 35,768 Median Income
34.98 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
4651203 Elementary School
289009 Middle School
Weequahic High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/25/2024 | $499,999 | | Listed Price |