Active

$650,000

196 Sussex Ave, Newark City, NJ 07103

7beds

--sqft

$4,370/mo

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Multi Family

Built in 1887

-- sqft lot

$673,100 Zestimate^®

$--/sqft

$-- HOA

What's special

Additional living space

Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won't want to miss!

115 days

364

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3.1
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: See Remarks

Features

Bedrooms, Living/Dining Room
Basement: Yes,Partially Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: None

Lot

Size: 3,049 Square Feet
Dimensions: 27 x 113.5

Details

Parcel number: 1614028430000000060000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: See Remarks

Condition

Year built: 1887

Utilities & green energy

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

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $139,200
Annual tax amount: $5,566
Date on market: 4/21/2026
Total actual rent: 2400
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water

Estimated market value

$673,100

$639,000 - $707,000

$2,181/mo

Price history

Date	Event	Price
4/21/2026	Listed for sale	$650,000-3.7%
Source: NJMLS #26013902 Report a problem
2/7/2025	Listing removed	$675,000
Source: GSMLS #3904907 Report a problem
5/31/2024	Listed for sale	$675,000+1250%
Source: GSMLS #3904907 Report a problem
2/14/1995	Sold	$50,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,567 +5.2%	$139,200
2024	$5,294 +0.1%	$139,200
2023	$5,290	$139,200
2022	$5,290	$139,200
2021	$5,290 +1%	$139,200
2020	$5,235 +103.7%	$139,200
2019	$2,570	$139,200
2018	$2,570 -46.3%	$139,200
2017	$4,788 +4%	$139,200
2016	$4,606 +6.7%	$139,200
2015	$4,317 +5%	$139,200
2014	$4,111 -5.1%	$139,200 +7%
2012	$4,330 +4.7%	$130,100
2011	$4,137 +16.1%	$130,100
2010	$3,563 +5.4%	$130,100
2009	$3,381 +4.4%	$130,100
2008	$3,239	$130,100
2007	$3,239	$130,100
2006	--	$130,100
2005	--	$130,100
2004	$2,810	$130,100
2003	--	$130,100 +1241.2%
2002	--	$9,700
2001	--	$9,700