Active

Price cut: $100K (7/16)

$500,000

108 Peabody Pl, Newark City, NJ 07104

6beds

--sqft

$3,394/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Short Sale Opportunity! Great opportunity for investors, contractors, or buyers looking to build equity. This property offers tremendous potential with the right vision and renovations. Whether you're looking for your next fix-and-flip project, rental investment, or future primary residence, this home presents an excellent value. Conveniently located near major highways, public transportation, schools, shopping, restaurants, and parks, the property offers easy access to everything Newark has to offer. This is a short sale and is being sold strictly as-is. Buyer is responsible for obtaining any required municipal certificates, inspections, and lender-required approvals. Sale is subject to third-party (lender) approval. Buyer should expect additional time for short sale processing. Don't miss this opportunity to purchase a property with outstanding upside in a convenient Newark location! Schedule your showing today.

96 days
480
13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

2 Units, Forced Air, Electric, Natural Gas

Cooling

Central Air

Features

Bedrooms, Eat-in Kitchen, Kitchen, Living/Dining Room, Eat-In Kitchen
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street

Features

Levels: Two
Stories: 2

Lot

Size: 1,742 Square Feet
Dimensions: 18.7 x 100

Details

Parcel number: 1614006770000000120000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Asphalt Shingle,Flat

Condition

Year built: 1900

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $320,200
Annual tax amount: $12,804
Date on market: 5/27/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/16/2026	Price change	$500,000-16.7%
Source: NJMLS #26019638 Report a problem
6/29/2026	Price change	$600,000-22.7%
Source: NJMLS #26019638 Report a problem
6/10/2026	Price change	$775,888-3%
Source: NJMLS #26019638 Report a problem
5/27/2026	Listed for sale	$800,000+171.2%
Source: GSMLS #4030428 Report a problem
4/22/2026	Listing removed	$3,150
Source: Zillow Rentals Report a problem
3/19/2026	Listed for rent	$3,150+162.5%
Source: Zillow Rentals Report a problem
2/10/2021	Sold	$295,000+15.7%
Source: GSMLS #3637352 Report a problem
3/18/2019	Listing removed	$1,200
Source: RE/MAX Solutions #3535119 Report a problem
3/1/2019	Listed for rent	$1,200
Source: RE/MAX SOLUTIONS #3535119 Report a problem
2/20/2019	Listing removed	$255,000
Source: Newark - WEICHERT, REALTORS - New Group #1847812 Report a problem
11/21/2018	Listed for sale	$255,000+20.3%
Source: Newark - WEICHERT, REALTORS - New Group #1847812 Report a problem
1/12/2018	Sold	$212,000+182.7%
Source: Public Record Report a problem
4/5/2017	Listing removed	$75,000
Source: Owner Report a problem
3/14/2017	Price change	$75,000+7.1%
Source: Owner Report a problem
2/20/2017	Price change	$70,000-6.7%
Source: Owner Report a problem
1/18/2017	Price change	$75,000-6.3%
Source: Owner Report a problem
1/11/2017	Price change	$80,000-11.1%
Source: Owner Report a problem
12/22/2016	Listed for sale	$90,000+42.9%
Source: Owner Report a problem
6/23/2009	Sold	$63,000-58%
Source: Agent Provided Report a problem
9/26/2008	Listing removed	$150,000
Source: Coldwell Banker** #2821001 Report a problem
6/28/2008	Listed for sale	$150,000-50.8%
Source: Coldwell Banker** #2821001 Report a problem
11/30/2007	Sold	$305,000+48.1%
Source: Public Record Report a problem
9/15/2005	Sold	$206,000+28%
Source: Public Record Report a problem
1/6/2004	Sold	$161,000+101.3%
Source: Public Record Report a problem
10/27/2003	Sold	$80,000+60%
Source: Public Record Report a problem
12/16/2002	Sold	$50,000+4900%
Source: Public Record Report a problem
11/24/1993	Sold	$1,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,539 +5.2%	$138,500
2024	$5,267 +0.1%	$138,500
2023	$5,263	$138,500
2022	$5,263	$138,500
2021	$5,263 +1%	$138,500
2020	$5,209 +178.7%	$138,500
2019	$1,869	$138,500 +38.5%
2018	$1,869 -45.7%	$100,000
2017	$3,440 +4%	$100,000
2016	$3,309 +6.7%	$100,000
2015	$3,101 +5%	$100,000
2014	$2,953 -29.1%	$100,000 -20.1%
2012	$4,163 +4.7%	$125,100
2011	$3,978 +16.1%	$125,100
2010	$3,426 +5.4%	$125,100
2009	$3,251 +4.4%	$125,100
2008	$3,115	$125,100
2007	$3,115	$125,100
2006	--	$125,100
2005	--	$125,100
2004	$2,702	$125,100
2003	--	$125,100 +4533.3%
2002	--	$2,700
2001	--	$2,700