167 South 11th Street

Newark, NJ 07107

$759,999
Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants. With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization....Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants. With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization. Upon delivery, one unit will be vacant, providing the perfect opportunity for immediate value addition and potential rent increase. Furthermore, one of the units merely requires slight updates, offering a straightforward path to enhancing its appeal and maximizing rental income. The 2-bedroom apartment, in particular, commands excellent rents, making it a lucrative asset within the property. Located in a thriving neighborhood with access to local amenities and transportation options, this property holds immense promise for investors. CLOSING COST PROGRAM The Closing Cost Program provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. 2/3 Units VACANT OCTOBER 2024
  1. Listed by ISAIAH SPRINGER • WEICHERT REALTORS

Property Details for 167 South 11th Street

Directions
PLEASE USE GPS
Days On Market
197
LISTING UPDATED: 10/07/2024 02:30 PM

Property Details for 167 South 11th Street

StatusActive
MLS #3905477
Days on Market200
Taxes$7,898 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1920
Lot Size-
CountyEssex County

Building Information for 167 South 11th Street

Stories-Residences3Year Built1920Building Size-Lot Size-

Property Information for 167 South 11th Street

Summary
Location and General Information
  • Active Days on Market: 194
  • Renovated Year: 2023
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 1825
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 167.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: S 11TH
  • Zip Code: 07107-3381
  • Total Units: 3
Taxes and HOA Information
  • Tax Amount: $7,898
  • Assessment Total: 211400.0
  • Tax ID For Property: 1614-01825-0000-00015-0000-
  • Tax Rate Amount: $0
  • Tax Rate Year: 2022
  • Tax Year: 2022
Parking
  • Parking/Driveway Description: See Remarks
Property
Lot Information
  • Lot Identifier: 15
  • Approximate Lot Size: 2747
  • Construction Date/Year Built: 1920
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 180100.0
  • Assessment Land: 31300.0
Utilities
  • Cooling: See Remarks
  • Utilities: See Remarks
  • Water: Public Water
  • Water Heater: See Remarks
  • Heating: See Remarks
  • Fuel Type: Electric
  • Sewer: See Remarks
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: See Remarks
Interior Features
  • Interior Features: See Remarks
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 2747.0
Unit 2 Information
  • Unit 2 Appl/Equip: See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water
  • Unit 2 Rent: 1520.0
  • Unit 2 Room Description: See Remarks
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 1520.0
  • Unit 2 Sq Ft: 2747.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water
  • Unit 3 Rent: 1750.0
  • Unit 3 Room Description: See Remarks
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 1750.0
  • Unit 3 Sq Ft: 2747.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 167 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 167 South 11th Street

Taxable ValueLand$31,300Additions$180,100Total$211,400
Tax Record2023$7,881 ($657 / month)
Home Facts
Beds0Total Finished SqFt2,747 SqFtAbove Grade Finished SqFt2,747 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1920CountyESSEXAPN14 01825-0000-00015

Schools near 167 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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167 South 11th Street is a multi-family home for sale in Newark, NJ 07107. This property was listed for sale on May 31, 2024 by WEICHERT REALTORS, it's currently listed at $759,999. It has been on the market for a total of 200 days and was last sold on April 3, 2024. 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. 167 South 11th Street is a 8-bed, 3-bath, multi-family home built in 1920.

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 WEICHERT REALTORS, ISAIAH SPRINGER

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: 12/18/2024 01:03 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: 12/18/2024 01:03 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.