For Multi Family

56 Vanderpool St,Newark City, NJ 07114-1771

January 30, 2026

Excellent opportunity to own a well-located 3-family property just minutes from Downtown Newark. The building features three spacious apartments, each offering 3 bedrooms with strong layouts and solid tenant appeal. Currently generating approximately $7,000/month in rental income, this property provides immediate cash flow with significant upside potential through rent optimization or light value-add improvements. Ideal for investors seeking stable passive income in a high-demand rental market with close proximity to transportation, employment hubs, and city amenities.

Property ID:PT-26455859-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 749,999 $

Bedrooms:11

Year Built:1950

Listing Details

Status: Active

Location

County: Essex

Lotsize: 24.6X100

Lot Identifier: 30

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Full, Unfinished

Acreage: 0.06

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 19

Easement/Desc: No

Exterior Description: Stone, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: 0-30

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

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 4

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 Rent: 2600

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

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

Unit 2 Levels: 2

Unit 2 Rooms: 6

Unit 2 Beds: 4

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: 2900

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

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

Unit 3 Levels: 3

Unit 3 Rooms: 5

Unit 3 Beds: 3

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: 1500

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

Block Identifier: 2791

County Number: 16

Town Number: 1614

YB/Desc: 1950 - Approximate

Easement: No

Parking/Driveway Description: None

Block Identifier: 2791

County Number: 16

Town Number: 1614

Possession: 0-30

Utilities

Heat Source: Gas-Natural

Heat System: Baseboard - Electric

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-02791-0000-00030-0000-

Tax Amount: $10,336.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $45,100.00

Building Assessment: $226,700.00

Total Assessment: $271,800.00

FHA Age Restricted: No

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Listing Details

56 Vanderpool St,Newark City, NJ 07114-1771

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