For Multi Family

262 2Nd Ave,Newark City, NJ 07107

April 30, 2026

NEWLY BUILT, UNIQUE two-family featuring a rare ground-level unit with 2 rooms and a full bath, home office, or added flexibility. The definition of turnkey, located in North Newark, bordering Bloomfield and Belleville. Built by an experienced builder with no expense spared, showcasing quality craftsmanship, modern finishes, and thoughtful design throughout. ideal for Owner-occupants or investors seeking low maintenance, strong rental appeal, and long-term value in a high-demand location close to major transportation, shopping, and dining. come turn this house into a home before someone else does!

Property ID:PT-39425345-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 850,000 $

Bedrooms:8

Year Built:2020

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 6

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished, Full, Walkout

Acreage: 0.06

Total Baths: 5.00

Number of Units: 2

Rooms: 12

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Possesion: At the closing

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 2

Unit 1 Baths: 2.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 1 Handicap: No

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

Unit 2 Levels: 2

Unit 2 Rooms: 8

Unit 2 Beds: 3

Unit 2 Baths: 3.0

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

Unit 2 Handicap: No

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

Garage Description: Attached Garage

Number of Garage Spaces: 1

Block Identifier: 1952

County Number: 16

Town Number: 1614

YB/Desc: 2020 - Approximate

Easement: Unknown

Block Identifier: 1952

County Number: 16

Town Number: 1614

Possession: At the closing

Utilities

Heat Source: Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-01952-0000-00006-0000-

Tax Amount: $14,604.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $27,500.00

Building Assessment: $337,700.00

Total Assessment: $365,200.00

FHA Age Restricted: No

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Listing Details

262 2Nd Ave,Newark City, NJ 07107

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