Active

$549,999

240-242 Sunset Ave, Newark City, NJ 07106

4beds

--sqft

$3,881/mo

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Multi Family

Built in 1922

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Enclosed front porchSpacious backyard

Renovated two-family home in Newark featuring two units, each with 2 bedrooms and 1 bath. Property has a 1-car width driveway, spacious backyard, and enclosed front porch. Conveniently located near public transportation, major highways, shopping, and schools. Ideal for investors or owner-occupants seeking strong rental potential and easy NYC access.

139 days
325
26

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Range/Oven - Gas, Refrigerator, Range/Oven - Electric, Electric Water Heater

Features

Bedrooms, Eat-in Kitchen, Living/Dining Room, Eat-In Kitchen
Basement: Yes,Partially Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 4
Parking features: 1 Car Width, Off Street, None
Uncovered spaces: 4

Features

Levels: Two
Stories: 2

Lot

Size: 3,484 Square Feet
Dimensions: 33 x 100

Details

Parcel number: 1614040500000000340000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1922

Utilities & green energy

Gas: Gas In Street
Sewer: Public Sewer
Water: Public
Utilities for property: Gas In Street

Community & HOA

Community

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

Location

Region: Newark

Financial & listing details

Tax assessed value: $195,000
Annual tax amount: $7,798
Date on market: 5/29/2026
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
5/29/2026	Listed for sale	$549,999+139.1%
Source: GSMLS #4030972 Report a problem
7/12/2021	Sold	$230,000+91.7%
Source: Public Record Report a problem
11/1/2017	Sold	$120,000+215.8%
Source: GSMLS #3412472 Report a problem
7/7/2016	Sold	$38,000
Source: Public Record Report a problem
3/23/2016	Sold	$38,000-85.4%
Source: GSMLS #3182029 Report a problem
10/1/2007	Sold	$260,000+83.6%
Source: Public Record Report a problem
3/11/2005	Sold	$141,650+9%
Source: Public Record Report a problem
1/11/2002	Sold	$129,900+188.7%
Source: Public Record Report a problem
6/30/2000	Sold	$45,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,798 +5.2%	$195,000
2024	$7,416 +15.1%	$195,000
2023	$6,441 +0.1%	$195,000 +13.1%
2022	$6,437 +61.6%	$172,400
2021	$3,982 +1%	$172,400 +64.5%
2020	$3,942 +37.4%	$104,800
2019	$2,868	$104,800
2018	$2,868 -20.5%	$104,800
2017	$3,605 +4%	$104,800
2016	$3,468 +6.7%	$104,800
2015	$3,250 +5%	$104,800
2014	$3,095 -39.3%	$104,800
2013	$5,095 +3.7%	$104,800 -29%
2012	$4,912 +4.7%	$147,600
2011	$4,694 +16.1%	$147,600
2010	$4,043 +5.4%	$147,600
2009	$3,836 +4.4%	$147,600
2008	$3,675	$147,600
2007	$3,675	$147,600
2006	--	$147,600
2005	--	$147,600
2004	$3,188	$147,600
2003	--	$147,600 +1241.8%
2002	--	$11,000
2001	--	$11,000