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.
Under contract
$550,000
225-227 Alexander St, Newark City, NJ 07106
7beds
2,200sqft
Multi Family
Built in 1920
-- sqft lot
$693,200 Zestimate®
$250/sqft
$-- HOA
What's special
Bonus sunroomSpacious layouts
- 37 days |
- 291 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Ricardo Folkes 848-702-0357,
Lifestyle International Realty
Source: GSMLS,MLS#: 4031678
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
$693,200
$645,000 - $742,000
$2,069/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 | -- | $13,600 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Lower Vailsburg
Nearby schools
GreatSchools rating
- 6/10Ivy Hill Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 1.3 mi
- 1/10Central High SchoolGrades: 9-12Distance: 1.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Essex County
- Newark
- 07106
- Lower Vailsburg
- 225-227 Alexander St
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Nearby zip codes
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