For Multi Family

388 Chadwick Ave,Newark City, NJ 07112-2120

December 13, 2025

Located in the Weequahic Section of Newark, this well-situated four-family property sits on a 72×100 lot in a C1 Commercial Zone,offering strong rental potential with separate utilities and flexible occupancy options. One unit is currently vacant, providing animmediate leasing opportunity or an excellent option for an owner-occupant. The other three units are tenant-occupied, deliveringinstant rental income. Conveniently positioned near parks, restaurants, shopping, public transportation, major highways, and offering easy access to NYC. A solid addition to any investment portfolio.

Property ID:PT-20459632-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 849,900 $

Bedrooms:10

Year Built:1922

Listing Details

Status: Active

Location

County: Essex

Lotsize: 72X100

Lot Identifier: 11

Home Details

Open Parking: 12

Basement: Yes

Renovated: 2025

Basmnt/Desc: Yes - Unfinished

Acreage: 0.17

Total Baths: 4.00

Unit Style: Fourplex

Number of Units: 4

Rooms: 22

Easement/Desc: No

Exterior Description: Aluminum Siding

Roof Description: Flat

Possesion: TBD

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 1 Levels: 1

Unit 1 Rooms: 6

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 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

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, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Rent: 2660

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

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Rent: 1277

Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 4 Levels: 1

Unit 4 Rooms: 7

Unit 4 Beds: 3

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Rent: 1375

Unit 4 Room Description: Bedrooms, Kitchen, Living/Dining Room

Garage Description: Additional 1/2 Car Garage, Detached Garage

Number of Garage Spaces: 2

Block Identifier: 3593

County Number: 16

Town Number: 1614

YB/Desc: 1922 - Approximate, Renovated

Easement: No

Parking/Driveway Description: Off-Street Parking

Block Identifier: 3593

County Number: 16

Town Number: 1614

Possession: TBD

Utilities

Heat Source: Gas-Natural

Heat System: 4+ Units, Forced Hot Air

Cool System: Wall A/C Unit(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-03593-0000-00011-0000-

Tax Amount: $10,300.00

Tax Year: 2025

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $33,400.00

Building Assessment: $235,700.00

Total Assessment: $269,100.00

FHA Age Restricted: No

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Listing Details

388 Chadwick Ave,Newark City, NJ 07112-2120

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