58 11Th Ave, Newark City, NJ 07107
58 11Th Ave, Newark City, NJ 07107
58 11Th Ave, Newark City, NJ 07107
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$615,000
Est. payment /mo
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8 Beds
4 Baths
19,998 SqFt
New

58 11Th Ave Newark City, NJ 07107

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 19,998 sqft

Price per Sqft $30

MLS Listing ID 4051251

Style 1-One Story

Bedrooms 8

Full Baths 4

Year Built 1897

Annual Tax Amount $5,686

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Spacious and income-producing two-family home located in Newark's desirable Fairmount neighborhood, offering an excellent opportunity for both owner-occupants and investors - ideal for buyers looking to offset their mortgage with rental income. This well-maintained property features two oversized units with a total of 6 bedrooms and 2 full bathrooms, plus a fully finished basement providing additional flexible living space. The first unit offers 3 bedrooms and 2 full bathrooms, including a finished lower level with bonus rooms and a separate entrance. The second unit features an expansive 3-bedroom, 2-bath layout with a finished attic, providing additional usable space. Additional highlights include hardwood, vinyl, and tile flooring throughout, laundry area and ample storage spaces, private balcony space, and separate utilities. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile multi-family property offers space, functionality, and long-term value in a prime Newark location. Eligible buyers may qualify for down payment and closing cost assistance programs, enhancing overall affordability.

Location

State NJ

County Essex

Rooms

Basement Finished, Full

Interior

Heating Gas-Natural

Cooling Central Air

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 1-One Story

Others

Senior Community No


Garden State MLS(GSMLS)
Listed by COMPASS NEW JERSEY LLC

NEARBY SCHOOL & BUSINESS

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Hardik Shah

Hardik Shah

Agent License ID: 1538159

+1(201) 936-2225

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58 11Th Ave