Active

$199,000

55 Commonwealth Ave, Newark City, NJ 07106

3beds

--sqft

$1,485/mo

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Single Family Residence

Built in 1924

2,613 Square Feet Lot

$369,900 Zestimate^®

$--/sqft

$-- HOA

What's special

Bonus attic roomFormal dining room

**INVESTOR OPPORTUNITY!** Bring your vision to this total-rehab property located in Newark?s Lower Vailsburg section. Featuring 3 bedrooms, 1 bathroom, a formal dining room, living room, and bonus attic room, this property offers plenty of potential for the right investor.Property is being sold strictly **AS-IS** and requires a full renovation. Seller will make absolutely no repairs or improvements and makes no representations or warranties regarding the condition of the property, its systems, or improvements. Buyer is responsible for conducting all desired due diligence.**PLEASE BE ADVISED:** No unauthorized showings or entry onto the premises. Do not enter, inspect, walk, or otherwise access the property without prior consent and a confirmed appointment.

12 hours
197
27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Kitchen

Features: Eat-in Kitchen

Heating

Baseboard - Hotwater, Radiant - Hot Water, Oil Tank Above Ground - Inside

Cooling

Central Air

Appliances

Included: See Remarks

Features

Basement: Yes,Unfinished
Number of fireplaces: 1
Fireplace features: See Remarks

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Features

Fencing: Metal Fence

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 1614041030000000360000

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Fixer
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $128,700
Annual tax amount: $5,146
Date on market: 10/6/2026
Ownership type: Fee Simple

Estimated market value

$369,900

$318,000 - $418,000

$2,635/mo

Price history

Date	Event	Price
10/6/2026	Listed for sale	$199,000+306.1%
Source: GSMLS #4057229 Report a problem
12/30/1983	Sold	$49,000
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,147 +5.2%	$128,700
2024	$4,894 +0.1%	$128,700
2023	$4,891	$128,700
2022	$4,891	$128,700
2021	$4,891 +1%	$128,700
2020	$4,840 +37.4%	$128,700
2019	$3,522	$128,700
2018	$3,522 -20.5%	$128,700
2017	$4,427 +4%	$128,700
2016	$4,259 +6.7%	$128,700
2015	$3,991 +5%	$128,700
2014	$3,801 +9.7%	$128,700
2013	$3,466 +3.7%	$128,700 +28.2%
2012	$3,341 +4.7%	$100,400
2011	$3,193 +16.1%	$100,400
2010	$2,750 +5.4%	$100,400
2009	$2,609 +4.4%	$100,400
2008	$2,500	$100,400
2007	$2,500	$100,400
2006	--	$100,400
2005	--	$100,400
2004	$2,169	$100,400
2003	--	$100,400 +865.4%
2002	--	$10,400
2001	--	$10,400