Listing Details

183 Ellery Ave,Newark City, NJ 07106-3503

  • December 31, 2025

Description

Introducing a prime investment opportunity in the highly desirable Ivy Hill section of Newark, New Jersey! This meticulously maintained two-family home is truly move-in ready and ideal for both owner-occupants and investors seeking strong rental potential. Each of the recently renovated two-bedroom units showcases modern style and thoughtful functionality. Enjoy spacious living rooms, tasteful finishes, abundant natural light, and updated kitchens featuring contemporary appliances and generous storage perfect for everyday convenience. With separate entrances and utilities, this property provides excellent flexibility and privacy for both units. Whether you’re planning to generate rental income, occupy one unit while renting the other, the possibilities are endless. Outside, a two-car detached garage offers secure parking and additional storage an invaluable amenity in this neighborhood. The well-kept yard provides a peaceful green space ideal for relaxing or hosting outdoor gatherings. Situated in Ivy Hill, you’ll enjoy close proximity to Newark’s vibrant downtown, quality schools, local parks, and multiple transportation options including nearby train stations and major highways making commuting and daily travel a breeze. Property is being sold strictly as-is. Buyer is responsible for applying for and obtaining all required municipal certificates to close.

Details

Last Updated On: December 31st, 2025 at 10:25 pm
Property ID:PT-22850844-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 599,900 $
Bedrooms:4
Year Built:1931

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 40X105
Lot Identifier: 31
Lot Identifier: 31

Home Details

Open Parking: 2
Basement: Yes
Renovated: 2021
Basmnt/Desc: Yes - Unfinished
Acreage: 0.10
Total Baths: 2.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 11
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: at closing
Unit 1 Appliances/Equipment: Range/Oven - Gas
Unit 1 Levels: 1
Unit 1 Rooms: 5
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, Eat-In Kitchen, Living Room
Unit 2 Appliances/Equipment: Range/Oven - Gas
Unit 2 Levels: 1
Unit 2 Rooms: 6
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: 2026-04-30
Unit 2 Rent: 1730
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Sunroom
Garage Description: Detached Garage
Number of Garage Spaces: 2
Block Identifier: 4141
County Number: 16
Town Number: 1614
YB/Desc: 1931 - Approximate
Easement: Unknown
Parking/Driveway Description: 1 Car Width
Block Identifier: 4141
County Number: 16
Town Number: 1614
Possession: at closing

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units, Baseboard - Hotwater
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas In Street, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-04141-0000-00031-0000-
Tax Amount: $5,917.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $21,000.00
Building Assessment: $134,600.00
Total Assessment: $155,600.00
FHA Age Restricted: No

Features

  • Carpeting
  • Open Porch(es)
  • Vinyl-Linoleum Floors
  • Wood Floors

Statistics

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