For Multi Family

53 Rose Ter,Newark City, NJ 07108-3677

December 4, 2025

Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!

Property ID:PT-17838417-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 649,900 $

Bedrooms:8

Year Built:1930

Listing Details

Status: Active

Location

County: Essex

Lotsize: 31X113.7

Lot Identifier: 26

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2024

Basmnt/Desc: Yes - Finished-Partially

Acreage: 0.08

Total Baths: 4.00

Unit Style: Triplex, Under/Over

Number of Units: 3

Rooms: 13

Easement/Desc: No

Exterior Description: Aluminum Siding, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: 30

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

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 3

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 Lease Expire: 2025-11-30

Unit 1 SqFt: 1200

Unit 1 Rent: 2200

Unit 1 Room Description: Bedrooms, Kitchen, Living Room

Unit 1 Security Deposit: 2200

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

Unit 2 Levels: 1

Unit 2 Rooms: 6

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 SqFt: 1200

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

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

Unit 3 Levels: 1

Unit 3 Rooms: 5

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 SqFt: 800

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Garage Description: On-Street Parking

Block Identifier: 2624

County Number: 16

Town Number: 1614

YB/Desc: 1930 - Approximate, Renovated

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 2624

County Number: 16

Town Number: 1614

Possession: 30

Taxes, Fees & Assessments

Warranty: No

Tax ID For Property: 1614-02624-0000-00026-0000-

Tax Amount: $6,582.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2024

Farm Assessment: No

Land Assessment: $26,700.00

Building Assessment: $146,400.00

Total Assessment: $173,100.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 3 Units, Baseboard - Hotwater

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground, Electric, Gas-Natural

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Listing Details

53 Rose Ter,Newark City, NJ 07108-3677

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