$799,000
●
Multifamily -
For Sale
55-57 3rd Street
Newark, NJ 07107
9 Beds
4 Baths
$4,705
Estimated Monthly
$0
HOA / Fees
16.85%
Cap Rate
About This Property
DISCOVER AN INVESTMENT GEM IN NEWARK'S VIBRANT LANDSCAPE. THIS
UNIQUE NON-CONFORMING 3-FAM BOASTS 9 BDS, W/ EACH UNIT OFFERING 3
BDS. THE TOP FLOOR STANDS OUT BEING TASTEFULLY UPDATED, FEATURING
NEW FLOORING, FRESHLY PAINTED INTERIORS, AND CHIC TILED BATHROOMS
W/ NEW VANITIES, & PRIMARY BATH, AND BALCONY ACCESS THROUGH SLIDING
DOORS. ENJOY THE CONVENIENCE OF SEPARATE UTILITIES. OUTSIDE, A
SPACIOUS DRIVEWAY ACCOMMODATES 4+ CARS, COMPLEMENTED BY 5 DETACHED
GARAGES. THE BASEMENT ADDS EXTRA SPACE FOR VARIOUS PURPOSES. BEYOND
THE PROPERTY, IMMERSE YOURSELF IN THE VIBRANT NEIGHBORHOOD.
CONVENIENTLY LOCATED, THIS RESIDENCE IS A STONE'S THROW AWAY FROM
LOCAL AMENITIES, SCHOOLS, AND TRANSPORTATION HUBS. THE OWNER IS IN
THE PROCESS OF EXPLORING THE CONVERSION TO A LEGAL 3-FAMILY, A
POTENTIAL VALUE ADDITION FOR THE DISCERNING BUYER. THE PROPERTY IS
BEING SOLD IN AS-IS CONDITION AND AS A LEGAL 2 FAMILY HOME. DON'T
MISS THE CHANCE TO OWN THIS VERSATILE PROPERTY IN A THRIVING
COMMUNITY!
Unit Size
-
Days on Market
96 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$781
HOA Dues
-
Year Built
1882
Listed By
Last updated: 4 months ago (NJMLS #24002946)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 26, 2024 | Listed by RE/MAX First Realty II | $799,000 | |
Listed by RE/MAX First Realty II | |||
Nov 8, 2023 | Sold | $550,000 | |
Sold |
Property Highlights
Garage
Parking Details
Detached
Interior Details
Bedroom Information
Bedrooms: 9
Bathroom Information
Bathrooms: 4
Room Information
Total Rooms: 15
Fireplace Information
None
Basement Information
Full
Exterior Details
Property Information
View: None
Building Information
Year Built: 1950's, Renovated, 2020's
Financial Details
Tax: $9,377
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
9
Beds
5
Baths
-
$750,000
Dec 26, 2023
$750,000
Dec 26, 2023
$763/mo
Sold
Multifamily
9
Beds
3
Baths
-
$688,000
Aug 16, 2023
$688,000
Aug 16, 2023
$512/mo
Sold
Multifamily
8
Beds
6
Baths
-
$756,000
Dec 7, 2023
$756,000
Dec 7, 2023
$1,032/mo
Sold
Multifamily
8
Beds
5
Baths
-
$750,000
Oct 10, 2023
$750,000
Oct 10, 2023
$391/mo
Sold
Multifamily
8
Beds
5
Baths
-
$811,000
May 5, 2023
$811,000
May 5, 2023
$908/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|