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Sold for $500,000
    • $500,000

    870-872 S 20th St, Newark, NJ 07108

    7beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $661,600 Zestimate®
    $--/sqft
    $2,368 Estimated rent

    Home value

    $661,600

    $622,000 - $708,000

    $2,368/mo

    Zestimate® history
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    What's special

    Detached garageHouses of worshipNewark liberty international airportPrudential centerNew boilerSpacious roomsSeparate utilities
    Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district

    Zillow last checked:

    Listing updated:

    Listed by:

    Darrell Bailey 862-283-1281,

    RE/MAX First Realty II

    Bought with:

    Darrell Bailey

    RE/MAX First Realty II

    Source: NJMLS,MLS#: 23007881MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Laundry: None

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 2
    Details
    • Parcel number: 1403015000000029

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

    Community & HOA

    Location
    • Region: Newark

    Financial & listing details

    • Tax assessed value: $396,500
    • Annual tax amount: $7,841
    • Date on market: 3/20/2023
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    8/7/2023Sold$500,000+3.1%
    Source: NJMLS #23007881 Report a problem
    4/14/2023Pending sale$485,000
    Source: NJMLS #23007881 Report a problem
    11/14/2022Price change$485,000-2.9%
    Source: NJMLS #22035207 Report a problem
    9/23/2022Listed for sale$499,500+23%
    Source: NJMLS #22035207 Report a problem
    12/11/2020Sold$406,000+538%
    Source: Public Record Report a problem
    8/8/2017Sold$63,636-41.6%
    Source: Public Record Report a problem
    12/21/2012Sold$109,000-22.1%
    Source: GSMLS #2888019 Report a problem
    3/22/2012Listing removed$139,900
    Source: ERA E.A. Boniakowski Agency, Inc. #2888019 Report a problem
    10/14/2011Price change$139,900-6.7%
    Source: EA Boniakowski Agency Inc #2888019 Report a problem
    9/28/2011Listed for sale$149,900
    Source: EA Boniakowski Agency Inc #2888019 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,856 +5.2%$396,500
    2024$15,079 +22.9%$396,500 +88.8%
    2023$12,265 +0.1%$210,000 -36%
    2022$12,259 +110.8%$328,300
    2021$5,814 +1%$328,300 +114.6%
    2020$5,754 +37.4%$153,000
    2019$4,187 $153,000
    2018$4,187 -20.5%$153,000
    2017$5,263 +4%$153,000
    2016$5,063 +6.7%$153,000
    2015$4,745 +5%$153,000
    2014$4,518 -17.9%$153,000 -7.5%
    2012$5,505 +4.7%$165,400
    2011$5,260 +16.1%$165,400
    2010$4,530 +5.4%$165,400
    2009$4,299 +4.4%$165,400
    2008$4,118 $165,400
    2007$4,118 $165,400
    2006-- $165,400
    2005-- $165,400
    2004$3,573 $165,400
    2003-- $165,400 +988.2%
    2002-- $15,200
    2001-- $15,200
    Find assessor info on the county website

    Neighborhood: Upper Clinton Hill

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $661,600
    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
    $661,600

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