For Multi Family

31 Homestead Park,Newark City, NJ 07108-3818

December 17, 2025

Well-maintained two-family home offering strong income potential and comfortable living. This property features vinyl siding, forced hot air heating, and a newer furnace and hot water tank for added efficiency. Each unit provides functional living space, while the fully finished basement with walk-out access adds valuable bonus space?ideal for extended living or recreation (subject to local approvals). Conveniently located near major transportation, shopping, and local amenities, this is a great opportunity for owner-occupants or investors alike.

Property ID:PT-21105437-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 499,900 $

Bedrooms:4

Year Built:1900

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X120.8 AVG.

Lot Identifier: 10

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished, Walkout

Acreage: 0.07

Total Baths: 3.10

Unit Style: Duplex-Side by Side

Number of Units: 2

Rooms: 10

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At Closing

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

Unit 2 Levels: 2

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 Room Description: Attic, Bedrooms, Eat-In Kitchen, Living Room

Garage Description: On-Street Parking

Block Identifier: 3044

County Number: 16

Town Number: 1614

YB/Desc: 1900 - Approximate

Easement: Unknown

Parking/Driveway Description: On-Street Parking

Block Identifier: 3044

County Number: 16

Town Number: 1614

Possession: At Closing

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas In Street

Taxes, Fees & Assessments

Tax ID For Property: 1614-03044-0000-00010-0000-

Tax Amount: $7,431.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $33,900.00

Building Assessment: $161,500.00

Total Assessment: $195,400.00

FHA Age Restricted: No

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Listing Details

31 Homestead Park,Newark City, NJ 07108-3818

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