357 Avon Avenue

Newark, NJ 07108

$600,000
Price
6
Beds
4
Baths
3
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime 4-Unit Mixed-Use Property in Newark, NJ. High-Income Potential! This versatile mixed-use property offers incredible income opportunities in a highly desirable location. On the first level, there are two commercial spaces: one previously used as a hair salon and the other currently rented for $1,400/month. The second level features two newly renovated 3-bedroom apartments, both boasting fresh paint and new flooring. One unit is currently rented under market value to excellent tenants for $1,700/month,...Prime 4-Unit Mixed-Use Property in Newark, NJ. High-Income Potential! This versatile mixed-use property offers incredible income opportunities in a highly desirable location. On the first level, there are two commercial spaces: one previously used as a hair salon and the other currently rented for $1,400/month. The second level features two newly renovated 3-bedroom apartments, both boasting fresh paint and new flooring. One unit is currently rented under market value to excellent tenants for $1,700/month, while the other is rented for $2,000. Both residential and commercial units have separate meters, providing ease of management. The property also includes new water heaters and a full unfinished basement, offering extra storage or expansion potential. With great tenants in place and an unbeatable location, this property is a smart investment with plenty of upside.
  1. Listed by ALEX MONACO • RE/MAX INSTYLE

Property Details for 357 Avon Avenue

Directions
Google Maps
Days On Market
96
LISTING UPDATED: 12/05/2024 03:39 PM

Property Details for 357 Avon Avenue

StatusActive
MLS #3924763
Days on Market99
Taxes$7,232 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeFourplex
MLS TypeMulti Family / Fourplex
Year Built1900
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Building Information for 357 Avon Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF

Property Information for 357 Avon Avenue

Summary
Location and General Information
  • Active Days on Market: 94
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 2630
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 357.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Avon Ave
  • Zip Code: 07108-1309
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,232
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 218300.0
  • Tax ID For Property: 1614-02630-0000-00037-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: None
  • # Garage Spaces: 0
  • Garage Description: None
Property
Lot Information
  • Lot Identifier: 37
  • Approximate Lot Size: 36X77.1
  • Total Acres: 0.06
  • Construction Date/Year Built: 1900
  • Construction Date/Year Built Des: Unknown
Property and Assessments
  • Assessment Bldg: 162200.0
  • Assessment Land: 56100.0
Utilities
  • Cooling: Central Air
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: Baseboard - Hotwater, Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick/Block
Interior Features
  • Roof Description: See Remarks
  • Basement: Yes
  • Basement Description: Unfinished
  • 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: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 2000.0
  • Unit 1 Room Description: Bedrooms, See Remarks
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 2000.0
  • Unit 1 Sq Ft: 0.0
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: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1700.0
  • Unit 2 Room Description: Bedrooms, See Remarks
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1700.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 0
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, See Remarks
  • Unit 3 Rooms: 1.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: See Remarks
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 0
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 4.0
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 4 Rent: 1400.0
  • Unit 4 Room Description: Bedrooms, See Remarks
  • Unit 4 Rooms: 1.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: Fourplex
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 357 Avon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 357 Avon Avenue

Taxable ValueLand$56,100Additions$162,200Total$218,300
Tax Record2023$7,232 ($603 / month)
Home Facts
Total Finished SqFt875 SqFtAbove Grade Finished SqFt875 SqFtStories2Lot Size2,775 SqFtStyleMiscellaneous CommercialCountyESSEXAPN14 02630-0000-00037

Schools near 357 Avon Avenue

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
Hawthorne Avenue Elementary School
PublicPK to 8

Belmont-Runyon Elementary School
PublicPK to 8

Louise A. Spencer Elementary School
PublicPK to 8

South Seventeenth Street 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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357 Avon Avenue is for sale in Newark, NJ 07108. This property was listed for sale on September 16, 2024 by RE/MAX INSTYLE, it's currently listed at $600,000. It has been on the market for a total of 99 days and was last sold on March 23, 2023. This listing's school district is The Newark Public School District. Nearby schools include Hawthorne Avenue Elementary School, Belmont-Runyon Elementary School and Louise A. Spencer Elementary School. 357 Avon Avenue is a 6-bed, 5.5-bath, built in 1900.

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 RE/MAX INSTYLE, ALEX MONACO

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: 12/25/2024 02:39 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: 12/25/2024 02:39 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.