56-58 Shaw Avenue

Newark, NJ 07112

$499,999
Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent Investment Opportunity in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen....Excellent Investment Opportunity in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! Showings begin Saturday 4/27
  1. Listed by Robert Dekanski • RE/MAX 1st Advantage • (732) 382-0200
  2. Listed by Jusuf Budzaku • RE/MAX 1st Advantage

Property Details for 56-58 Shaw Avenue

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

Location

Listing Courtesy of RE/MAX 1st Advantage, Robert Dekanski; RE/MAX 1st Advantage, Jusuf Budzaku
Add your commute
LISTING UPDATED: 05/03/2024 01:08 PM

Property Details for 56-58 Shaw Avenue

StatusActive - Atty Revu
MLS #24012527
Days on Market8
Taxes$6,478 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size0.10 AC / 4,212 SF
CountyEssex County

Location

Listing Courtesy of RE/MAX 1st Advantage, Robert Dekanski; RE/MAX 1st Advantage, Jusuf Budzaku
Add your commute

Building Information for 56-58 Shaw Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.10 AC / 4,212 SF

Payment Calculator

$3,269 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$540

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 56-58 Shaw Avenue

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: Shaw
  • County Name: ESSEX
  • Status: ACTIVE
  • Zip Code: 07112
Taxes and HOA Information
  • Tax: $6,478
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 4212.0
  • Lot: 00008
  • Year Built: 1900-1939
  • Views exposure: South
  • Lot Description: Regular
  • Miscellaneous: Hdwd As In, Strms/Scrns
  • Block: 03063
Property and Assessments
  • Photo: Y
  • Photo Number: 44
  • CourtAppYN: Yes
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat, Sep Water
  • Heatcool: Oil, Radiators
  • Cooling Type: Oil, Radiators
Interior and Exterior Features
Interior Features
  • Bedrooms: 8
  • Baths full: 5
  • Baths partial: 0
  • Floor 1St: Living Rm, Dining Rm, Eat-In-Kitchen, 2 Beds, 2 Full Baths
  • Floor 2Nd: Living Rm, Dining Rm, Eat-In-Kitchen, 3 Beds, 1 Full Bath
  • Floor 3Rd: Living Rm, Eat-in-Kitchen, 3 Beds, 1 Full Bath
  • Basement: Full
  • Basement Description: Full, Unfinished, Full Bath, Utilities, Laundry
  • Number of rooms: 16
  • Laundry: Basement
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Full Baths Total: 5
  • Num of Baths: 5.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Item Not Included: Personal Belongings
  • Items Included: 3 Gas Ranges, 1 Fridge, Satellite Dishes, Light Fixtures
  • Search Class: 2to4
  • List Price: $499,999.00
  • Listing Date: 04-25-2024
  • Status Date: 05-03-2024
  • Auction: *
Showing Information
  • Internet Remarks: *Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27

Property History for 56-58 Shaw Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 56-58 Shaw Avenue

Taxable ValueLand$29,800Additions$143,600Total$173,400
Tax Record2022$6,478 ($540 / month)
Home Facts
Beds0Total Finished SqFt2,934 SqFtAbove Grade Finished SqFt2,934 SqFtStories3Lot Size4,212 SqFtStyleSingle Family ResidenceYear Built1927CountyESSEXAPN14 03063-0000-00008

Schools near 56-58 Shaw Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
George Washington Carver Elementary School
PublicPK to 8

Eagle Academy for Young Men of Newark
Public6 to 12

Chancellor Avenue Elementary School
PublicK to 8

Hawthorne 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.

Similar Homes

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56-58 Shaw Avenue is a multi-family home for sale in Newark, NJ 07112. This property was listed for sale on April 25, 2024 by RE/MAX 1st Advantage, it's currently listed at $499,999. It has been on the market for a total of 8 days and was last sold on January 6, 2005. This listing's school district is The Newark Public School District. Nearby schools include George Washington Carver Elementary School, Eagle Academy for Young Men of Newark and Chancellor Avenue Elementary School. 56-58 Shaw Avenue is a 8-bed, 5-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 1st Advantage, Robert Dekanski; RE/MAX 1st Advantage, Jusuf Budzaku

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 05/05/2024 06:17 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.