For Multi Family

170 Johnson Ave,Newark City, NJ 07108-2709

December 4, 2025

INSTANT CASH FLOW! Rare opportunity in this competitive market to acquire a 20+ year old, 2-unit property with a bonus ground floor space that generates income from day one! Each of the two main units offers a spacious 3 Bed 2 Bath layout, and the ground floor is a 1 Bed 1 Bath with its own private entrance. Tenants enjoy premium amenities, including in-unit washer/dryers, central air, walk-in closets in primary bedrooms, a private fenced-in backyard, and off-street parking on this peaceful dead-end street. Tenants are month-to-month, and rents are close to market value. Don’t miss this opportunity and add this property to your portfolio before someone else does.

Property ID:PT-17928317-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 749,900 $

Bedrooms:7

Year Built:2006

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X132.1

Lot Identifier: 45

Home Details

Open Parking: 2

Basement: No

Acreage: 0.08

Total Baths: 5.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 14

Easement/Desc: No

Exterior Description: Brick

Roof Description: Asphalt Shingle

Possesion: 30 Days

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

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 3

Unit 1 Baths: 2.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 1300

Unit 1 Rent: 2400

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

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer

Unit 2 Levels: 1

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 2.0

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

Unit 2 Handicap: No

Unit 2 SqFt: 1300

Unit 2 Rent: 2250

Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room, Master Bedroom

Block Identifier: 2699

County Number: 16

Town Number: 1614

YB/Desc: 2006 - Approximate

Easement: No

Parking/Driveway Description: 2 Car Width, Driveway-Exclusive

Block Identifier: 2699

County Number: 16

Town Number: 1614

Possession: 30 Days

Taxes, Fees & Assessments

Warranty: No

Tax ID For Property: 1614-02699-0000-00045-0000-

Tax Amount: $9,903.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $25,500.00

Building Assessment: $234,900.00

Total Assessment: $260,400.00

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: All Underground

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Listing Details

170 Johnson Ave,Newark City, NJ 07108-2709

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