179 Thomas St
Newark City, NJ 07114
Price: $799,000
GSMLS: 3963843Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 12
Baths: 4 Full & 1 Half
Garage: No
Year Built: 1890
Acres: 0.00
Property Tax: $8,305
Description
Discover An Exceptional Investment Opportunity A 4-unit Property Generating An Impressive $6,700 In Monthly Rental Income Currently As Owner Occupied. Perfect For Savvy Buyers Seeking Passive Income, Or House Hack! This Property Includes A Double Lot Next Door For Parking For 8+ Cars, A Rare Find In Newark! Conveniently Located Just 2 Blocks From Route 21, A 6-minute Drive To Newark Liberty International Airport, And 6 Minutes To Newark Penn Station, This Property Offers An Easy Commute To Nyc. Recently Updated With New Mechanicals Such As Water Heaters And A New French Drain! A Well Maintained Property With Plenty Of Potential Upside Or Add Value! Whether You're Expanding Your Portfolio Or Searching For A Multi-family Home To Occupy, This Property Is The One! Don't Miss Out Schedule Your Viewing Today!
General Info
Style:
Fourplex
SqFt Building:
4,760
Total Rooms:
20
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
Flat
Exterior:
Vinyl Siding
Lot Size:
43x82
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Driveway-Exclusive
Spaces Available:
9
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
4+ Units, Baseboard - Electric, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
S ST
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$799,000
Tax Amount:
$8,305
Land Assessment:
$38,500
Build. Assessment:
$159,300
Total Assessment:
$197,800
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3963843
List Date:
05-17-2025
Days On Market:
22
Listing Broker:
REAL
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com
