Properties

Description

Spacious and income-producing two-family home located in Newark's desirable Fairmount neighborhood, offering an excellent opportunity for both owner-occupants and investors - ideal for buyers looking to offset their mortgage with rental income. This well-maintained property features two oversized units with a total of 6 bedrooms and 2 full bathrooms, plus a fully finished basement providing additional flexible living space. The first unit offers 3 bedrooms and 2 full bathrooms, including a finished lower level with bonus rooms and a separate entrance. The second unit features an expansive 3-bedroom, 2-bath layout with a finished attic, providing additional usable space. Additional highlights include hardwood, vinyl, and tile flooring throughout, laundry area and ample storage spaces, private balcony space, and separate utilities. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile multi-family property offers space, functionality, and long-term value in a prime Newark location. Eligible buyers may qualify for down payment and closing cost assistance programs, enhancing overall affordability.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Basement : Full, Finished
  • Roof Deck : Asphalt Shingle
  • Parking Description: On-Street Parking
  • Tax Assessed Valuation: 142200
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: COMPASS NEW JERSEY LLC
  • Office MLS ID: 550205
  • Agent ID: 301377
  • Tax: 5686
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$615,000

58 11Th Ave, Newark City, *

  • SQFT 25 Acre
  • Bedroom 6
  • Built Year 1897

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5458162
  • Price: $615,000
  • Bedrooms: 6
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1897
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: 11Th Ave
  • Street Number: 58
  • Street Direction: 11th Ave W and S 7th St
  • Floor Number: 0
  • Longitude: W75° 48' 17.8''
  • Latitude: N40° 44' 45.6''
  • Internet Display Address: Yes
Property