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!
Under contract
$750,000
316 Ellery Ave, Newark City, NJ 07106
8beds
--sqft
Multi Family
Built in 1952
-- sqft lot
$795,200 Zestimate®
$--/sqft
$-- HOA
What's special
Classic newark characterParking availabilityQuiet residential block
- 137 days
- 23
- 0
Zillow last checked:
Listing updated:
Listed by:
Adrian Agramonte 908-316-8530,
Bhgre Elite
Source: GSMLS,MLS#: 4020415
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
$795,200
$755,000 - $843,000
$2,180/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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Neighborhood: Upper Vailsburg
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