55-57 3rd Street

Newark, NJ 07104

$799,000
Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover an investment gem in newark's vibrant landscape. This unique non-conforming 3-fam boasts 9 bds, w/ each unit offering 3 bds. The top floor stands out being tastefully updated, featuring new flooring, freshly painted interiors, and chic tiled bathrooms w/ new vanities, & primary bath, and balcony access through sliding doors. Enjoy the convenience of separate utilities. Outside, a spacious driveway accommodates 4+ cars, complemented by 5 detached garages. The basement adds extra space for...Discover an investment gem in newark's vibrant landscape. This unique non-conforming 3-fam boasts 9 bds, w/ each unit offering 3 bds. The top floor stands out being tastefully updated, featuring new flooring, freshly painted interiors, and chic tiled bathrooms w/ new vanities, & primary bath, and balcony access through sliding doors. Enjoy the convenience of separate utilities. Outside, a spacious driveway accommodates 4+ cars, complemented by 5 detached garages. The basement adds extra space for various purposes. Beyond the property, immerse yourself in the vibrant neighborhood. Conveniently located, this residence is a stone's throw away from local amenities, schools, and transportation hubs. The owner is in the process of exploring the conversion to a legal 3-family, a potential value addition for the discerning buyer. The property is being sold in as-is condition and as a legal 2 family home. Don't miss the chance to own this versatile property in a thriving community!
  1. Listed by Kerwin D. Lynch • RE/MAX First Realty II • (908) 664-1500

Property Details for 55-57 3rd Street

Style
3 Family
Sub style
Top/Btm
Waterfront
None
Garage
Detached

Location

Listing Courtesy of RE/MAX First Realty II, Kerwin D. Lynch
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LISTING UPDATED: 04/03/2024 01:58 PM

Property Details for 55-57 3rd Street

StatusActive - Atty Revu
MLS #24002946
Days on Market94
Taxes$9,377 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size-
CountyEssex County

Location

Listing Courtesy of RE/MAX First Realty II, Kerwin D. Lynch
Add your commute

Payment Calculator

$5,142 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,360

Property Taxes

$781

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 55-57 3rd Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: 3rd
  • County Name: ESSEX
  • Status: ACTIVE
  • Zip Code: 07107
Taxes and HOA Information
  • Tax: $9,377
Owner
  • Ownership: Private
Property
Lot Information
  • Lot: 00036
  • Year Built: 1950's, Renovated, 2020's
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 01878
Property and Assessments
  • Photo: Y
  • Photo Number: 12
  • CourtAppYN: Yes
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Heatcool: Baseboard, Gas, Hot Water
  • Cooling Type: Baseboard, Gas, Hot Water
Interior and Exterior Features
Interior Features
  • Bedrooms: 9
  • Baths full: 4
  • Baths partial: 0
  • Floor 1St: Open Concept Living/Dining/Kitchen, Bedrooms, Primary Bedroom, Bath
  • Floor 2Nd: Open Concept Living/Dining/Kitchen, Bedrooms, Primary Bedroom, Bath
  • Floor 3Rd: O/Concept Liv/Din/Kitch, Bedrooms, Main Bath, Primary Bedroom & Bath
  • Basement: Full
  • Basement Description: Full
  • Number of rooms: 15
  • Laundry: None
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Full Baths Total: 4
  • Num of Baths: 4.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $799,000.00
  • Listing Date: 01-26-2024
  • Status Date: 04-02-2024
  • Auction: *
Showing Information
  • Internet Remarks: DISCOVER AN INVESTMENT GEM IN NEWARK'S VIBRANT LANDSCAPE. THIS UNIQUE NON-CONFORMING 3-FAM BOASTS 9 BDS, W/ EACH UNIT OFFERING 3 BDS. THE TOP FLOOR STANDS OUT BEING TASTEFULLY UPDATED, FEATURING NEW FLOORING, FRESHLY PAINTED INTERIORS, AND CHIC TILED BATHROOMS W/ NEW VANITIES, & PRIMARY BATH, AND BALCONY ACCESS THROUGH SLIDING DOORS. ENJOY THE CONVENIENCE OF SEPARATE UTILITIES. OUTSIDE, A SPACIOUS DRIVEWAY ACCOMMODATES 4+ CARS, COMPLEMENTED BY 5 DETACHED GARAGES. THE BASEMENT ADDS EXTRA SPACE FOR VARIOUS PURPOSES. BEYOND THE PROPERTY, IMMERSE YOURSELF IN THE VIBRANT NEIGHBORHOOD. CONVENIENTLY LOCATED, THIS RESIDENCE IS A STONE'S THROW AWAY FROM LOCAL AMENITIES, SCHOOLS, AND TRANSPORTATION HUBS. THE OWNER IS IN THE PROCESS OF EXPLORING THE CONVERSION TO A LEGAL 3-FAMILY, A POTENTIAL VALUE ADDITION FOR THE DISCERNING BUYER. THE PROPERTY IS BEING SOLD IN AS-IS CONDITION AND AS A LEGAL 2 FAMILY HOME. DON'T MISS THE CHANCE TO OWN THIS VERSATILE PROPERTY IN A THRIVING COMMUNITY!

Property History for 55-57 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 55-57 3rd Street

Taxable ValueLand$23,900Additions$227,100Total$251,000
Tax Record2022$9,377 ($781 / month)
Home Facts
Beds0Total Finished SqFt3,936 SqFtAbove Grade Finished SqFt3,936 SqFtStories2Lot Size4,748 SqFtStyleSingle Family ResidenceYear Built1882CountyESSEXAPN14 01878-0000-00036

Schools near 55-57 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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Similar Sold Homes

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55-57 3rd Street is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on January 26, 2024 by RE/MAX First Realty II, it's currently listed at $799,000. It has been on the market for a total of 94 days and was last sold on October 31, 2023. 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. 55-57 3rd Street is a 9-bed, 4-bath, multi-family home.

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 First Realty II, Kerwin D. Lynch

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 04/29/2024 03:13 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.