162 South 11th Street

Newark, NJ 07107

$595,000
Price
10
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover unparalleled potential with this exceptional multifamily property situated in the vibrant heart of Newark. This legally approved two-family home, with a lucrative bonus unit, offers a remarkable investment opportunity with strong rental income prospects of over $60,000 annually. Property Highlights: Brand new roof with 10yr warranty Versatile Layout: This property features three well-appointed units:Unit 1: Spacious 4-bedroom, 1-bathroom Unit 2: Generous 4-bedroom, 2-bathroom Unit 3: Nice...Discover unparalleled potential with this exceptional multifamily property situated in the vibrant heart of Newark. This legally approved two-family home, with a lucrative bonus unit, offers a remarkable investment opportunity with strong rental income prospects of over $60,000 annually. Property Highlights: Brand new roof with 10yr warranty Versatile Layout: This property features three well-appointed units:Unit 1: Spacious 4-bedroom, 1-bathroom Unit 2: Generous 4-bedroom, 2-bathroom Unit 3: Nice 2-bedroom, 1-bathroomPrime Location: Conveniently located near public transportation and a laundry facility, ensuring high demand from tenants and ease of living. Strong Income Potential: With its ideal configuration and strategic location, this property is poised to deliver impressive returns. Whether you're an experienced investor or new to the real estate market, this property offers a fantastic opportunity to secure a high-yield asset in a dynamic and growing area. Great Opportunity
  1. Listed by Taylor J. Toney • Keller Williams Hudson Valley Realty • (845) 639-0300

Property Details for 162 South 11th Street

Style
3 Family
Sub style
Mixedflr
Waterfront
None
Garage
None

Open Houses

Saturday, Nov 23rd

1:00 PM - 3:00 PM

Public

LISTING UPDATED: 11/13/2024 09:01 AM

Property Details for 162 South 11th Street

StatusActive
MLS #24030423
Days on Market59
Taxes$6,564 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size0.06 AC / 2,500 SF
CountyEssex County

Building Information for 162 South 11th Street

Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,500 SF

Property Information for 162 South 11th Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: 11th
  • County Name: ESSEX
  • Status: ACTIVE
  • Street Number Numeric: 162
  • Street Direction: South
  • Zip Code: 07107
Taxes and HOA Information
  • Ease assessment: None Known
  • Tax: $6,564
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 2500.0
  • Lot: 00058
  • Year Built: 1980's
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 01826
Property and Assessments
  • Photo: Y
  • Photo Number: 7
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: Sep Gas
  • Heatcool: Gas, Hot Air
  • Cooling Type: Gas, Hot Air
Interior and Exterior Features
Interior Features
  • Bedrooms: 10
  • Baths full: 4
  • Baths partial: 0
  • Basement: Unfinished
  • Number of rooms: 18
  • Laundry: None
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, 1st Flr Primary Bdrm
  • Full Baths Total: 4
  • Num of Baths: 4.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $595,000.00
  • Listing Date: 09-19-2024
  • Status Date: 11-07-2024
Showing Information
  • Internet Remarks: Discover unparalleled potential with this exceptional multifamily property situated in the vibrant heart of Newark. This legally approved two-family home, with a lucrative bonus unit, offers a remarkable investment opportunity with strong rental income prospects of over $60,000 annually. Property Highlights: Brand new roof with 10yr warranty Versatile Layout: This property features three well-appointed units:Unit 1: Spacious 4-bedroom, 1-bathroom Unit 2: Generous 4-bedroom, 2-bathroom Unit 3: Nice 2-bedroom, 1-bathroomPrime Location: Conveniently located near public transportation and a laundry facility, ensuring high demand from tenants and ease of living. Strong Income Potential: With its ideal configuration and strategic location, this property is poised to deliver impressive returns. Whether you're an experienced investor or new to the real estate market, this property offers a fantastic opportunity to secure a high-yield asset in a dynamic and growing area. Great Opportunity

Property History for 162 South 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 162 South 11th Street

Taxable ValueLand$31,300Additions$144,400Total$175,700
Tax Record2023$6,550 ($546 / month)
Home Facts
Beds0Total Finished SqFt3,057 SqFtAbove Grade Finished SqFt3,057 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1882CountyESSEXAPN14 01826-0000-00058

Schools near 162 South 11th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 3
Public - PK to 5
Public - PK to 8
Rating
School
Distance
Michelle Obama Elementary School
PublicPK to 3

Sir Isaac Newton Elementary School
PublicPK to 3

East Ward Elementary School
PublicPK to 5

Sussex Avenue Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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162 South 11th Street is a multi-family home for sale in Newark, NJ 07107. This property was listed for sale on September 19, 2024 by Keller Williams Hudson Valley Realty, it's currently listed at $595,000. It has been on the market for a total of 59 days and was last sold on July 23, 2021. This listing's school district is The Newark Public School District. Nearby schools include Michelle Obama Elementary School, Sir Isaac Newton Elementary School and East Ward Elementary School. 162 South 11th Street is a 10-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Hudson Valley Realty, Taylor J. Toney

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/17/2024 09:36 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/17/2024 09:36 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.