261 Lake St

$575,000
Price
5
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover an exceptional opportunity with this well-kept 2-family home, perfectly situated in Newark's prestigious Forest Hill Neighborhood. This versatile property caters to a range of buyers, from savvy Investors to those seeking comfortable owner-occupancy or a strategic house-hacking situation. Enjoy the tranquility of the surrounding area, with easy access to the lush greenery of Branch Brook Park, and a private backyard for outdoor enjoyment. This property presents an outstanding chance to capitalize...Discover an exceptional opportunity with this well-kept 2-family home, perfectly situated in Newark's prestigious Forest Hill Neighborhood. This versatile property caters to a range of buyers, from savvy Investors to those seeking comfortable owner-occupancy or a strategic house-hacking situation. Enjoy the tranquility of the surrounding area, with easy access to the lush greenery of Branch Brook Park, and a private backyard for outdoor enjoyment. This property presents an outstanding chance to capitalize on a prime location and a home that is ready for many different living situations
  1. Listed by TAJ HAIRSTON • WEICHERT REALTORS

Property Details for 261 Lake Street

Directions
Bloomfield Ave to Lake Street
Days On Market
29
LISTING UPDATED: 08/24/2025 09:22 AM

Property Details for 261 Lake Street

StatusActive
MLS #3977750
Days on Market140
Taxes$3,396 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built2012
Lot Size0.05 AC / 2,178 SF
CountyEssex County

Location

Listing Courtesy of WEICHERT REALTORS, TAJ HAIRSTON
Add your commute

Building Information for 261 Lake Street

Stories-Residences2Year Built2012Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$3,124 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,841

Property Taxes

$283

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 261 Lake Street

Summary
Location and General Information
  • Address Included: Y
  • Active Days on Market: 29
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 540
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 261.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Lake St
  • Zip Code: 07104-1145
  • 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: $3,396
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 89300.0
  • Tax ID For Property: 1614-00540-0000-00040-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: See Remarks
Property
Lot Information
  • Lot Identifier: 40
  • Approximate Lot Size: 20.4X100
  • Total Acres: 0.05
  • Construction Date/Year Built: 2012
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 69300.0
  • Assessment Land: 20000.0
Utilities
  • Cooling: No Cool
  • Utilities: See Remarks
  • Water: Public Water
  • Heating: Baseboard - Electric
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick/Block
  • Exterior Features: Vinyl Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, High Ceilings
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Living/Dining Room, Pantry, Master Bedroom
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 917.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Living/Dining Room, Pantry, Master Bedroom
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 917.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 261 Lake Street

DateEvent & SourcePriceAppreciation
Jul 26, 2025

Listed (Active)

GSMLS #3977750

$575,000
DateEvent & SourcePrice
07/26/2025

Listed (Active)

GSMLS #3977750

$575,000

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

Public Records for 261 Lake Street

Taxable ValueLand$20,000Additions$69,300Total$89,300
Tax Record2024$3,396 ($283 / month)
Home Facts
Beds0Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories2Lot Size2,039 SqFtStyleSingle Family ResidenceYear Built1859CountyESSEXAPN14 00540-0000-00040

Schools near 261 Lake Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Dr. William H. Horton Elementary School
PublicPK to 8

Roberto Clemente Elementary School
PublicPK to 8

First Avenue Elementary School
PublicPK to 8

Franklin 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.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

261 Lake Street is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on July 26, 2025 by WEICHERT REALTORS, it's currently listed at $575,000. This listing's school district is The Newark Public School District. Nearby schools include Dr. William H. Horton Elementary School, Roberto Clemente Elementary School and First Avenue Elementary School. 261 Lake Street is a 5-bed, 2-bath, multi-family home built in 2012.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WEICHERT REALTORS, TAJ HAIRSTON

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked 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. All information deemed reliable but not guaranteed. Last date updated: 12/13/2025 03:58 PM. Source: New Jersey Multiple Listing Service, Inc. © 2025 New Jersey Multiple Listing Service, Inc. All rights. 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: 12/13/2025 03:58 PM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.