You now have an unbelievable chance to become the owner of this two-unit multi-family property! Spacious bedrooms, large living rooms and $4,000/month in rental income are just a few of the highlights. When you walk into each unit you are greeted with a large living room area. Couple steps down and you walk into your open concept kitchen and dining room area. Down the hall you will walk past two generously sized bedrooms to enter the large master bedroom with an accompanying master bathroom. Not to mention this property is currently generating $4,000/month in rental income from just one of the units! While still having room for an owner-occupant to move into the renovated second floor unit. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 15 minutes from Newark Penn Station. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.
Property Details
Property Features
Property Information:
Architectural Style: 3-Three Story
Year Built: 2003
Listing Office:
Office Name: SIGNATURE REALTY NJ
Office Phone: (973) 921-1111
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 7
Exterior Features
Parking Information:
Parking: 1 Car Width
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Multi Unit(s), Electric
Cooling: Central Air
School Info
Assigned Schools Information:
Central High School, Public District Grades 9-12
Barringer High School, Public District Grades 9-12
Weequahic High School, Public District Grades 9-12
Lincoln Elementary School, Public District Grades PK-8
Other
Directions Information:
Directions: Google Maps
Price Information
Listing Price Info
Price Summary:
List Price: $650,000
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Housing Market Comparison
See how this home compares to others in Newark, NJ.
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The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/23/2024, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Lincoln Elementary School
87 Richelieu Ter
Distance between this listing and this school0.65 miles
Public District Grades PK-8
High School
1
/10
Central High School
250 18th Ave
Distance between this listing and this school2.44 miles
Public District Grades 9-12
1
/10
Barringer High School
90 Parker St
Distance between this listing and this school2.61 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.90 miles
Public District Grades 9-12
Assigned Schools
3
/10
Lincoln Elementary School
87 Richelieu Ter
Distance between this listing and this school0.65 miles
Public District Grades PK-8
Nearby Schools
4
/10
Langston Hughes Elementary School
160 Rhode Island Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-5
2
/10
Speedway Avenue School
701 South Orange Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-8
Nearby Schools
4
/10
Benjamin Banneker Academy
500 S Clinton St
Distance between this listing and this school0.23 miles
Public District Grades PK-8
6
/10
Pride Academy Charter School
117 Elmwood Ave
Distance between this listing and this school0.56 miles
Public Charter Grades 5-8
7
/10
Heywood Avenue Elementary School
421 Heywood Ave
Distance between this listing and this school1.03 miles
Public District Grades PK-7
Assigned Schools
1
/10
Central High School
250 18th Ave
Distance between this listing and this school2.44 miles
Public District Grades 9-12
1
/10
Barringer High School
90 Parker St
Distance between this listing and this school2.61 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.90 miles
The neighbors living near this home have an average income of $32,734. The most common annual income of people living in Newark, NJ is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
This home is located at 134 Palm St in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home, which was built in 2003, sits on a 0.06 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $650,000.
In April 2024 in Newark, NJ there were 25.9% more homes for sale than in March 2024. In April 2024, listings were on the market for 93 days. During the same period, the median list price in this real estate market was $453,000.
From Rocket Homes Real Estate and based on county public records data.