Active

$799,900

109 Palm St, Newark City, NJ 07106

7beds

3,200sqft

$5,430/mo

Get pre-qualified

Multi Family

Built in 2018

-- sqft lot

$814,300 Zestimate^®

$250/sqft

$-- HOA

What's special

Finished basementCentral airForced hot-air heatingHardwood floorsStainless-steel appliancesGranite countertops

Welcome to 109 Palm St, Newark, a spacious and modern 2-family home offering 7 bedrooms and 5 full bathrooms across two well-appointed unit with a finished basement. Built in 2018, the property features central air, forced hot-air heating, hardwood floors, stainless-steel appliances, granite countertops, balconies, and a 2-car built-in garage. The first floor will be delivered vacant, offering added flexibility for an owner-occupant or investor. A fantastic opportunity to own a newer multifamily property in a convenient Newark location.

1 day
146
13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5

Heating

2 Units, Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dryer, Washer

Features

Walk-In Closet(s), Bedrooms, Kitchen, Living/Dining Room, Master Bedroom
Flooring: Tile, Wood
Windows: Blinds, Shades
Basement: Yes,Finished
Has fireplace: No

Interior area

Total structure area: 3,200
Total interior livable area: 3,200 sqft

Property

Parking

Total spaces: 2
Parking features: 2 Car Width, Asphalt, See Remarks, Built-In Garage
Attached garage spaces: 2
Uncovered spaces: 2

Features

Levels: 3-Three Story
Stories: 3
Patio & porch: Porch
Exterior features: Barbecue

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 1614041980000000200000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Asphalt Shingle

Condition

Year built: 2018
Major remodel year: 2018

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Community

Security: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Location

Region: Newark

Financial & listing details

Price per square foot: $250/sqft
Tax assessed value: $248,900
Annual tax amount: $9,953
Date on market: 9/1/2026
Total actual rent: 19998
Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$814,300

$774,000 - $855,000

$2,342/mo

Price history

Date	Event	Price
9/1/2026	Listed for sale	$799,900+21.2%$250/sqft
Source: GSMLS #4049834 Report a problem
10/21/2023	Listing removed	--
Source: Zillow Rentals Report a problem
10/15/2023	Listed for rent	$1,700+6.3%$1/sqft
Source: Zillow Rentals Report a problem
9/19/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/15/2023	Listed for rent	$1,600$1/sqft
Source: Zillow Rentals Report a problem
7/11/2023	Listing removed	--
Source: Zillow Rentals Report a problem
7/9/2023	Listed for rent	$1,600-28.9%$1/sqft
Source: Zillow Rentals Report a problem
2/8/2023	Listing removed	--
Source: RE/MAX International Report a problem
8/8/2022	Sold	$660,000-1.5%$206/sqft
Source: GSMLS #3781235 Report a problem
5/26/2022	Listed for sale	$669,900$209/sqft
Source: RE/MAX International #22016535 Report a problem
5/25/2022	Pending sale	$669,900$209/sqft
Source: NJMLS #22016535 Report a problem
5/23/2022	Contingent	$669,900$209/sqft
Source: NJMLS #22016535 Report a problem
5/11/2022	Listed for sale	$669,900+65.8%$209/sqft
Source: NJMLS #22016535 Report a problem
3/7/2021	Listing removed	--
Source: Owner Report a problem
7/28/2018	Listing removed	$2,250$1/sqft
Source: Owner Report a problem
7/27/2018	Listed for rent	$2,250$1/sqft
Source: Owner Report a problem
6/29/2018	Sold	$404,000-1.4%$126/sqft
Source: GSMLS #3420820 Report a problem
2/8/2018	Listing removed	$409,900$128/sqft
Source: Newark - WEICHERT, REALTORS - New Group #3420820 Report a problem
9/27/2017	Listed for sale	$409,900+1313.4%$128/sqft
Source: Newark - WEICHERT, REALTORS - New Group #3420820 Report a problem
8/7/2017	Sold	$29,000-11.9%$9/sqft
Source: GSMLS #3293545 Report a problem
6/9/2017	Listed for sale	$32,900$10/sqft
Source: BHHS - NEW JERSEY PROPERTIES #3293545 Report a problem
6/9/2017	Pending sale	$32,900$10/sqft
Source: BHHS - NEW JERSEY PROPERTIES #3293545 Report a problem
3/17/2017	Price change	$32,900-8.4%$10/sqft
Source: Berkshire Hathaway HomeServices New Jersey Properties #3293545 Report a problem
3/8/2017	Price change	$35,900-10%$11/sqft
Source: Berkshire Hathaway HomeServices New Jersey Properties #3293545 Report a problem
11/15/2016	Price change	$39,900-70.4%$12/sqft
Source: Berkshire Hathaway HomeServices New Jersey Properties #3293545 Report a problem
7/12/2006	Sold	$135,000+12.5%$42/sqft
Source: Public Record Report a problem
1/11/2006	Sold	$120,000+200%$38/sqft
Source: Public Record Report a problem
12/7/2004	Sold	$40,000-71.4%$13/sqft
Source: Public Record Report a problem
8/9/2004	Sold	$140,000$44/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,954 +5.2%	$248,900
2024	$9,466	$248,900
2023	--	$248,900
2022	--	$248,900
2021	--	$248,900
2020	--	$248,900
2019	$442	$248,900 +1427%
2018	$442 -21.1%	$16,300
2017	$561 +4%	$16,300
2016	$539 +6.7%	$16,300
2015	$505 -77.5%	$16,300 -84.4%
2004	$2,251	$104,200
2003	--	$104,200 +1125.9%
2002	--	$8,500
2001	--	$8,500