For Multi Family

18 Salem St,Newark City, NJ 07106-1706

October 29, 2025

Excited to present this charming two-family residence in Newark now on the market and move-in ready. With gleaming hardwood floors and stylish finishes like quartz countertops, stainless appliances, and a modern eat-in kitchen, this home balances comfort with contemporary living. Each unit offers central air and heat, plus unfinished basement with great potential. Situated close to public transportation, this property is perfect for both investors and owner-occupants seeking income potential and urban accessibility.

Property ID:PT-7426251-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 600,000 $

Bedrooms:5

Year Built:9999

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 14

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.06

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 11

Easement/Desc: No

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle, Flat

Possesion: At closing

Unit 1 Appliances/Equipment: CarbMDet,CookGas,Microwav,SmokeDet

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 2

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 999

Unit 1 Rent: 999

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room

Unit 1 Security Deposit: 999

Unit 2 Appliances/Equipment: CarbMDet,CookGas,Microwav,RgOvElec

Unit 2 Levels: 1

Unit 2 Rooms: 7

Unit 2 Beds: 3

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 SqFt: 999

Unit 2 Rent: 999

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

Unit 2 Security Deposit: 999

Block Identifier: 4114

County Number: 16

Town Number: 1614

Easement: No

Parking/Driveway Description: Off-Street Parking

Block Identifier: 4114

County Number: 16

Town Number: 1614

Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 4300

Net Operating Income: 9999

Tax ID For Property: 1614-04114-0000-00014-0000-

Tax Amount: $4,784.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2024

Land Assessment: $15,400.00

Building Assessment: $110,400.00

Total Assessment: $125,800.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units

Cool System: 2 Units

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

18 Salem St,Newark City, NJ 07106-1706

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