137 Congress Street

Newark, NJ 07105

$815,000
Last Sold Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Lucrative, INCOME-PRODUCING opportunity for both investors and owner occupants! This 3-FAMILY property is located in Newark's coveted IRONBOUND section, only 5 blocks from Newark Penn/PATH station. Each unit features 3 bedrooms, 1 full bathroom, a spacious living room and well-equipped kitchen. The basement is FULLY FINISHED with two additional rooms that can serve a host of purposes, a 4TH FULL BATHROOM and a COIN-OPERATED LAUNDRY ROOM. Washer and dryer are included in the sale. The property easily...Lucrative, INCOME-PRODUCING opportunity for both investors and owner occupants! This 3-FAMILY property is located in Newark's coveted IRONBOUND section, only 5 blocks from Newark Penn/PATH station. Each unit features 3 bedrooms, 1 full bathroom, a spacious living room and well-equipped kitchen. The basement is FULLY FINISHED with two additional rooms that can serve a host of purposes, a 4TH FULL BATHROOM and a COIN-OPERATED LAUNDRY ROOM. Washer and dryer are included in the sale. The property easily pays for itself, and then some, with excellent, LONG-TERM TENANTS in place. The existing month-to-month leases allow for LANDLORD FLEXIBILITY and, it should be noted rents are below market value for the area. The building is equipped with 3 CENTRAL HVAC units, 4 GAS/ELECTRICAL METERS and 4 HOT WATER HEATERS installed in 2017. Utility company and city permits approved for SOLAR PANEL installation. Please note that these panels have been PURCHASED OUTRIGHT by the seller, not leased. The property is zoned, MX-1, for POTENTIAL MIXED USE purposes and can, therefore, house a COMMERCIAL BUSINESS on the first floor with RESIDENCES above! The possibilities are ENDLESS! All utilities, insurance, mortgage and tax payments are up to date with no liens on property. With the Ironbound section seeing recent expansion with newly established SCHOOLS in addition to clusters of appetizing RESTAURANTS and bakeries, there's no better neighborhood to INVEST and live in! Schedule a showing today!
  1. Listed by DAVID A SHAW • RE/MAX NEW MILLENNIUM GROUP

Property Details for 137 Congress Street

Directions
Lafayette Street to Congress Street
Days On Market
21
Section/Subdiv/Development
Ironbound

Location

Add your commute
LISTING UPDATED: 01/11/2024 03:02 AM

Property Details for 137 Congress Street

StatusSold
MLS #3807837
Days on Market21
Taxes$9,872 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1857
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Add your commute

Building Information for 137 Congress Street

Stories-Residences3Year Built1857Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$5,270 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,448

Property Taxes

$823

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 137 Congress Street

Summary
Location and General Information
  • Zoning: MX-1
  • Middle/Jr High School: ANN ST
  • Grade School: LAFAYETTE
  • High School: EAST SIDE
  • Active Days on Market: 21
  • Renovated Year: 2012
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 191
  • Listing Type: Exclusive Right to Sell
  • Color of Building: White
  • Town #: 1614.0
  • Street # Display: 137.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Congress St
  • Zip Code: 07105-1701
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $9,872
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 264400.0
  • Tax ID For Property: 1614-00191-0000-00017-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 17
  • Approximate Lot Size: 27X95
  • Total Acres: 0.06
  • Construction Date/Year Built: 1857
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 189900.0
  • Assessment Land: 74500.0
  • Farm Assessment: No
Utilities
  • Cooling: Central Air, See Remarks
  • Services: Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Forced Hot Air, See Remarks
  • Fuel Type: Electric,GasNatur,SolarOwn
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Finished, Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • 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: 1500.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Smoke Detector
  • 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: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1500.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1800.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: Triplex
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 137 Congress 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 137 Congress Street

Taxable ValueLand$74,500Additions$189,900Total$264,400
Tax Record2022$9,878 ($823 / month)
Home Facts
Beds0Total Finished SqFt3,564 SqFtAbove Grade Finished SqFt3,564 SqFtStories3Lot Size2,566 SqFtStyleSingle Family ResidenceYear Built1857CountyESSEXAPN14 00191-0000-00017

Schools near 137 Congress Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 3
Public - PK to 8
Rating
School
Distance
Lafayette Street Elementary School
PublicPK to 8

East Side High School
Public9 to 12

East Ward Elementary School
PublicPK to 3

Oliver Street 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

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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 RE/MAX NEW MILLENNIUM GROUP, DAVID A SHAW

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 05/06/2024 03:38 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.