*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27
Sold for $600,000
$600,000
56-58 Shaw Ave, Newark, NJ 07112
8beds
4baths
2,934sqft
Multi Family
Built in 1927
-- sqft lot
$667,100 Zestimate®
$204/sqft
$2,110 Estimated rent
Home value
$667,100
$594,000 - $747,000
$2,110/mo
Zestimate® history
Owner options
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$2,110/mo
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$2,110/mo
Rent Zestimate®
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$4,224/mo
Est. payment
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$4,224/mo
Est. payment
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List your homeWhat's special
Ample parkingFull basementLarge corner lot
Zillow last checked:
Listing updated:
Listed by:
ROBERT DEKANSKI,
RE/MAX 1st ADVANTAGE 732-827-5344,
JUSUF BUDZAKU,
RE/MAX 1st ADVANTAGE
Source: All Jersey MLS,MLS#: 2411030R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Radiators-Hot Water, See Remarks
Cooling
- A/C Window Unit(s), Unit 1(A/C Unit)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven), Unit 3(Range/Oven)
Features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(3 Bedrooms, Kitchen, 1 Bath, Living Room)
- Windows: Screen/Storm Window, Blinds, Screens/Storms
- Basement: Full, Bath Full, Storage Space, Interior Entry, Utility Room, Laundry Facilities
Interior area
- Total structure area: 2,934
- Total interior livable area: 2,934 sqft
Property
Parking
- Parking features: 4(+)Car Parking, Paved
Features
- Stories: 3
- Patio & porch: Porch(es) - Open, Porch
- Exterior features: Curbs, Porch(es) - Open, Screen/Storm Window, Door(s)-Storm/Screen, Sidewalk, Fencing/Wall, Blinds, Semi-Private Entry, Porch, Storage Area-Common, Screens/Storms
- Fencing: Fencing/Wall
Lot
- Size: 4,212 Square Feet
- Dimensions: 100.00 x 0.00
- Features: Near Shopping, Cul-De-Sac, Level, Near Public Transit
Details
- Parcel number: 1403063000000008
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1927
Utilities & green energy
- Gas: Oil
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Newark
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $173,400
- Annual tax amount: $6,478
- Date on market: 4/27/2024
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/13/2024 | Sold | $600,000+20%$204/sqft |
Source:  All Jersey MLS #2411030R Report a problem | ||
| 9/25/2024 | Pending sale | $499,999$170/sqft |
Source:  GSMLS #3898328 Report a problem | ||
| 9/25/2024 | Contingent | $499,999$170/sqft |
Source: All Jersey MLS #2411030R Report a problem | ||
| 9/17/2024 | Listed for sale | $499,999$170/sqft |
Source:  NJMLS #24012527 Report a problem | ||
| 6/25/2024 | Pending sale | $499,999$170/sqft |
Source: GSMLS #3898328 Report a problem | ||
| 6/25/2024 | Contingent | $499,999$170/sqft |
Source: All Jersey MLS #2411030R Report a problem | ||
| 6/17/2024 | Listed for sale | $499,999$170/sqft |
Source: All Jersey MLS #2411030R Report a problem | ||
| 5/20/2024 | Pending sale | $499,999$170/sqft |
Source: GSMLS #3898328 Report a problem | ||
| 5/20/2024 | Contingent | $499,999$170/sqft |
Source: All Jersey MLS #2411030R Report a problem | ||
| 4/25/2024 | Listed for sale | $499,999+122.2%$170/sqft |
Source: NJMLS #24012527 Report a problem | ||
| 1/25/2005 | Sold | $225,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,934 +5.2% | $173,400 |
| 2024 | $6,594 +0.1% | $173,400 |
| 2023 | $6,589 | $173,400 |
| 2022 | $6,589 | $173,400 |
| 2021 | $6,589 +1% | $173,400 |
| 2020 | $6,522 +37.4% | $173,400 |
| 2019 | $4,745 | $173,400 |
| 2018 | $4,745 -20.5% | $173,400 |
| 2017 | $5,965 +4% | $173,400 |
| 2016 | $5,738 +6.7% | $173,400 |
| 2015 | $5,377 +5% | $173,400 |
| 2014 | $5,121 +5% | $173,400 +18.3% |
| 2012 | $4,879 +4.7% | $146,600 |
| 2011 | $4,662 +16.1% | $146,600 |
| 2010 | $4,015 +5.4% | $146,600 |
| 2009 | $3,810 +4.4% | $146,600 |
| 2008 | $3,650 | $146,600 |
| 2007 | $3,650 | $146,600 |
| 2006 | -- | $146,600 |
| 2005 | -- | $146,600 |
| 2004 | $3,167 | $146,600 |
| 2003 | -- | $146,600 +1019.1% |
| 2002 | -- | $13,100 |
| 2001 | -- | $13,100 |
Find assessor info on the county website
Neighborhood: Weequahic
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Nearby schools
GreatSchools rating
- 4/10George Washington Carver Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Weequahic High SchoolGrades: 9-12Distance: 0.4 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$667,100
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
$667,100
- New Jersey
- Essex County
- Newark
- 07112
- Weequahic
- 56-58 Shaw Ave
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