337 South 19th Street

Newark, NJ 07103

$480,000
Price
10
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor...Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730 to 800K + with projected rents of $2,000 to $2,500 per unit, the property can generate $8,000 to $10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS,"
  1. Listed by Darrell Bailey • EXP Realty, LLC • (862) 283-1281

Property Details for 337 South 19th Street

Style
3 Family
Sub style
Top/Btm
Waterfront
None
Garage
None
LISTING UPDATED: 11/21/2024 07:13 PM

Property Details for 337 South 19th Street

StatusActive
MLS #24037283
Days on Market30
Taxes$6,628 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size-
CountyEssex County

Property Information for 337 South 19th Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: 19th
  • County Name: ESSEX
  • Status: ACTIVE
  • Street Number Numeric: 337
  • Street Direction: South
  • Zip Code: 07103
Taxes and HOA Information
  • Ease assessment: None Known
  • Tax: $6,628
Owner
  • Ownership: Private
Property
Lot Information
  • Lot: 00025
  • Year Built: 1900-1939
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 01794
Property and Assessments
  • Photo: Y
  • Photo Number: 35
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: O/See Rmks, Sep Heat
  • Heatcool: Gas, Other Fuel Source/See Rmks
  • Cooling Type: Gas, Other Fuel Source/See Rmks
Interior and Exterior Features
Interior Features
  • Bedrooms: 10
  • Baths full: 3
  • Baths partial: 0
  • Floor 1St: Bedroom, Dining Room, Kitchen. Living
  • Floor 2Nd: Bedroom, Dining Room, Kitchen, Living
  • Floor 3Rd: Bedroom, Dining Room, Kitchen, Living
  • Basement: Full, Unfinished
  • Basement Description: Yes
  • Number of rooms: 15
  • Laundry: None
  • Lifestyle: Close/Parks, Close/School, Close/Trans
  • Full Baths Total: 3
  • Num of Baths: 3.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $480,000.00
  • Listing Date: 11-21-2024
  • Status Date: 11-21-2024
Showing Information
  • Internet Remarks: Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730 to 800K + with projected rents of $2,000 to $2,500 per unit, the property can generate $8,000 to $10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS,"

Property History for 337 South 19th 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 337 South 19th Street

Taxable ValueLand$21,300Additions$156,500Total$177,800
Tax Record2023$6,628 ($552 / month)
Home Facts
Beds0Total Finished SqFt3,096 SqFtAbove Grade Finished SqFt3,096 SqFtStories3Lot Size2,509 SqFtStyleSingle Family ResidenceYear Built1917CountyESSEXAPN14 01794-0000-00025

Schools near 337 South 19th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Thirteenth Avenue Elementary School
PublicPK to 8

South Seventeenth Street Elementary School
PublicPK to 8

Lincoln Elementary School
PublicPK to 8

Speedway Academies
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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337 South 19th Street is a multi-family home for sale in Newark, NJ 07103. This property was listed for sale on November 21, 2024 by EXP Realty, LLC, it's currently listed at $480,000. It has been on the market for a total of 30 days and was last sold on May 28, 2018. This listing's school district is The Newark Public School District. Nearby schools include Thirteenth Avenue Elementary School, South Seventeenth Street Elementary School and Lincoln Elementary School. 337 South 19th Street is a 10-bed, 3-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 EXP Realty, LLC, Darrell Bailey

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: 12/21/2024 11:51 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: 12/21/2024 11:51 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.