56 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
  2. Listed by JUSUF BUDZAK • RE/MAX 1ST ADVANTAGE

Property Details for 56 Shaw Avenue

Directions
Wainwright St to Shaw Ave
Days On Market
8

Location

Listing Courtesy of RE/MAX 1ST ADVANTAGE, ROBERT DEKANSKI; RE/MAX 1ST ADVANTAGE, JUSUF BUDZAK
Add your commute
LISTING UPDATED: 05/03/2024 02:13 PM

Property Details for 56 Shaw Avenue

StatusActive
MLS #3898328
Days on Market10
Taxes$6,464 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1927
Lot Size0.10 AC / 4,356 SF
CountyEssex County

Location

Listing Courtesy of RE/MAX 1ST ADVANTAGE, ROBERT DEKANSKI; RE/MAX 1ST ADVANTAGE, JUSUF BUDZAK
Add your commute

Building Information for 56 Shaw Avenue

Stories-Residences3Year Built1927Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$3,267 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$539

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 56 Shaw Avenue

Summary
Location and General Information
  • Grade School: G CARVER
  • High School: WEEQUAHIC
  • Active Days on Market: 8
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 3063
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • # Parking Spaces: 4
  • County Or Parish: Essex
  • Street Name: Shaw Ave
  • Zip Code: 07112-1349
  • 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: $6,464
  • Zip Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 173400.0
  • Tax ID For Property: 1614-03063-0000-00008-0000-
  • 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: Additional Parking, Blacktop, Driveway-Exclusive
Property
Lot Information
  • Lot Description: Corner, Level Lot
  • Lot Identifier: 8
  • Approximate Lot Size: 42.11X100
  • Total Acres: 0.1
  • Construction Date/Year Built: 1927
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 143600.0
  • Assessment Land: 29800.0
  • Attorney Review in Progress: *
Utilities
  • Cooling: Window A/C(s)
  • Services: Garbage Extra Charge
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Radiators - Hot Water
  • Fuel Type: Oil Tank Below Ground
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Curbs, Metal Fence, Open Porch(es), Partially Fenced, Sidewalk, Storm Door(s), Storm Window(s)
Interior Features
  • Interior Features: Blinds, Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 2.0
  • 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 Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch, Storage
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: 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, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Range/Oven - Gas
  • 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: 0.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Cold Water, Insurance, Maintenance, Taxes
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 56 Shaw Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 56 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 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. 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 Shaw Avenue is a 8-bed, 5-bath, multi-family home built in 1927.

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 BUDZAK

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