426 3rd Avenue West

Newark, NJ 07107

$649,500
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling All Investors! Welcome to an exceptional investment opportunity in the heart of Newark, NJ! This recently renovated multifamily property located at 426-428 3rd Ave West offers a lucrative option for both investors and homeowners looking to generate rental income. Situated on a residential street, this property boasts modern amenities, ample parking, and a charming backyard, making it an ideal choice for those seeking a profitable real estate venture. Enjoy the outdoors in the property's charming...Calling All Investors! Welcome to an exceptional investment opportunity in the heart of Newark, NJ! This recently renovated multifamily property located at 426-428 3rd Ave West offers a lucrative option for both investors and homeowners looking to generate rental income. Situated on a residential street, this property boasts modern amenities, ample parking, and a charming backyard, making it an ideal choice for those seeking a profitable real estate venture. Enjoy the outdoors in the property's charming backyard, perfect for relaxing or entertaining during warmer months. The space offers a private retreat in the midst of the city, adding value and appeal to the property. Income Potential With a great rent roll already in place, this property offers immediate income potential for investors with a full finish basement and attic. Alternatively, buyers can choose to live in one unit and rent out the other, providing an opportunity to offset mortgage expenses and build equity. Don't Miss Out! This meticulously maintained multifamily property offers a rare chance to invest in Newark's thriving real estate market. Whether you're an experienced investor or a first-time buyer looking to maximize your investment, 426-428 3rd Ave West presents a compelling opportunity. Schedule a showing today and discover the potential of this turnkey investment property! More Photo's to Come!
  1. Listed by SIMONE JELKS-BANDISON • COLDWELL BANKER REALTY
  2. Listed by MARIA MCEWEN • COLDWELL BANKER REALTY

Property Details for 426 3rd Avenue West

Directions
Park to N 9th to 3rd Ave West/ West Market-Roseville Ave to 3rd Ave West
Days On Market
19

Location

Listing Courtesy of COLDWELL BANKER REALTY, SIMONE JELKS-BANDISON; COLDWELL BANKER REALTY, MARIA MCEWEN
Add your commute
LISTING UPDATED: 06/13/2024 03:02 PM

Property Details for 426 3rd Avenue West

StatusActive
MLS #3903854
Days on Market23
Taxes$9,364 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1926
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Location

Listing Courtesy of COLDWELL BANKER REALTY, SIMONE JELKS-BANDISON; COLDWELL BANKER REALTY, MARIA MCEWEN
Add your commute

Building Information for 426 3rd Avenue West

Stories-Residences2Year Built1926Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$4,325 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,545

Property Taxes

$780

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 426 3rd Avenue West

Summary
Location and General Information
  • Active Days on Market: 19
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 1945
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • # Parking Spaces: 2
  • County Or Parish: Essex
  • Street Name: 3rd Ave West
  • Zip Code: 07102
  • 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: $9,364
  • Zip Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 251200.0
  • Tax ID For Property: 1614-01945-0000-00002-0000-
  • 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, Blacktop, See Remarks
  • # Garage Spaces: 2
  • Garage Description: Attached Garage
Property
Lot Information
  • Lot Identifier: 2
  • Approximate Lot Size: 40X100
  • Total Acres: 0.09
  • Construction Date/Year Built: 1926
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 202400.0
  • Assessment Land: 48800.0
  • Attorney Review in Progress: *
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Water: Public Water
  • Heating: See Remarks
  • Fuel Type: See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Composition Shingle, Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle, See Remarks
  • Basement: Yes
  • Basement Description: Finished, Full
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas
  • 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: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 999.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room, Pantry, See Remarks
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 999.0
  • Unit 1 Sq Ft: 999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas
  • 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
  • Unit 2 Rent: 999.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 999.0
  • Unit 2 Sq Ft: 999.0
Unit 3 Information
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $999.00
  • Net Operating Income: $999.00
  • Gross Operating Income: $999.00
Rental
Rental Information
  • Home Warranty: false

Property History for 426 3rd Avenue West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 426 3rd Avenue West

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - K to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Salome Urena Elementary School
PublicPK to 6

Dr. William H. Horton Elementary School
PublicK to 8

Barringer High School
Public9 to 12

First Avenue 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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Similar Sold Homes

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426 3rd Avenue West is a multi-family home for sale in Newark, NJ 07107. This property was listed for sale on May 25, 2024 by COLDWELL BANKER REALTY, it's currently listed at $649,500. This listing's school district is The Newark Public School District. Nearby schools include Salome Urena Elementary School, Dr. William H. Horton Elementary School and Barringer High School. 426 3rd Avenue West is a 8-bed, 4-bath, multi-family home built in 1926.

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 COLDWELL BANKER REALTY, SIMONE JELKS-BANDISON; COLDWELL BANKER REALTY, MARIA MCEWEN

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 06/17/2024 06:25 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.