For Multi Family

14 Hazel Pl,Newark City, NJ 07108-1770

March 5, 2026

Fully renovated 2025 four-family income-producing property located at 14-16 Hazel Pl in Newark, NJ. This turnkey asset offers strong upside rental income potential in a high-demand Essex County rental market. The building features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide operational efficiency and added value for investors. Current rents allow for significant future income growth, creating an excellent value-add opportunity with long-term appreciation potential.Property also includes a large, clean, finished basement offering additional usable space for storage or common area use. Conveniently located near public transportation, major highways, shopping, and local amenities. Rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in an established Newark rental corridor.

Property ID:PT-30726029-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 899,900 $

Bedrooms:8

Year Built:1922

Listing Details

Status: Active

Location

County: Essex

Lotsize: 50X110

Lot Identifier: 48

Home Details

Open Parking: 4

Basement: Yes

Renovated: 2025

Basmnt/Desc: Yes - Finished

Acreage: 0.13

Total Baths: 4.00

Unit Style: Fourplex

Number of Units: 4

Rooms: 12

Easement/Desc: No

Exterior Description: Aluminum Siding

Roof Description: Flat

Possesion: TBD

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 1 Levels: 1

Unit 1 Rooms: 3

Unit 1 Beds: 2

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Room Description: Bedrooms, Kitchen

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 2 Levels: 1

Unit 2 Rooms: 3

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 Room Description: Bedrooms, Kitchen

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 3 Levels: 2

Unit 3 Rooms: 3

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Room Description: Bedrooms, Kitchen

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 4 Levels: 2

Unit 4 Rooms: 3

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Room Description: Bedrooms, Kitchen

Block Identifier: 3027

County Number: 16

Town Number: 1614

YB/Desc: 1922 - Approximate, Renovated

Easement: No

Parking/Driveway Description: Additional Parking, Concrete, Driveway-Exclusive, Off-Street Parking

Block Identifier: 3027

County Number: 16

Town Number: 1614

Possession: TBD

Utilities

Heat Source: Gas-Natural

Heat System: 4+ Units, Forced Hot Air

Cool System: 4+ Units, Wall A/C Unit(s)

Water: Public Water

Sewer: Public Available

Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-03027-0000-00048-0000-

Tax Amount: $10,797.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $35,800.00

Building Assessment: $234,200.00

Total Assessment: $270,000.00

FHA Age Restricted: No

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Listing Details

14 Hazel Pl,Newark City, NJ 07108-1770

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