For Multi Family

212 3Rd St,Newark City, NJ 07107-2211

March 7, 2026

Presenting an exceptional income-generating property in Newark, this updated 2-family residence spans 4380 sq ft as per town records. First and second floor apartments each offer 3 bedrooms, one new bathroom, spacious kitchen with walk-in pantry and master bedrooms with walk-in closets. Fully finished large attic with a lot of potential including a bath to add value. Attic and second floor apartment were rented together to a section 8 family. Mostly finished basement with new bathroom and inside/outside entrances. Basement floor is unfinished and seller won’t credit for it. No appliances. First floor apartment won’t be available for showings and the property is expected to be delivered with a first-floor tenant, unless otherwise negotiated. Buyers responsible for CO and town inspections. Underground oil tank scheduled to be removed on 3/12/26 at owner’s expense. Sold strictly ‘as is’. Close to transportation and shopping.

Property ID:PT-30916866-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 629,000 $

Bedrooms:7

Year Built:1915

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 52

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2025

Basmnt/Desc: Yes - Finished-Partially, Full

Acreage: 0.06

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 12

Easement/Desc: Unknown

Exterior Description: Composition Siding, Vinyl Siding, Wood

Roof Description: Asphalt Shingle

Possesion: AT CLOSING

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

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 Rent: 900

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

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water

Unit 2 Handicap: No

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

Garage Description: None, On-Street Parking

Block Identifier: 1914

County Number: 16

Town Number: 1614

YB/Desc: 1915 - Renovated

Easement: Unknown

Parking/Driveway Description: None

Block Identifier: 1914

County Number: 16

Town Number: 1614

Possession: AT CLOSING

Taxes, Fees & Assessments

Expense Include: Cold Water, Maintenance

Warranty: Yes

Tax ID For Property: 1614-01914-0000-00052-0000-

Tax Amount: $5,214.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $18,800.00

Building Assessment: $111,600.00

Total Assessment: $130,400.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Auxiliary Electric Heat, Radiators - Hot Water

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

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Listing Details

212 3Rd St,Newark City, NJ 07107-2211

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