Turnkey 2-Unit Cash-Flowing Investment Newark, NJ Fully occupied multi-family generating immediate income from day one or move into one unit and let the rental income from the other dramatically offset your housing costs. Either way, this property is ready to perform.Unit Mix:First Floor 3 Bed / 1 Bath with Long-term tenants in placeSecond Floor 4 Bed / 1 Bath Long Term Tenants In PlaceBoth units benefit from a blend of housing-assisted and market tenants, providing a diversified income stream with reliable, on-time rent collection. Tenants pay their own electric and gas owner responsibility is limited to water/sewer only.Recent Capital Improvements Already Done:New roof New Separate HVAC system New sewer lineThis is a low-turnover, professionally managed asset with a proven rental history. Whether you're building a portfolio or looking for a stable first investment, this property is structured to perform from closing day forward. Investor-friendly in every sense. Very easy to show.Selling as-is, fully occupied. Rent roll and financials available to qualified buyers upon request.
Active
$499,000
65 Stone St, Newark City, NJ 07104
7beds
1,960sqft
Multi Family
Built in 2021
-- sqft lot
$-- Zestimate®
$255/sqft
$-- HOA
What's special
New separate hvac systemNew roof
- 77 days |
- 774 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Farhan Yousufi 201-538-0389,
Keller Williams City Views Realty
Source: GSMLS,MLS#: 4020475
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Dining Room, Eat-in Kitchen, Kitchen, Living Room, Bedrooms, Eat-In Kitchen
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,960
- Total interior livable area: 1,960 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Exterior features: See Remarks
Lot
- Size: 2,613 Square Feet
- Dimensions: 25 x 104
Details
- Parcel number: 1614004850000000060000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt Shingle,Flat
Condition
- Year built: 2021
- Major remodel year: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Community
- Security: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Location
- Region: Newark
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $150,900
- Annual tax amount: $6,034
- Date on market: 4/14/2026
- Total actual rent: 3265
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Listed for sale | $499,000+25.1%$255/sqft |
Source:  GSMLS #4020475 Report a problem | ||
| 6/29/2022 | Listing removed | -- |
Source: GSMLS #3784741 Report a problem | ||
| 5/25/2022 | Listed for sale | $399,000+141.8%$204/sqft |
Source: GSMLS #3784741 Report a problem | ||
| 6/15/2021 | Sold | $165,000+397%$84/sqft |
Source: Public Record Report a problem | ||
| 2/8/2017 | Sold | $33,200-75.6%$17/sqft |
Source: Public Record Report a problem | ||
| 7/29/2002 | Sold | $136,000+58.1%$69/sqft |
Source: Public Record Report a problem | ||
| 4/6/2002 | Sold | $86,000+91.1%$44/sqft |
Source: Public Record Report a problem | ||
| 1/30/1997 | Sold | $45,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,034 +5.2% | $150,900 |
| 2024 | $5,739 +0.1% | $150,900 |
| 2023 | $5,734 | $150,900 |
| 2022 | $5,734 | $150,900 |
| 2021 | $5,734 +1% | $150,900 |
| 2020 | $5,675 +167.9% | $150,900 |
| 2019 | $2,118 | $150,900 +26.8% |
| 2018 | $2,118 -48.3% | $119,000 |
| 2017 | $4,094 +4% | $119,000 |
| 2016 | $3,938 +6.7% | $119,000 |
| 2015 | $3,690 +5% | $119,000 |
| 2014 | $3,514 -26.4% | $119,000 -17.1% |
| 2012 | $4,776 +4.7% | $143,500 |
| 2011 | $4,563 +16.1% | $143,500 |
| 2010 | $3,930 +5.4% | $143,500 |
| 2009 | $3,730 +4.4% | $143,500 |
| 2008 | $3,573 | $143,500 |
| 2007 | $3,573 | $143,500 |
| 2006 | -- | $143,500 |
| 2005 | -- | $143,500 |
| 2004 | $3,100 | $143,500 |
| 2003 | -- | $143,500 +2010.3% |
| 2002 | -- | $6,800 |
| 2001 | -- | $6,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Seventh Avenue
Nearby schools
GreatSchools rating
- 4/10Franklin Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Barringer High SchoolGrades: 9-12Distance: 0.3 mi
- 8/10Technology High SchoolGrades: 9-12Distance: 0.4 mi
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A local lender can help you make sure your offer is ready when you are.
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