Income producing legal 4 family in Newark! Cap rate at asking is over 5%. PNL is located in the docs section. Separate utilities. Three units are 2bed/1bath and one unit is 3bed/1bath. Parking for 6 located in rear of building.
Sold for $556,000
$556,000
216-218 Sunset Ave, Newark, NJ 07106
9beds
--sqft
Multi Family
Built in ----
-- sqft lot
$772,900 Zestimate®
$--/sqft
$2,038 Estimated rent
Home value
$772,900
$719,000 - $827,000
$2,038/mo
Zestimate® history
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$3,976/mo
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Zillow last checked:
Listing updated:
Listed by:
Michael Filippelli 724-622-6838,
Coldwell Banker, Alpine/Closter
Bought with:
Mordy Abelesz
EXP Realty, LLC
Source: NJMLS,MLS#: 22011942
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Laundry: None
Property
Parking
- Total spaces: 4
Details
- Parcel number: 1404050000000046
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $330,100
- Annual tax amount: $12,500
- Date on market: 4/8/2022
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2023 | Sold | $556,000-18.1% |
Source:  NJMLS #22011942 Report a problem | ||
| 5/17/2023 | Pending sale | $679,000 |
Source: NJMLS #22011942 Report a problem | ||
| 3/1/2023 | Price change | $679,000-2.9% |
Source: NJMLS #22011942 Report a problem | ||
| 10/3/2022 | Price change | $699,000-2.9% |
Source: NJMLS #22011942 Report a problem | ||
| 9/6/2022 | Price change | $719,900-1.4% |
Source: NJMLS #22011942 Report a problem | ||
| 5/24/2022 | Price change | $729,900-2.6% |
Source: NJMLS #22011942 Report a problem | ||
| 4/8/2022 | Listed for sale | $749,000+76.2% |
Source: NJMLS #22011942 Report a problem | ||
| 10/26/2018 | Sold | $425,000-5.6% |
Source:  GSMLS #3458408 Report a problem | ||
| 4/4/2018 | Listed for sale | $450,000+138.1% |
Source: EXIT PLATINUM REALTY #3458408 Report a problem | ||
| 6/19/2017 | Sold | $189,000-14.2% |
Source: GSMLS #3385536 Report a problem | ||
| 10/15/2004 | Sold | $220,300+10.7% |
Source: Public Record Report a problem | ||
| 11/3/2000 | Sold | $199,000+34.5% |
Source: Public Record Report a problem | ||
| 2/11/1997 | Sold | $148,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,201 +5.2% | $330,100 |
| 2024 | $12,554 +0.1% | $330,100 |
| 2023 | $12,544 | $330,100 |
| 2022 | $12,544 | $330,100 |
| 2021 | $12,544 +45.3% | $330,100 |
| 2020 | $8,632 +37.4% | $330,100 +43.8% |
| 2019 | $6,280 | $229,500 |
| 2018 | $6,280 -20.5% | $229,500 |
| 2017 | $7,895 +4% | $229,500 |
| 2016 | $7,594 +6.7% | $229,500 |
| 2015 | $7,117 +5% | $229,500 |
| 2014 | $6,777 -4.7% | $229,500 +7.4% |
| 2012 | $7,109 +4.7% | $213,600 |
| 2011 | $6,792 +16.1% | $213,600 |
| 2010 | $5,851 +5.4% | $213,600 |
| 2009 | $5,551 +4.4% | $213,600 |
| 2008 | $5,319 | $213,600 |
| 2007 | $5,319 | $213,600 |
| 2006 | -- | $213,600 |
| 2005 | -- | $213,600 |
| 2004 | $4,614 | $213,600 |
| 2003 | -- | $213,600 +790% |
| 2002 | -- | $24,000 |
| 2001 | -- | $24,000 |
Find assessor info on the county website
Neighborhood: Lower Vailsburg
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Nearby schools
GreatSchools rating
- 6/10Ivy Hill Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 1.4 mi
- 1/10Central High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$772,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$772,900
- New Jersey
- Essex County
- Newark
- 07106
- Lower Vailsburg
- 216-218 Sunset Ave
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