Listing Details

319 Renner Ave,Newark City, NJ 07112-1845

  • February 9, 2026

Description

Turn-key, newer construction two-family home, only two years old, offering strong income potential, flexibility, and long-term tax savings. Each unit features 3 bedrooms and 2 full bathrooms, plus a finished basement with half bath providing additional living space, home office potential, or added value. Property includes a 2-car garage and private driveway parking on the left side. Unit 2 is tenant-occupied. Unit 1 will be delivered vacant and can be conveyed furnished as shown or empty, per buyer preference. Approximately 3 years remain on existing tax abatement, offering significant savings to the next owner. Ideal for owner-occupants looking to offset mortgage costs or investors seeking a low-maintenance, income-producing asset.

Details

Last Updated On: February 9th, 2026 at 5:29 pm
Property ID:PT-27771288-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 924,999 $
Bedrooms:8
Year Built:2024

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 39.10X100
Lot Identifier: 25
Lot Identifier: 25

Home Details

Open Parking: 2
Basement: Yes
Basmnt/Desc: Yes - Finished
Acreage: 0.09
Total Baths: 5.00
Unit Style: 3-Three Story
Number of Units: 2
Rooms: 13
Easement/Desc: Unknown
Possesion: At closing
Unit 1 Levels: 2
Unit 1 Rooms: 5
Unit 1 Beds: 3
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 2 Levels: 3
Unit 2 Rooms: 5
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: 3200
Unit 2 Security Deposit: 3200
Garage Description: Garage Parking
Block Identifier: 3620
County Number: 16
Town Number: 1614
YB/Desc: 2024 - Standing
Easement: Unknown
Parking/Driveway Description: 2 Car Width
Block Identifier: 3620
County Number: 16
Town Number: 1614
Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 999
Net Operating Income: 999
Tax ID For Property: 1614-03620-0000-00025-0000-
Tax Amount: $999.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $29,400.00
Building Assessment: $407,900.00
Total Assessment: $437,300.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: Forced Hot Air
Cool System: Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Statistics

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