Properties

Description

Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won't want to miss!

Features

  • Heating System : Baseboard - Hotwater
  • Cooling System : Window A/c(s)
  • Basement : Finished-partially
  • Roof Deck : See Remarks
  • Parking Description: None
  • Tax Assessed Valuation: 139200
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: KELLER WILLIAMS - NJ METRO GROUP
  • Office MLS ID: 4129
  • Agent ID: 299458
  • Tax: 5566
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$650,000

196 Sussex Ave, Newark City, *

  • SQFT 27 Acre
  • Bedroom 7
  • Built Year 1887

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5426008
  • Price: $650,000
  • Bedrooms: 7
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1887
  • Year Built Description: Approximate
  • Lot Area: 27 Acre
  • Status: Active
  • Days On Market: 17

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Sussex Ave
  • Street Number: 196
  • Street Direction: Google Maps
  • Floor Number: 0
  • Longitude: W75° 48' 57.6''
  • Latitude: N40° 44' 53.1''
  • Internet Display Address: Yes
Property