48 1/2 3rd Street

Newark, NJ 07107

$550,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to your new investment opportunity, two family home in the heart of Newark, just moments away from University Heights! This charming two-family house boasts LOW TAXES and a prime location, making it an ideal choice for savvy buyers. The first floor offers a comfortable living arrangement with two spacious bedrooms, a cozy living-dining room area, and a convenient full bathroom. Upstairs, the second floor impresses with its expansive living room and dining area, perfect for hosting gatherings...Welcome to your new investment opportunity, two family home in the heart of Newark, just moments away from University Heights! This charming two-family house boasts LOW TAXES and a prime location, making it an ideal choice for savvy buyers. The first floor offers a comfortable living arrangement with two spacious bedrooms, a cozy living-dining room area, and a convenient full bathroom. Upstairs, the second floor impresses with its expansive living room and dining area, perfect for hosting gatherings or relaxing in style. With four massive bedrooms, this floor provides ample space for everyone to enjoy. Plus, its proximity to all public transportation options ensures easy access to the city's amenities and attractions. Don't miss out on this opportunity to own a piece of Newark's thriving community " schedule your showing today!
  1. Listed by AMI YAZMIN CRUZ • EXP REALTY, LLC
  2. Listed by GABRIEL GARCES

Property Details for 48 1/2 3rd Street

Directions
Sussex Avenue to Third Avenue
Days On Market
8

Location

Listing Courtesy of EXP REALTY, LLC, AMI YAZMIN CRUZ
Add your commute
LISTING UPDATED: 05/02/2024 12:07 PM

Property Details for 48 1/2 3rd Street

StatusActive
MLS #3898027
Days on Market13
Taxes$5,793 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1920
Lot Size0.04 AC / 1,742 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, AMI YAZMIN CRUZ
Add your commute

Building Information for 48 1/2 3rd Street

Stories-Residences2Year Built1920Building Size-Lot Size0.04 AC / 1,742 SF

Payment Calculator

$3,484 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$483

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 48 1/2 3rd Street

Summary
Location and General Information
  • Active Days on Market: 8
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 1877
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 48.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: 1/2 3rd St
  • Zip Code: 07107-3143
  • 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: $5,793
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 155400.0
  • Tax ID For Property: 1614-01877-0000-00017-0000-
  • 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: On-Street Parking
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Identifier: 17
  • Approximate Lot Size: 16.03 X 95
  • Total Acres: 0.04
  • Construction Date/Year Built: 1920
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 136800.0
  • Assessment Land: 18600.0
Utilities
  • Cooling: Central Air
  • Utilities: See Remarks
  • Water: Public Water
  • Heating: 2 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • 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, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • 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: Bedrooms, Kitchen, Living/Dining Room
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 48 1/2 3rd 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 48 1/2 3rd Street

Taxable ValueLand$18,600Additions$136,800Total$155,400
Tax Record2022$5,806 ($484 / month)
Home Facts
Beds0Total Finished SqFt2,800 SqFtAbove Grade Finished SqFt2,800 SqFtLot Size1,525 SqFtStyleSingle Family ResidenceYear Built1920CountyESSEXAPN14 01877-0000-00017

Schools near 48 1/2 3rd 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 1
Public - PK to 8
Rating
School
Distance
Sussex Avenue Elementary School
PublicPK to 8

Barringer Academy Of S.T.E.A.M.
Public9 to 12

Sir Isaac Newton Elementary School
PublicPK to 1

Camden 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.

Similar Homes

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48 1/2 3rd Street is a multi-family home for sale in Newark, NJ 07107. This property was listed for sale on April 24, 2024 by EXP REALTY, LLC, it's currently listed at $550,000. This listing's school district is The Newark Public School District. Nearby schools include Sussex Avenue Elementary School, Barringer Academy Of S.T.E.A.M. and Sir Isaac Newton Elementary School. 48 1/2 3rd Street is a 6-bed, 3-bath, multi-family home built in 1920.

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 EXP REALTY, LLC, AMI YAZMIN CRUZ

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 05/07/2024 06:38 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.