Listed by: Raeemah Redd, [email protected], EXP Realty, LLC, (866) 201-6210, Listing Courtesy of NJMLS
$525,000
●
House -
Off Market
151-153 Grumman Avenue
Newark, NJ 07112
4 Beds
3 Baths
$3,010
Est. Monthly
5.18%
Cap Rate
About This Property
Welcome to this newly renovated 4-bed, 3-bath home nestled in the
sought-after Weequahic section of Newark. This colonial residence
features a finished basement, offering extra space for recreation
or relaxation. Inside, enjoy a seamless blend of design & comfort,
with a spacious layout, upscale finishes, & amenities throughout.
The open kitchen boasts premium appliances & sleek countertops.
Retreat to your master suite with en-suite bathroom for comfort &
privacy. Step outside to your patio and entertain guests in the
landscaped backyard. With its prime location near parks, hospitals,
and transportation, this home offers the perfect combination of
style & convenience. Don't miss out, it will not last!
Unit Size
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Days on Market
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Price per sqft
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Property Type
House
Property Taxes
$432
HOA Dues
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Year Built
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (NJMLS #24004967)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | In contract | - | |
| In contract | |||
| Feb 19, 2024 | Listed by EXP Realty, LLC | $499,999 | |
| Listed by EXP Realty, LLC | |||
| Nov 20, 2023 | Sold | ||
| Sold | |||
| Nov 20, 2023 | Listed by RE/MAX First Realty II | $360,000 | |
| Listed by RE/MAX First Realty II | |||
| | |||
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Investment opportunity to restore a large colonial 3 bedroom, 1 bathroom, with lots of off street parking & low taxes located in Newark, awaits your creative touch. Close to all modes of public transportation & minutes away from I-78 & Garden State Pkwy this home provides an easy commute to New York. The location is ideal & with your vision & efforts, this project can become a home. This property is sold 100% AS-IS with buyers taking all responsibility for township C/O and all requirements. Seller makes no representation as to property condition. The seller has no knowledge as to the condition of the interior. The buyer is responsible for all city inspections. No offers under the list price will be entertained only direct buyers no wholesalers please. This Property is required to have short sale approval by the lender.
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About Weequahic
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Listed by: Raeemah Redd
EXP Realty, LLC
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24004967
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked 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.
EXP Realty, LLC
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24004967
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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