For Multi Family

68 High St,Newton Town, NJ 07860-1719

April 27, 2026

Investor opportunity in Newton’s historic district! This two-family home offers strong income potential and flexibility for both investors and owner-occupants. Public water and public sewer already in place, along with separate electric meters for each unit. Natural gas is available in the street, offering the next owner the potential to install separate boilers and further divide utility costs. The vacant upstairs unit features 3 bedrooms, nicely refinished hardwood floors, an updated kitchen and bath, and a private balcony. The first-floor unit is occupied by a tenant paying $1,850/month, providing immediate cash flow. With charm, upside, and a prime location, this property is a great opportunity to add to your portfolio or offset your mortgage with rental income.

Property ID:PT-38696490-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 350,000 $

Bedrooms:4

Year Built:1890

Listing Details

Status: Active

Location

County: Sussex

Lotsize: 00000.078 AC.

Lot Identifier: 16

Home Details

Subdivision: Historic District

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Full, Unfinished

Acreage: 0.08

Total Baths: 2.00

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 8

Easement/Desc: Yes

Exterior Description: Wood

Roof Description: Slate

Possesion: ASAP

Unit 1 Appliances/Equipment: Ceiling Fan(s), Range/Oven - Electric, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 3

Unit 1 Beds: 1

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 1850

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

Unit 1 Security Deposit: 2550

Unit 2 Appliances/Equipment: Range/Oven - Electric, Refrigerator, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric

Unit 2 Handicap: No

Unit 2 SqFt: 9999

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

Color of Building: Yellow

Block Identifier: 7.05

County Number: 28

Town Number: 2817

YB/Desc: 1890 - Approximate

Color of Building: Yellow

Easement: Yes

Parking/Driveway Description: 2 Car Width

Block Identifier: 7.05

County Number: 28

Town Number: 2817

Possession: ASAP

Taxes, Fees & Assessments

Gross Operating Income: 48400

Net Operating Income: 99999999

Expense Include: Hot & Cold Water, Insurance, Oil, Taxes

Warranty: No

Tax ID For Property: 2815-00007-0005-00016-0000-

Tax Amount: $8,598.00

Tax Year: 2025

Tax Rate: 2.662%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $68,100.00

Building Assessment: $278,100.00

Total Assessment: $346,200.00

FHA Age Restricted: No

Utilities

Heat Source: Oil Tank Above Ground - Inside

Heat System: 1 Unit, Radiators - Steam

Cool System: Ceiling Fan, Wall A/C Unit(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas In Street

Schools

Middle School: NEWTON

High School: NEWTON

Type *

Date *

Time *

Your Name *

Phone *

Email *

Your Message *

For Multi Family

Multi-Family

17 N Clark Ave,Somerville Boro, NJ 08876-2709

665,000 $

N Clark Ave, Somerville Boro, Somerset

Beds 4

For Multi Family

Multi-Family

31 Grace St,Irvington Twp., NJ 07111-3506

900,000 $

Grace St, Irvington Twp., Essex

Beds 6

For Multi Family

Multi-Family

433 Preakness Ave,Paterson City, NJ 07502-1100

649,999 $

Preakness Ave, Paterson City, Passaic

Beds 4

For Multi Family

Multi-Family

5214 Liberty Ave,North Bergen Twp., NJ 07047-3026

984,999 $

Liberty Ave, North Bergen Twp., Hudson

Beds 7

For Multi Family

Multi-Family

126 Chestnut St,East Orange City, NJ 07018-3008

525,000 $

Chestnut St, East Orange City, Essex

Beds 6

For Multi Family

Multi-Family

232 2nd St,Newark City, NJ 07107-3208

789,999 $

2nd St, Newark City, Essex

Beds 9

350,000 $

3 Views
0 Rating
0 Favorites
0 Share
0 Comments
0 Likes
0 Love
0 Dislike

+01-123-4567

Listing Details

68 High St,Newton Town, NJ 07860-1719

Description

Details