Your Next Best Investment Opportunity Awaits! Extremely spacious legal 2 Unit Home in an up and coming area of Newark. Live in 1 unit while renting out the others, or rent out both for maximum profit! 2 units offer a similar and accessible floor plan with a main full bath, 3 Bedrooms inc a Master Bedroom with private ensuite bath, spacious Living Room, Formal Dining Room, & an Eat-in Kitchen offering Granite Counters & a plethora of cabinetry. Hardwood and ceramic tile floors throughout. Nonconforming 3rd apartment offers an open floor layout for the Living Room, Dining Room & Kitchen, 1 Bedroom, & 1 Full Bath. 1 Car Garage & fenced in Concrete Driveway. Separate Utilities & a prime Commuter Location with easy access to GSP, NJ Turnpike, public transit to NYC, shopping, dining, parks & more! Come & see for yourself - opportunity is knocking!
Sold for $575,000
$575,000
498 Avon Ave, Newark, NJ 07108
7beds
2,558sqft
Multi Family
Built in 2006
-- sqft lot
$730,100 Zestimate®
$225/sqft
$2,531 Estimated rent
Home value
$730,100
$686,000 - $781,000
$2,531/mo
Zestimate® history
Owner options
List your home for rent
$2,531/mo
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$2,531/mo
Rent Zestimate®
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$4,036/mo
Est. payment
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$4,036/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
ROBERT DEKANSKI,
RE/MAX 1st ADVANTAGE 732-827-5344,
NICHOLAS HOMCY,
RE/MAX 1st ADVANTAGE
Source: All Jersey MLS,MLS#: 2353375M
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air
Cooling
- A/C Central - All
Appliances
- Included: Water Heater(Gas), Water Heater
Features
- Basement: Full, Finished, Bath Full, Bedroom, Interior Entry, Kitchen, Laundry Facilities, Other Room(s), Exterior Entry, Utility Room
Interior area
- Total structure area: 2,558
- Total interior livable area: 2,558 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, 1-2 Car Parking, On Street
- Attached garage spaces: 1
Features
- Stories: 2
- Patio & porch: Porch(es) - Open
- Exterior features: Curbs, Fencing/Wall, Porch(es) - Open, Sidewalk, Yard
- Fencing: Fencing/Wall
Lot
- Size: 2,500 sqft
- Dimensions: 25X100
- Features: Level, Near Public Transit, Near Shopping
Details
- Parcel number: 1402642000000054
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 2006
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Community
- Community features: Curbs, Sidewalks
Location
- Region: Newark
Other
Other facts
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2025 | Listing removed | $2,400$1/sqft |
Source:  GSMLS #3982410 Report a problem | ||
| 8/20/2025 | Listed for rent | $2,400$1/sqft |
Source: GSMLS #3982410 Report a problem | ||
| 2/2/2024 | Sold | $575,000+9.5%$225/sqft |
Source:  All Jersey MLS #2353375M Report a problem | ||
| 11/3/2023 | Contingent | $525,000$205/sqft |
Source: All Jersey MLS #2353375M Report a problem | ||
| 11/3/2023 | Pending sale | $525,000$205/sqft |
Source:  NJMLS #23032076 Report a problem | ||
| 10/17/2023 | Listed for sale | $525,000+228.1%$205/sqft |
Source: NJMLS #23032076 Report a problem | ||
| 7/27/2009 | Sold | $160,000-63.2%$63/sqft |
Source: Public Record Report a problem | ||
| 6/21/2006 | Sold | $435,000$170/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,854 +5.2% | $221,400 |
| 2024 | $8,420 +0.1% | $221,400 |
| 2023 | $8,413 | $221,400 |
| 2022 | $8,413 | $221,400 |
| 2021 | $8,413 +1% | $221,400 |
| 2020 | $8,327 +37.4% | $221,400 |
| 2019 | $6,059 | $221,400 |
| 2018 | $6,059 -20.5% | $221,400 |
| 2017 | $7,616 +4% | $221,400 |
| 2016 | $7,326 +6.7% | $221,400 |
| 2015 | $6,866 +5% | $221,400 |
| 2014 | $6,538 -41.8% | $221,400 |
| 2013 | $11,236 +3.7% | $221,400 -32% |
| 2012 | $10,833 +4.7% | $325,500 |
| 2011 | $10,351 +16.1% | $325,500 |
| 2010 | $8,915 +5.4% | $325,500 |
| 2009 | $8,460 +4.4% | $325,500 |
| 2008 | $8,105 +985% | $325,500 |
| 2007 | $747 | $325,500 |
Find assessor info on the county website
Neighborhood: Upper Clinton Hill
Nearby schools
GreatSchools rating
- 3/10Hawthorne Avenue Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 1/10Central High SchoolGrades: 9-12Distance: 1.1 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$730,100
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
$730,100
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