179 Thomas St
Newark City, NJ 07114
Price: $849,000
GSMLS: 3963843Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 12
Baths: 4 Full & 1 Half
Garage: No
Year Built: 1890
Acres: 0.00
Property Tax: $8,305
Description
Discover An Exceptional Investment Opportunity A 3-unit Property With A Legal Basement Unit Generating An Impressive $6,700 In Monthly Rental Income. Perfect For Savvy Buyers Seeking Passive Income, Or House Hack! This Property Includes A Double Lot Next Door For Parking For 12+ Cars, A Rare Find In Newark! Conveniently Located Just 2 Blocks From Route 21, A 6-minute Drive To Newark Liberty International Airport, And 6 Minutes To Newark Penn Station, This Property Offers An Easy Commute To Nyc. Recently Updated With New Mechanicals It Has Been Well Maintained, And With Plenty Of Potential Upside Or Add Value! Whether You're Expanding Your Portfolio Or Searching For A Multi-family Home To Occupy, This Property Is The One! Don't Miss Out Schedule Your Viewing Today!
General Info
Style:
Fourplex
SqFt Building:
4,760
Total Rooms:
20
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
Flat
Exterior:
Vinyl Siding
Lot Size:
43x82
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Driveway-Exclusive
Spaces Available:
12
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
4+ Units, Baseboard - Electric, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$849,000
Tax Amount:
$8,305
Land Assessment:
$38,500
Build. Assessment:
$159,300
Total Assessment:
$197,800
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3963843
List Date:
05-17-2025
Days On Market:
0
Listing Broker:
REAL
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: WillowWalkCondos.com
