Listing Details

194 Smith St,Newark City, NJ 07106-1708

  • February 25, 2026
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Description

Welcome to this spacious, recently renovated multi-family home located in the Lower Vailsburg area of Newark, situated on a 50×100 lot. This property presents an excellent opportunity for investors looking for a profitable investment, or for anyone who wishes to live in one unit while renting out the others for additional income.Unit 1 features 3 bedrooms and is available for rent at $2,150; it can potentially be delivered vacant. Unit 2 also has 3 bedrooms, is currently vacant, and was previously rented for $2,150. Unit 3 includes 2 bedrooms and is rented for $1,850, but will soon be vacant.THE PROPERTY BOASTS A NICE EXCLUSIVE DRIVEWAY.

Details

Last Updated On: February 25th, 2026 at 9:29 pm
Property ID:PT-29786936-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 699,000 $
Bedrooms:8
Year Built:1912

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 50X100
Lot Identifier: 19
Lot Identifier: 19

Home Details

Open Parking: 2
Basement: Yes
Renovated: 2024
Basmnt/Desc: Yes - Unfinished
Acreage: 0.11
Total Baths: 3.00
Unit Style: 3-Three Story
Number of Units: 2
Rooms: 16
Easement/Desc: Unknown
Roof Description: Asphalt Shingle
Possesion: at closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 6
Unit 1 Beds: 3
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 SqFt: 9999
Unit 1 Rent: 9999
Unit 1 Room Description: Bedrooms, Family Room, Kitchen
Unit 1 Security Deposit: 9999
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector
Unit 2 Levels: 2
Unit 2 Rooms: 6
Unit 2 Beds: 3
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 SqFt: 9999
Unit 2 Rent: 9999
Unit 2 Room Description: Bedrooms, Family Room, Kitchen
Unit 2 Security Deposit: 9999
Block Identifier: 4115
County Number: 16
Town Number: 1614
YB/Desc: 1912 - Renovated
Easement: Unknown
Parking/Driveway Description: Driveway-Exclusive
Block Identifier: 4115
County Number: 16
Town Number: 1614
Possession: at closing

Taxes, Fees & Assessments

Gross Operating Income: 9999
Net Operating Income: 9999
Tax ID For Property: 1614-04115-0000-00019-0000-
Tax Amount: $6,146.00
Tax Year: 2025
Tax Rate: 3.999%
Tax Rate Year: 2025
Land Assessment: $19,400.00
Building Assessment: $134,300.00
Total Assessment: $153,700.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: 3 Units
Cool System: Wall A/C Unit(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Statistics

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