For Multi Family

50 Unity Ave,Newark City, NJ 07106-2695

November 17, 2025

Wow!! Don’t miss this fantastic opportunity to own a spacious 3-family home in the sought-after Vailsburg section of Newark. Fully remodeled in 2019, the property features large 2-bedroom units on the 1st and 2nd floors, each with a living room, formal dining room, and eat-in kitchen, with the potential to be used as 3-bedroom units. The 3rd floor offers a well-maintained 1-bedroom unit with a comfortable living room and eat-in kitchen, ideal for added rental income. Additional highlights include parking for 4″5 cars and separate utilities for all units. Conveniently located near schools, parks, shopping, and public transportation, this property is perfect for investors or owner-occupants looking for a move in ready multi-family home in a prime Newark location.

Property ID:PT-12153235-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 674,900 $

Bedrooms:5

Year Built:1925

Listing Details

Status: Active

Location

County: Essex

Lotsize: 41.8X107.5

Lot Identifier: 55

Lot Description: Level Lot

Lot Identifier: 55

Home Details

Subdivision: Vailsburg

Open Parking: 4

Basement: Yes

Renovated: 2019

Basmnt/Desc: Yes - Full

Acreage: 0.10

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 12

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At Closing

Unit 1 Appliances/Equipment: CarbMDet,SeeRem,SmokeDet,OvnWGas

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Lease Expire: 2025-11-30

Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch, Rec Room

Unit 2 Appliances/Equipment: CarbMDet,SeeRem,SmokeDet,OvnWGas

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 2

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 Lease Expire: 2026-07-31

Unit 2 Rent: 1650

Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch, Rec Room

Unit 2 Security Deposit: 1650

Unit 3 Appliances/Equipment: CarbMDet,SeeRem,StkW/D,OvnWElec

Unit 3 Levels: 3

Unit 3 Rooms: 2

Unit 3 Beds: 1

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 Lease Expire: 2026-01-31

Unit 3 Rent: 1375

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room

Unit 3 Security Deposit: 1375

Color of Building: Blue

Garage Description: Additional 1/2 Car Garage

Number of Garage Spaces: 2

Block Identifier: 4077

County Number: 16

Town Number: 1614

YB/Desc: 1925 - Approximate

Color of Building: Blue

Easement: No

Parking/Driveway Description: 1 Car Width

Block Identifier: 4077

County Number: 16

Town Number: 1614

Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: No

Tax ID For Property: 1614-04077-0000-00055-0000-

Tax Amount: $6,784.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $22,300.00

Building Assessment: $156,100.00

Total Assessment: $178,400.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units

Cool System: Wall A/C Unit(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Services: Cable TV Available

Schools

High School: WEST SIDE

Other

Zoning: Residential

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Listing Details

50 Unity Ave,Newark City, NJ 07106-2695

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