Active

$649,900

53 Rose Ter, Newark City, NJ 07108

8beds

3,200sqft

Est.:

Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$203/sqft

$-- HOA

What's special

Separate apartment

Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!

80 days

117

17

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

3 Units, Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas, Refrigerator, Gas Water Heater

Features

Bedrooms, Kitchen, Living Room
Basement: Yes,Partially Finished
Has fireplace: No

Interior area

Total structure area: 3,200
Total interior livable area: 3,200 sqft

Property

Parking

Parking features: On Street, On-Street Parking
Has uncovered spaces: Yes

Lot

Size: 3,484.8 Square Feet
Dimensions: 31 x 113.7

Details

Parcel number: 1614026240000000260000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1930
Major remodel year: 2024

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities, Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Newark

Financial & listing details

Price per square foot: $203/sqft
Tax assessed value: $173,100
Annual tax amount: $6,582
Date on market: 9/24/2025
Exclusions: Personal Items,
Total actual rent: 2200
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
12/4/2025	Listed for sale	$649,900$203/sqft
Source: GSMLS #3988801 Report a problem
11/8/2025	Pending sale	$649,900$203/sqft
Source: GSMLS #3988801 Report a problem
9/24/2025	Listed for sale	$649,900+6.5%$203/sqft
Source: GSMLS #3988801 Report a problem
9/9/2024	Sold	$610,000-1.6%$191/sqft
Source: GSMLS #3890139 Report a problem
7/5/2024	Pending sale	$620,000$194/sqft
Source: NJMLS #24007307 Report a problem