For Multi Family

78 Monticello Ave,Newark City, NJ 07106-1506

February 11, 2026

Welcome to 78 Monticello Ave, a beautifully renovated 2-family home offering spacious layouts, modern updates, and strong income potential in Newark close to East Orange border. The first unit features three well-sized bedrooms, an open layout concept, while the second unit offers four bedrooms along with comfortable living and dining spaces, creating a total of seven bedrooms across the property. Both units are thoughtfully designed to provide functional flow and everyday comfort. An unfinished basement offers additional storage space, and a private driveway adds valuable off-street parking with a 2 car garage. With its generous layout, move-in-ready condition, and versatile appeal for homeowners and investors alike, this is an opportunity you don’t want to miss. Grab it before it’s gone!

Property ID:PT-28008199-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 689,000 $

Bedrooms:7

Year Built:1922

Listing Details

Status: Active

Location

County: Essex

Lotsize: 40X100

Lot Identifier: 37

Home Details

Open Parking: 2

Basement: Yes

Renovated: 2026

Basmnt/Desc: Yes - Unfinished

Acreage: 0.09

Total Baths: 3.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 15

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: ASAP

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

Unit 1 Levels: 1

Unit 1 Rooms: 7

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 SqFt: 9999

Unit 1 Rent: 9999

Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room

Unit 1 Security Deposit: 9999

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

Unit 2 Levels: 1

Unit 2 Rooms: 8

Unit 2 Beds: 4

Unit 2 Baths: 2.0

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

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 9999

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

Unit 2 Security Deposit: 9999

Garage Description: None

Block Identifier: 4183

County Number: 16

Town Number: 1614

YB/Desc: 1922 - Approximate, Renovated

Easement: No

Parking/Driveway Description: 1 Car Width

Block Identifier: 4183

County Number: 16

Town Number: 1614

Possession: ASAP

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Tax ID For Property: 1614-04183-0000-00037-0000-

Tax Amount: $7,054.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $24,400.00

Building Assessment: $161,100.00

Total Assessment: $185,500.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

78 Monticello Ave,Newark City, NJ 07106-1506

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