For Multi Family

24 Johnson Ave,Newark City, NJ 07108-2867

May 1, 2026

Welcome to this 2002-built 2-family home with great potential! Conveniently located just 3 minutes from the bus to Midtown NYC, this property is an excellent opportunity for commuters, investors, or owner-occupants looking to live in one unit while renting out the other . The home features one water meter, with separate gas and electric utilities. Current rent is below market, offering potential for future growth making this a compelling investment opportunity. Property is being sold strictly as-is.

Property ID:PT-39665423-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 595,000 $

Bedrooms:5

Year Built:2002

Listing Details

Status: Active

Location

County: Essex

Lotsize: 4462 SF

Lot Identifier: 1.04

Home Details

Open Parking: 2

Basement: No

Acreage: 0.10

Total Baths: 2.10

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 13

Easement/Desc: Unknown

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Immediate

Unit 1 Appliances/Equipment: Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas

Unit 1 Levels: 1

Unit 1 Rooms: 4

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 SqFt: 1000

Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living/Dining Room, Pantry

Unit 2 Appliances/Equipment: Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator

Unit 2 Levels: 2

Unit 2 Rooms: 7

Unit 2 Beds: 3

Unit 2 Baths: 1.1

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

Unit 2 Handicap: No

Unit 2 SqFt: 1250

Unit 2 Rent: 1550

Unit 2 Room Description: Bedrooms, Dining Room, Living/Dining Room

Unit 2 Security Deposit: 2250

Garage Description: Built-In Garage

Number of Garage Spaces: 1

Block Identifier: 2670

County Number: 16

Town Number: 1614

YB/Desc: 2002 - Approximate

Easement: Unknown

Parking/Driveway Description: 2 Car Width

Block Identifier: 2670

County Number: 16

Town Number: 1614

Possession: Immediate

Taxes, Fees & Assessments

Expense Include: Hot & Cold Water, Insurance

Tax ID For Property: 1614-02670-0000-00001-0004-

Tax Amount: $7,318.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $25,400.00

Building Assessment: $157,600.00

Total Assessment: $183,000.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air, Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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+01-123-4567

Listing Details

24 Johnson Ave,Newark City, NJ 07108-2867

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