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For sale
  • Price cut: $36.3K (11/7)
    $699,000

    59 Rose Ter, Newark, NJ 07108

    8beds
    3baths
    2,440sqft
    : 
    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
    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.
    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#: 2604844RMLS Logo

    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
    DateEventPrice
    11/7/2025Price change$699,000-4.9%$286/sqft
    Source: GSMLS #3988553 Report a problem
    9/23/2025Price change$735,250-1.2%$301/sqft
    Source: GSMLS #3988553 Report a problem
    8/2/2025Price change$743,995-2%$305/sqft
    Source: GSMLS #3967857 Report a problem
    6/6/2025Listed for sale$759,000$311/sqft
    Source: GSMLS #3967857 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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