by RHP Realty

Check Availability
$799,000
Multifamily - For Sale

55-57 3rd Street

Newark, NJ 07107
bedrooms
9 Beds
bathrooms
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
Kerwin D. Lynch
RE/MAX First Realty II
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
9 Beds
5 Baths
-
$750,000 Dec 26, 2023
$750,000 Dec 26, 2023
$763/mo
Multifamily
9 Beds
3 Baths
-
$688,000 Aug 16, 2023
$688,000 Aug 16, 2023
$512/mo
Multifamily
8 Beds
6 Baths
-
$756,000 Dec 7, 2023
$756,000 Dec 7, 2023
$1,032/mo
Multifamily
8 Beds
5 Baths
-
$750,000 Oct 10, 2023
$750,000 Oct 10, 2023
$391/mo
Multifamily
8 Beds
5 Baths
-
$811,000 May 5, 2023
$811,000 May 5, 2023
$908/mo
Multifamily
8 Beds
4 Baths
-
$820,000 Oct 6, 2023
$820,000 Oct 6, 2023
$669/mo
Multifamily
9 Beds
5 Baths
-
$789,000 Sep 15, 2023
-
$833/mo
Multifamily
9 Beds
6 Baths
-
$825,000 Apr 30, 2023
-
$871/mo
Multifamily
9 Beds
-
-
$799,000 Jan 26, 2024
-
-
Multifamily
9 Beds
3 Baths
-
$689,999 Nov 30, 2023
-
$749/mo
Multifamily
9 Beds
3 Baths
-
$649,000 Oct 9, 2023
-
$656/mo
Multifamily
9 Beds
5 Baths
-
$647,000 Aug 16, 2023
-
$833/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

55-57 3rd Street 55-57 3rd Street, Newark, NJ 07107
  • 1 Unit for Sale
More about this Building
55-57 3rd Street
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About Fairmount


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