Under contract

$750,000

316 Ellery Ave, Newark City, NJ 07106

8beds

--sqft

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Multi Family

Built in 1952

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Classic newark characterParking availabilityQuiet residential block

Welcome to this EXTREMELY RARE FOUR FAMILY investment opportunity in Newark's sought-after Vailsburg section this four-family fixer-upper offers exceptional potential, solid structure, and an unbeatable location just minutes from Seton Hall University. Perfect for investors, owner-occupants, or anyone looking to add value through renovation. This multi-family home sits on a quiet residential block with classic Newark character. With the right vision, it can be transformed into a high-performing income property. The parking availability alone sets it apart rare for the area and highly desirable for tenants. Its proximity to Seton Hall and South Orange adds consistent rental demand and long-term stability. 203k loans and hard money loans are welcome!

89 days

20

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4.1
Full bathrooms: 4
1/2 bathrooms: 1

Heating

4+ Units, Natural Gas

Cooling

Wall Unit(s)

Features

Bedrooms, Eat-in Kitchen, Eat-In Kitchen
Basement: Yes,Full
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 4
Parking features: Shared Driveway
Uncovered spaces: 4

Lot

Size: 4,791 Square Feet
Dimensions: 49 x 100

Details

Parcel number: 1614041270001000440000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Asphalt Shingle

Condition

Year built: 1952

Utilities & green energy

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

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $253,400
Annual tax amount: $10,133
Date on market: 4/14/2026
Total actual rent: 0
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$2,192/mo

Price history

Date	Event	Price
4/20/2026	Pending sale	$750,000
Source: GSMLS #4020415 Report a problem
4/14/2026	Listed for sale	$750,000
Source: GSMLS #4020415 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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.

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