For Multi Family

118 Oraton St,Newark City, NJ 07104-4108

December 18, 2025

Exceptional new construction two-family home completed in 2022, ideally located in Newark’s North Ward, just off Broadway and between Chester & Delevan Avenues, near the Belleville border. Although currently fully occupied, this property is a true ground-up build, not a renovation.Unit 1 offers a spacious, modern layout spanning the second floor, featuring a bright open-concept living and dining area, contemporary kitchen with stainless steel appliances, two well-sized bedrooms, and a full bath. In addition to the main living area, Unit 1 benefits from access to a fully finished walkout lower level, providing valuable additional finished space that includes a laundry area, half bath, and direct exterior access.This level is complemented by an exceptionally upgraded built-in garage, rarely seen finished with vinyl flooring, clean walls, and excellent lighting offering a highly versatile extension of the home suitable for storage, workspace, or other permitted uses.Unit 2, located on the third floor, mirrors the modern finishes found throughout the home and features an open-concept layout, stainless steel kitchen appliances, two generously sized bedrooms, a full bath, ample closet space, and pull-down attic storage.

Property ID:PT-21201095-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 765,000 $

Bedrooms:4

Year Built:2022

Listing Details

Status: Active

Location

County: Essex

Lotsize: 24.6X50

Lot Identifier: 81

Home Details

Subdivision: North Ward

Open Parking: 1

Basement: Yes

Basmnt/Desc: Yes - Finished, Walkout

Acreage: 0.03

Total Baths: 2.10

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 11

Easement/Desc: No

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Negotiable

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

Unit 1 Levels: 2

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.1

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

Unit 1 Handicap: No

Unit 1 Lease Expire: 2026-09-30

Unit 1 SqFt: 9999

Unit 1 Rent: 2100

Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Rec Room, Storage

Unit 1 Security Deposit: 3150

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

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Lease Expire: 2026-10-31

Unit 2 SqFt: 9999

Unit 2 Rent: 2100

Unit 2 Room Description: Attic, Bedrooms, Kitchen, Living/Dining Room, Rec Room

Unit 2 Security Deposit: 3150

Color of Building: Red & Blue

Garage Description: Built-In Garage, Garage Door Opener, Garage Parking

Number of Garage Spaces: 1

Block Identifier: 678

County Number: 16

Town Number: 1614

YB/Desc: 2022 - Approximate

Color of Building: Red & Blue

Easement: No

Block Identifier: 678

County Number: 16

Town Number: 1614

Possession: Negotiable

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: No

Tax ID For Property: 1614-00678-0000-00081-0000-

Tax Amount: $11,808.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $11,600.00

Building Assessment: $298,900.00

Total Assessment: $310,500.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Schools

Grade School: L M MARIN

Middle School: L M MARIN

High School: TECHNOLOGY

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Listing Details

118 Oraton St,Newark City, NJ 07104-4108

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