Active

$550,000

173 3Rd St, Newark City, NJ 07107

5beds

--sqft

$3,698/mo

Get pre-qualified

Multi Family

Built in 1910

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Generous backyard

Newly updated multifamily situated on a spacious 25x114 lot with a generous backyard in the heart of Newark, NJ. Perfect for the savvy investor seeking immediate cash flow or an owner-occupant looking to live in one unit while generating rental income from the other. Unit 1 is vacant and move-in ready, ideal for an owner-occupant or to immediately place a tenant for rental income. Unit 2 is currently tenant occupied, providing cash flow from day one. Strategically located just off Route 280 with seamless access to major highways and NJ Transit for a short commute to NYC. Minutes from Payne Tech High School and close proximity to shopping, dining, and local amenities. Whether you are house hacking, building your portfolio, or seeking turnkey cash flow, this property checks every box. Opportunities like this don't last. Schedule your showing today.

29 days

1,267

101

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

2 Units, Natural Gas

Cooling

See Remarks

Appliances

Included: Range/Oven - Gas, Refrigerator

Features

Bedrooms, Kitchen, See Remarks
Basement: Yes,Full
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 3,049 Square Feet
Dimensions: 25 x 114.8

Details

Parcel number: 1614019110000000500000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1910
Major remodel year: 2026

Utilities & green energy

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

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector

Location

Region: Newark

Financial & listing details

Tax assessed value: $188,500
Annual tax amount: $7,538
Date on market: 7/21/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/21/2026	Listed for sale	$550,000+57.1%
Source: GSMLS #4042172 Report a problem
7/12/2021	Sold	$350,000-12.3%
Source: Public Record Report a problem
4/5/2021	Listing removed	--
Source: RE/MAX International Report a problem
3/23/2021	Listed for sale	$399,000
Source: RE/MAX International #20048141 Report a problem
11/20/2020	Listing removed	$399,000
Source: RE/MAX First Realty II #3678505 Report a problem
11/14/2020	Listed for sale	$399,000+343.3%
Source: RE/MAX FIRST REALTY II #3678505 Report a problem
1/30/2018	Sold	$90,000-9.1%
Source: GSMLS #3413188 Report a problem
3/8/2017	Listed for sale	$99,000
Source: Weichert Realtors #3346323 Report a problem
12/29/2016	Listing removed	$99,000
Source: Weichert Realtors #1643083 Report a problem
12/21/2016	Listed for sale	$99,000
Source: Weichert Realtors #1643083 Report a problem
11/11/2016	Listing removed	$99,000
Source: Weichert Realtors #1643083 Report a problem
10/28/2016	Listed for sale	$99,000
Source: Weichert Realtors #1643083 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,538 +5.2%	$188,500
2024	$7,169 +0.1%	$188,500
2023	$7,163	$188,500
2022	$7,163	$188,500
2021	$7,163 +1%	$188,500
2020	$7,090 +85.2%	$188,500 +34.7%
2019	$3,828	$139,900
2018	$3,828 -20.5%	$139,900
2017	$4,813 +4%	$139,900
2016	$4,629 +6.7%	$139,900
2015	$4,338 +5%	$139,900
2014	$4,131 -25.5%	$139,900
2013	$5,544 +3.7%	$139,900 -12.9%
2012	$5,345 +4.7%	$160,600
2011	$5,107 +16.1%	$160,600
2010	$4,399 +5.4%	$160,600
2009	$4,174 +4.4%	$160,600
2008	$3,999	$160,600
2007	$3,999	$160,600
2006	--	$160,600
2005	--	$160,600
2004	$3,469	$160,600
2003	--	$160,600 +1506%
2002	--	$10,000
2001	--	$10,000