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$ 650,000
Est. payment /mo
New
196 Sussex Ave Newark City, NJ 07103
7 Beds
3.5 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4022177
Style See Remarks
Bedrooms 7
Full Baths 3
Half Baths 1
Year Built 1887
Annual Tax Amount $5,566
Tax Year 2025
Lot Size 3,049 Sqft
Property Description
Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom?perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won?t want to miss!
Location
State NJ
County Essex
Rooms
Basement Finished-Partially
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS - NJ METRO GROUP
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