Under contract

$550,000

225-227 Alexander St, Newark City, NJ 07106

7beds

2,200sqft

$3,733/mo

Get pre-qualified

Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$250/sqft

$-- HOA

What's special

Bonus sunroomSpacious layouts

Welcome to this exceptional two-unit home featuring bonus third-floor space and outstanding potential. A great opportunity for whether savvy or aspiring investors looking to create excellent cash flow.Each unit features 3 bedrooms and 1 full bathroom, offering spacious layouts ideal for owner-occupants or tenants. The first-floor unit includes a bonus sunroom, providing additional living space filled with natural light and added versatility.The bonus third-floor space presents exciting possibilities for additional use, subject to buyer due diligence and local regulations.Drive by only. All offers subject to third-party/bank approval.

91 days
22
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Heating

Radiators - Hot Water, Natural Gas

Cooling

Window Unit(s)

Features

Bedrooms, Kitchen, Living Room, Sunroom
Basement: Yes,Unfinished
Number of fireplaces: 2

Interior area

Total structure area: 2,200
Total interior livable area: 2,200 sqft

Property

Parking

Total spaces: 4
Parking features: 1 Car Width, Additional Parking
Uncovered spaces: 4

Features

Levels: Two
Stories: 2

Lot

Size: 3,920 Square Feet
Dimensions: 37.6 x 100

Details

Parcel number: 1614040500000000140000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Location

Region: Newark

Financial & listing details

Price per square foot: $250/sqft
Tax assessed value: $266,100
Annual tax amount: $10,641
Date on market: 6/2/2026
Total actual rent: 0
Tenant pays: Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

$2,281/mo

Price history

Date	Event	Price
7/9/2026	Pending sale	$550,000$250/sqft
Source: GSMLS #4031678 Report a problem
6/2/2026	Listed for sale	$550,000$250/sqft
Source: GSMLS #4031678 Report a problem
2/12/2025	Listing removed	$550,000$250/sqft
Source: GSMLS #3934128 Report a problem
12/10/2024	Pending sale	$550,000$250/sqft
Source: GSMLS #3934128 Report a problem
12/1/2024	Price change	$550,000-23.1%$250/sqft
Source: NJMLS #24037018 Report a problem
11/13/2024	Listed for sale	$715,000+98.6%$325/sqft
Source: GSMLS #3934128 Report a problem
3/20/2018	Sold	$360,000$164/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,641 +5.2%	$266,100
2024	$10,120 +0.1%	$266,100
2023	$10,112	$266,100
2022	$10,112	$266,100
2021	$10,112 +1%	$266,100
2020	$10,008 +245.3%	$266,100
2019	$2,899	$266,100 +63.6%
2018	$2,899 -48.2%	$162,700
2017	$5,597 +4%	$162,700
2016	$5,384 +6.7%	$162,700
2015	$5,045 +5%	$162,700
2014	$4,805 -5.5%	$162,700 +6.5%
2012	$5,085 +4.7%	$152,800
2011	$4,859 +16.1%	$152,800
2010	$4,185 +5.4%	$152,800
2009	$3,971 +4.4%	$152,800
2008	$3,805	$152,800
2007	$3,805	$152,800
2006	--	$152,800
2005	--	$152,800
2004	$3,300	$152,800
2003	--	$152,800 +1023.5%
2002	--	$13,600
2001	--	$13,600