This 4 family property is an investor's dream located on a quiet street in the Ivy Hill Section of Newark. Each unity has separate gas and electric meters. The building has great pay performance with all tenants current on all rent. All units are occupied with tenants who are interested in staying in place. There is a unique opportunity to convert the attic into another rental with one bedroom and full bathroom. This is an ''AS IS'' sale. Seller will make no repairs. It is a short walk to public transportation, 10 minutes to Penn Station rails and the airport.
Sold for $630,000 on 06/28/24
$630,000
26-28 Unity Avenue, Newark, NJ 07106
8beds
4,306sqft
Multi Family
Built in 1925
-- sqft lot
$698,800 Zestimate®
$146/sqft
$2,579 Estimated rent
Home value
$698,800
$608,000 - $804,000
$2,579/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 15, 2025 at 07:22pm
Listed by:
Robin L Pickett 732-693-4770,
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Bought with:
Robin L Pickett, 1970470
Berkshire Hathaway HomeServices Fox & Roach - Sea Girt
Source: MoreMLS,MLS#: 22319938
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Multi Units
Features
- Center Hall
- Flooring: Wood, Linoleum, Ceramic Tile
- Basement: Slab
- Attic: Attic
Interior area
- Total structure area: 4,306
- Total interior livable area: 4,306 sqft
Property
Parking
- Parking features: On Street, None
Features
- Stories: 2
Details
- Parcel number: 0714_4077_69
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Newark
- Subdivision: None
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | $630,000-6.7%$146/sqft |
Source:  MoreMLS #22319938 | ||
| 8/25/2023 | Pending sale | $675,000$157/sqft |
Source: MoreMLS #22319938 | ||
| 7/21/2023 | Listed for sale | $675,000+171.1%$157/sqft |
Source: MoreMLS #22319938 | ||
| 7/11/2012 | Listing removed | $249,000$58/sqft |
Source: Realmart Realty, LLC #2932070 | ||
| 5/15/2012 | Price change | $249,000-9.5%$58/sqft |
Source: Realmart Realty, LLC #2932070 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,363 +33.4% | $246,200 +33.4% |
| 2024 | $7,020 +0.1% | $184,600 |
| 2023 | $7,015 | $184,600 |
Find assessor info on the county website
Neighborhood: Lower Vailsburg
Nearby schools
GreatSchools rating
- 6/10Ivy Hill Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 1.5 mi
- 1/10Central High SchoolGrades: 9-12Distance: 2 mi
Get a cash offer in 3 minutes
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Estimated market value
$698,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$698,800