For Multi Family

203 Schuyler Ave,Newark City, NJ 07112-1824

February 25, 2026

Welcome to this stunning new construction multi-family property?finally on the market! Each spacious unit features 3 bedrooms and 2 bathrooms, highlighted by an open-concept living area and eat-in kitchen designed for modern living. Every unit includes a private master bathroom, offering comfort and convenience.The ground level boasts an attached garage along with a beautifully designed 1-bedroom apartment featuring high ceilings, a full bath, and an open-concept kitchen.With strong rental income and excellent tenants already in place, this property presents an incredible opportunity to build wealth while enjoying a luxury living environment.

Property ID:PT-29786938-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 799,000 $

Bedrooms:7

Year Built:2021

Listing Details

Status: Active

Location

County: Essex

Lotsize: 2500 SF

Lot Identifier: 27

Home Details

Open Parking: 4

Basement: Yes

Basmnt/Desc: Yes - Finished, Full, Walkout

Acreage: 0.06

Total Baths: 5.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 15

Easement/Desc: No

Exterior Description: Stone, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Flexible

Unit 1 Appliances/Equipment: CarbMDet,CookGas,Dishwshr,Refrig,SeeRem

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 1

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 Rent: 1300

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

Unit 1 Security Deposit: 1950

Unit 2 Appliances/Equipment: CarbMDet,CookGas,Dishwshr,Refrig,SeeRem

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 Rent: 2200

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

Unit 2 Security Deposit: 3300

Unit 3 Appliances/Equipment: CarbMDet,CookGas,Dishwshr,Refrig,SeeRem

Unit 3 Levels: 1

Unit 3 Rooms: 6

Unit 3 Beds: 3

Unit 3 Baths: 2.0

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

Unit 3 Handicap: No

Unit 3 Rent: 2600

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom

Unit 3 Security Deposit: 3900

Garage Description: Built-In Garage

Number of Garage Spaces: 1

Block Identifier: 3632

County Number: 16

Town Number: 1614

YB/Desc: 2021 - Approximate

Easement: No

Parking/Driveway Description: 2 Car Width

Block Identifier: 3632

County Number: 16

Town Number: 1614

Possession: Flexible

Taxes, Fees & Assessments

Gross Operating Income: 73200

Net Operating Income: 62367

Expense Include: Hot & Cold Water, Insurance, Taxes

Warranty: Yes

Tax ID For Property: 1614-03632-0000-00027-0000-

Tax Amount: $7,833.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $26,300.00

Building Assessment: $373,300.00

Total Assessment: $399,600.00

FHA Age Restricted: No

Utilities

Heat Source: Electric, Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

203 Schuyler Ave,Newark City, NJ 07112-1824

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