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Sold for $775,000
  • $775,000

    426-428 3rd Ave W, Newark, NJ 07107

    8beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $879,300 Zestimate®
    $--/sqft
    $2,012 Estimated rent

    Home value

    $879,300

    $818,000 - $950,000

    $2,012/mo

    Zestimate® history
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    $2,012/mo

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    $5,456/mo

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    What's special

    Calling All Investors!! Welcome to an exceptional investment opportunity in the heart of Newark, NJ! This recently renovated multifamily property located at 426-428 3rd Ave West offers a lucrative option for both investors and homeowners looking to generate rental income. Situated on a residential street, this property boasts modern amenities, ample parking, and a charming backyard, making it an ideal choice for those seeking a profitable real estate venture. Enjoy the outdoors in the property's charming backyard, perfect for relaxing or entertaining during warmer months. The space offers a private retreat in the midst of the city, adding value and appeal to the property. Income Potential With a great rent roll already in place, this property offers immediate income potential for investors with a full finish basement and attic. Alternatively, buyers can choose to live in one unit and rent out the other, providing an opportunity to offset mortgage expenses and build equity. Don't Miss Out! This meticulously maintained multifamily property offers a rare chance to invest in Newark's thriving real estate market. Whether you're an experienced investor or a first-time buyer looking to maximize your investment, 426-428 3rd Ave West presents a compelling opportunity. Schedule a showing today and discover the potential of this turnkey investment property! More Photo's to Come!!!

    Zillow last checked:

    Listing updated:

    Listed by:

    SIMONE JELKS-BANDISON 973-992-4323,

    COLDWELL BANKER RESIDENTIAL BROKERAGE 973-994-4323

    Bought with:

    , 2333577

    LIFESTYLE INTERNATIONAL REALTY LLC

    Source: HCMLS,MLS#: 240010192

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Window Unit(s)
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Parking features: 3+ Cars, Garage, Detached
    • Has garage: Yes
    Details
    • Parcel number: 1401945000000002

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • See Remarks

    Community & HOA

    Location
    • Region: Newark

    Financial & listing details

    • Tax assessed value: $251,200
    • Annual tax amount: $9,364
    • Date on market: 5/29/2024
    • Inclusions: FIXTURES
    • Exclusions: OWNERS PERSONAL PROPERTY

    Price history

    DateEventPrice
    10/29/2024Sold$775,000+19.3%
    Source: HCMLS #240010192 Report a problem
    6/27/2024Pending sale$649,500
    Source: GSMLS #3903854 Report a problem
    5/25/2024Listed for sale$649,500+127.9%
    Source: GSMLS #3903854 Report a problem
    7/17/2012Sold$285,000+119.2%
    Source: GSMLS #2901086 Report a problem
    11/10/2011Sold$130,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,045 +5.2%$251,200
    2024$9,553 +0.1%$251,200
    2023$9,546 $251,200
    2022$9,546 $251,200
    2021$9,546 +1%$251,200
    2020$9,448 +37.4%$251,200
    2019$6,874 $251,200
    2018$6,874 -20.5%$251,200
    2017$8,641 +4%$251,200
    2016$8,312 +6.7%$251,200
    2015$7,790 +5%$251,200
    2014$7,418 -24.8%$251,200 -15.2%
    2012$9,861 +4.7%$296,300
    2011$9,422 +16.1%$296,300
    2010$8,116 +5.4%$296,300
    2009$7,701 +4.4%$296,300
    2008$7,378 $296,300
    2007$7,378 $296,300
    2006-- $296,300
    2005-- $296,300
    2004$6,400 $296,300
    2003-- $296,300 +1642.9%
    2002-- $17,000
    2001-- $17,000
    Find assessor info on the county website

    Neighborhood: Upper Roseville

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $879,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $879,300