134 Palm Street

Newark, NJ 07106

$650,000
Price
7
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by ALNAZIR BLACKMAN • SIGNATURE REALTY NJ

Property Details for 134 Palm Street

Directions
Google Maps
Days On Market
17

Location

Listing Courtesy of SIGNATURE REALTY NJ, ALNAZIR BLACKMAN
Add your commute
LISTING UPDATED: 05/30/2024 08:39 AM

Property Details for 134 Palm Street

StatusActive
MLS #3901411
Days on Market19
Taxes$8,115 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built2003
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Listing Courtesy of SIGNATURE REALTY NJ, ALNAZIR BLACKMAN
Add your commute

Building Information for 134 Palm Street

Stories-Residences2Year Built2003Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,224 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$676

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 134 Palm Street

Summary
Location and General Information
  • Active Days on Market: 17
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 4199
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 134.0
  • # Parking Spaces: 2
  • County Or Parish: Essex
  • Street Name: Palm St
  • Zip Code: 07106-1100
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,115
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 217700.0
  • Tax ID For Property: 1614-04199-0000-00143-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
Property
Lot Information
  • Lot Identifier: 143
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 2003
  • Construction Date/Year Built Des: Historical
Property and Assessments
  • Assessment Bldg: 201400.0
  • Assessment Land: 16300.0
  • Attorney Review in Progress: *
Utilities
  • Cooling: Central Air
  • Utilities: Electric
  • Water: Public Water
  • Heating: 2 Units
  • Fuel Type: Electric
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 3.0
  • Unit 1 Bedrooms: 4
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 4000.0
  • Unit 1 Room Description: Dining Room, Kitchen, Living Room, Living/Dining Room, Master Bedroom, Storage
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 2000.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Dining Room, Kitchen, Living Room, Living/Dining Room, Master Bedroom
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 1200.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $9,999.00
  • Net Operating Income: $9,999.00
  • Gross Operating Income: $9,999.00

Property History for 134 Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 134 Palm Street

Taxable ValueLand$16,300Additions$201,400Total$217,700
Tax Record2022$8,133 ($678 / month)
Home Facts
Beds0Total Finished SqFt2,558 SqFtAbove Grade Finished SqFt2,558 SqFtLot Size2,500 SqFtStyleSingle Family ResidenceYear Built2003CountyESSEXAPN14 04199-0000-00143

Schools near 134 Palm Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Lincoln Elementary School
PublicPK to 8

Newark Early College High School
Public6 to 12

Speedway Academies
PublicK to 8

Ivy Hill Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

134 Palm Street is a multi-family home for sale in Newark, NJ 07106. This property was listed for sale on May 13, 2024 by SIGNATURE REALTY NJ, it's currently listed at $650,000. It has been on the market for a total of 19 days and was last sold on April 30, 2003. This listing's school district is The Newark Public School District. Nearby schools include Lincoln Elementary School, Newark Early College High School and Speedway Academies. 134 Palm Street is a 7-bed, 5-bath, multi-family home built in 2003.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SIGNATURE REALTY NJ, ALNAZIR BLACKMAN

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 06/01/2024 03:09 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.