40 Silver St Newark City, NJ $ 599,900
40 Silver St
$ 599,900
Share Save

40 Silver St

Newark City, NJ, 07106
$ 599,900
Bedrooms8 Baths3.0 Sq 3,000

Monthly Estimate*

$ 3,987

40 Silver St, Newark City, NJ 07106 - Image 1
40 Silver St, Newark City, NJ 07106 - Image 2
40 Silver St, Newark City, NJ 07106 - Image 3
40 Silver St, Newark City, NJ 07106 - Image 4
40 Silver St, Newark City, NJ 07106 - Image 5
40 Silver St, Newark City, NJ 07106 - Image 6
40 Silver St, Newark City, NJ 07106 - Image 7
40 Silver St, Newark City, NJ 07106 - Image 8
40 Silver St, Newark City, NJ 07106 - Image 9
40 Silver St, Newark City, NJ 07106 - Image 10
40 Silver St, Newark City, NJ 07106 - Image 11
40 Silver St, Newark City, NJ 07106 - Image 12
40 Silver St, Newark City, NJ 07106 - Image 13
40 Silver St, Newark City, NJ 07106 - Image 14
40 Silver St, Newark City, NJ 07106 - Image 15
40 Silver St, Newark City, NJ 07106 - Image 16
40 Silver St, Newark City, NJ 07106 - Image 17
40 Silver St, Newark City, NJ 07106 - Image 18
40 Silver St, Newark City, NJ 07106 - Image 19
40 Silver St, Newark City, NJ 07106 - Image 20
40 Silver St, Newark City, NJ 07106 - Image 21
40 Silver St, Newark City, NJ 07106 - Image 22
Multi-Family Home for sale in Newark City, NJ for $599,900 with 8 bedrooms and 3 full baths. This 3,000 square foot home was built in 1925 on a lot size of 0.04.

This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.

See more

Multi-Family Pending

Price

$ 599,900

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,271

Style

3-Three Story

Lot Size

0.04

Year Built

1925

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3900098

Features
General
Sewer Public Available
Heating 2 Units Forced Hot Air
Cooling None
Utilities Electric Gas-Natural
Possession at closing
Roof Asphalt Shingle
Garage Spaces 0
Architectural Style 3-Three Story
Year Built 1925
Township Newark City
Tax Year 2023
Gross Income 999
County Essex
Net Operating Income 999
Operating Expense 999
Total Rooms 18
Status Under Contract
Directions Sanford ave going north right on Silver st.
Open Parking Spaces 3
Total Units 2
Street Name SILVER ST
Tax Annual Amount 5271
Drive 1 Car Width
Days on Market 18
Standard Status Under Contract
Tax Assessed Value 141400
Town # 1614
Tax Lot 3
See more
Interior
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 5
Fuel Type Gas-Natural
Full Baths 3
Half Baths 0
Total Bedrooms 8
See more
Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 3000
Lot Dimensions 35.2X50
Lot Size Acres 0.04
See more
* Excluded Features
List By
SILVIO LAVRADOR

Listing Agent

Re/Max Select

Broker

silvio.lav@gmail.com

Email

Affordability Calculator

$4,426
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,987
Monthly Property Taxes
$439
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2024$599,900 Listed Price

Map


See all

40 Silver St, Newark City, NJ, 07106 is a Multi-Family Home for sale at $599,900 with 3,000 sqft and a lot size of 0.04. 40 Silver St has 8 bedrooms, 3.0 baths, and was built in 1925. The property's zip code is 07106 which is in Newark City, NJ