488 South 11th Street

Newark, NJ 07103

$649,000
Price
9
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this fantastic opportunity in Newark, NJ! This well-maintained 3-family home offers the perfect balance of investment potential and comfortable living arrangements. Conveniently located in Newark,NJ, this property provides easy access to schools, shopping centers, public transportation and major highways. Each unit offers LR/DR, EIN, Bath, 3 bedrooms, plus bonus den/ Nursery room. In addition, tons of storage space in basement! Take advantage of Newark's thriving rental market and potential...Welcome to this fantastic opportunity in Newark, NJ! This well-maintained 3-family home offers the perfect balance of investment potential and comfortable living arrangements. Conveniently located in Newark,NJ, this property provides easy access to schools, shopping centers, public transportation and major highways. Each unit offers LR/DR, EIN, Bath, 3 bedrooms, plus bonus den/ Nursery room. In addition, tons of storage space in basement! Take advantage of Newark's thriving rental market and potential for long-term appreciation, making this property a solid investment choice.
  1. Listed by MELINA SALAZAR • KELLER WILLIAMS VILLAGE SQUARE

Property Details for 488 South 11th Street

Directions
Turn left onto Springfield Ave and right onto S 11th St
Days On Market
21

Location

Listing Courtesy of KELLER WILLIAMS VILLAGE SQUARE, MELINA SALAZAR
Add your commute
LISTING UPDATED: 04/24/2024 02:06 PM

Property Details for 488 South 11th Street

StatusUnder Contract
MLS #3893724
Days on Market21
Taxes$11,254 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1950
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Listing Courtesy of KELLER WILLIAMS VILLAGE SQUARE, MELINA SALAZAR
Add your commute

Building Information for 488 South 11th Street

Stories-Residences3Year Built1950Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,480 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,542

Property Taxes

$938

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 488 South 11th Street

Summary
Location and General Information
  • Active Days on Market: 21
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 288
  • Listing Type: Exclusive Agency
  • Town #: 1614.0
  • Street # Display: 488.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: S 11th St
  • Zip Code: 07103-1803
  • 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: $11,254
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 301900.0
  • Tax ID For Property: 1614-00288-0000-00042-0000-
  • 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
Property
Lot Information
  • Lot Identifier: 42
  • Approximate Lot Size: 23.11X119.11
  • Total Acres: 0.06
  • Construction Date/Year Built: 1950
Property and Assessments
  • Assessment Bldg: 268400.0
  • Assessment Land: 33500.0
Utilities
  • Cooling: Wall A/C Unit(s)
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • 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: 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: 0.0
  • Unit 1 Room Description: Bedrooms, Den, Eat-In Kitchen, Living/Dining Room
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 560.0
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: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1850.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 2775.0
  • Unit 2 Sq Ft: 560.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • 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: 1750.0
  • Unit 3 Room Description: Bedrooms, Den, Eat-In Kitchen, Living/Dining Room
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 2625.0
  • Unit 3 Sq Ft: 560.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $3,000.00
  • Net Operating Income: $3,000.00
  • Gross Operating Income: $6,000.00

Property History for 488 South 11th 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 488 South 11th Street

Taxable ValueLand$33,500Additions$268,400Total$301,900
Tax Record2022$11,279 ($940 / month)
Home Facts
Beds0Total Finished SqFt3,000 SqFtAbove Grade Finished SqFt3,000 SqFtStories3Lot Size2,753 SqFtStyleSingle Family ResidenceYear Built1905CountyESSEXAPN14 00288-0000-00042

Schools near 488 South 11th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Harriet Tubman Elementary School
PublicPK to 7

West Side High School
Public9 to 12

Camden Street Elementary School
PublicPK to 8

Cleveland 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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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 KELLER WILLIAMS VILLAGE SQUARE, MELINA SALAZAR

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