Properties

Description

Welcome to the classic Weequahic Section. Unmatched investment potential awaits in this prime corner lot two-famly home situated just one block away from the iconic Beth Israel Medical Center. Offering a fantastic opportunity for investors or savvy own occupant buyers looking to customize, the property features a unique two-level upper unit layout with abundant space and natural light coming through oversized bay windows. While the home requires cosmetic updates and TLC throughout to really shine its absolute best, its functional footprint, private driveway, huge wrap around porch, desirable corner positioning, and unbeatable proximity to local healthcare facilities, highway access, downtown Newark locations present a solid canvas for transformation. Schedule an appointment, bring your vision, contractor, or design ideas to unlock the full equity and rental income potential of this promising multi-family asset. Ask about special attractive financing rates to take advantage for this neighborhood. Buyer responsible for any and all town requirements (smoke and CO).

Features

  • Heating System : 2 Units
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking : 3
  • Parking Description: Driveway-Exclusive, Off-Street Parking, On-Street
  • Interior Features: Wood Floors
  • Exterior Features: Curbs
  • Lot Description: Corner
  • Tax Assessed Valuation: 220700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas In Street

Additional Info

  • Office Name: BHHS FOX & ROACH
  • Office MLS ID: 000341
  • Agent ID: 249761
  • Tax: 8825
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$550,000

197 Weequahic Ave, Newark City, *

  • SQFT 58 Acre
  • Bedroom 6
  • Built Year 1897

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5466978
  • Price: $550,000
  • Bedrooms: 6
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1897
  • Year Built Description: Approximate
  • Lot Area: 58 Acre
  • Status: Active
  • Days On Market: 4

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: Weequahic
  • Street: Weequahic Ave
  • Street Number: 197
  • Street Direction: Lyons Avenue to Maple or Clinton Place to Weequahi
  • Floor Number: 0
  • Longitude: W75° 47' 7.8''
  • Latitude: N40° 42' 34.2''
  • Unit Number: 2
  • Internet Display Address: No
Property