An exceptional opportunity you don't want to miss!. Beautifully Renovated 2-Family Home with Rental Income Potential! This is a rare opportunity to own a turnkey 2-family property whether you're an investor seeking rental income or a family looking for a move-in ready home with space to grow. this home checks all the boxes. 8 Bedrooms 3 Bathrooms with Parking. This home offers the perfect blend of comfort, style, and investment potential. Designed for both multi-generational living and strong rental income opportunities, with both units currently VACANT. First Floor Unit: 3 generous bedrooms, 1 full bath, open-concept living room with fireplace, and a brand-new kitchen. Second Floor Duplex Unit: Expansive 5-bedroom, 2 full bath layout spanning two levels, complete with a private deck balcony featuring an outdoor ceiling fan ideal for relaxing or entertaining. Modern kitchens with shaker cabinets, granite countertops, and stainless steel appliances (stove, microwave/dishwasher, and side-by-side refrigerator). Ceramic tile and luxury vinyl flooring throughout. Bright and airy open layouts with alcove areas perfect for a home office or reading nook. Fireplaces in both units add warmth and charm. Driveway with rear parking, Separate utilities for each unit. Low property taxes for added value. Close to schools, shops, and public transportation. Just minutes to Downtown Newark Penn Station, the Garden State Parkway, and I-78W making this the perfect home for commuters. Added features includes Central HVAC system, 1 year Home Warranty and Doorbell Cameras for each unit.
For sale
Price cut: $36.3K (11/7)
$699,000
59 Rose Ter, Newark, NJ 07108
8beds
3baths
2,440sqft
Est.:
Multi Family
Built in 1925
-- sqft lot
$711,900 Zestimate®
$286/sqft
$-- HOA
What's special
Brand-new kitchenDriveway with rear parkingOutdoor ceiling fanHome officeReading nookModern kitchensPrivate deck balcony
- 82 days |
- 663 |
- 40 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 08:56am
Listed by:
EIESHA DUNCAN,
KELLER WILLIAMS ELITE REALTORS 732-549-1998
Source: All Jersey MLS,MLS#: 2604844R
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Central, Forced Air
Cooling
- A/C Central - All, Ceiling Fan(s)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Features
- Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 2(Kitchen, 5+ Bedrooms, Living Room, 2+ Baths, See Remarks, Den/Family Room)
- Windows: Blinds
- Basement: Partially Finished, Full, Exterior Entry, Storage Space, Utility Room, Workshop, Laundry Facilities
Interior area
- Total structure area: 2,440
- Total interior livable area: 2,440 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage, See Remarks, 3-4 Car Parking
- Garage spaces: 3
Features
- Stories: 3
- Patio & porch: Patio, Deck, Porch
- Exterior features: Patio, Deck, Blinds, Porch
Lot
- Size: 3,598.06 Square Feet
- Dimensions: 116.00 x 31.00
- Features: Near Shopping, Near Train, Near Public Transit
Details
- Parcel number: 1402624000000029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1925
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Price per square foot: $286/sqft
- Tax assessed value: $254,800
- Annual tax amount: $9,499
- Date on market: 9/22/2025
- Ownership: Fee Simple
Estimated market value
$711,900
$676,000 - $747,000
$2,233/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Price change | $699,000-4.9%$286/sqft |
Source: | ||
| 9/23/2025 | Price change | $735,250-1.2%$301/sqft |
Source: | ||
| 8/2/2025 | Price change | $743,995-2%$305/sqft |
Source: | ||
| 6/6/2025 | Listed for sale | $759,000$311/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,690 | $254,800 |
| 2024 | $9,690 +317.4% | $254,800 |
| 2023 | $2,322 | $254,800 +317% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,838/mo
Principal & interest
$3416
Property taxes
$1177
Home insurance
$245
Climate risks
Neighborhood: West Side
Nearby schools
GreatSchools rating
- 3/10Avon Avenue SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Central High SchoolGrades: 9-12Distance: 0.5 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 0.7 mi
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