For Multi Family

110 Peabody Pl,Newark City, NJ 07104-5174

March 4, 2026

Excellent Investment opportunity in Newark’s sought after North Ward, near the border of Belleville and close proximity to Branch Brook Park. Perfect for owner-occupants or investors looking to generate rental income immediately. This two family home is conviniently located in a primarily residential area near transportation, major highways Rt.21, Rt. 287, Newark Intl Airport, shops, and schools. Both units feature updated kitchen, bathrooms, living room and dinning area. Unit 2 is vacant.

Property ID:PT-30607576-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 525,000 $

Bedrooms:5

Year Built:1902

Listing Details

Status: Active

Location

County: Essex

Lotsize: 18.8X100

Lot Identifier: 10

Home Details

Subdivision: North Broadway/North Newark

Open Parking: 0

Basement: Yes

Renovated: 2021

Basmnt/Desc: Yes - Finished

Acreage: 0.04

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 12

Easement/Desc: No

Exterior Description: Brick

Possesion: At closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Lease Expire: 2026-08-31

Unit 1 Rent: 2000

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Master Bedroom

Unit 1 Security Deposit: 2000

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room

Garage Description: None

Block Identifier: 677

County Number: 16

Town Number: 1614

YB/Desc: 1902 - Renovated

Easement: No

Parking/Driveway Description: None

Block Identifier: 677

County Number: 16

Town Number: 1614

Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 43800

Net Operating Income: 22838

Tax ID For Property: 1614-00677-0000-00010-0000-

Tax Amount: $12,082.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $19,000.00

Building Assessment: $298,700.00

Total Assessment: $317,700.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units, Baseboard - Hotwater, Multi-Zone

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Schools

Grade School: L M MARIN

High School: TECHNOLOGY

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Listing Details

110 Peabody Pl,Newark City, NJ 07104-5174

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