16 days on rocket

27 Grand Ave, Newark City, NJ, 07106

$574,900

Home List Price

$6,827*

Closing Credit

6 Bedrooms
2 Full Baths
Multi
Schools Nearby

Location

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27 Grand Ave, Newark$574,900

Buyer Closing Credits

$6,827*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAdditional Parking, Driveway-Shared
Year Built1952
HeatingMulti Unit(s), Natural Gas
CoolingNone
BasementYes
MLS #3902198
Lot Size0.14 Acres
StatusActive

About 27 Grand Ave

Welcome to your chance to purchase a hard to find updated two family home. This impeccably maintained two-family home offers not just one, but two spacious units, making it an ideal investment opportunity or a perfect solution for multi-generational living or an investor looking to cash flow. Home features separate boilers, separate water heaters and electrical systems. Each unit has 3 bedrooms, living and dining and 1 bath. Each unit features well-appointed living spaces, including inviting living rooms, comfortable bedrooms, updated kitchens, and updated bathrooms. Flexible layouts offer endless possibilities for customization to suit your lifestyle or rental preferences. Nestled in a serene neighborhood, yet conveniently close to major amenities, schools, parks, and transportation routes, this property offers the best of both worlds - tranquility and accessibility. Step outside to discover a huge backyard retreat, perfect for relaxing, entertaining, or outdoor activities. Enjoy summer barbecues, gardening, or simply basking in the sunshine in your own backyard haven. With a vacancy in a multi-family property being a rare find, this home presents a lucrative opportunity for savvy investors. Take advantage of the strong rental market.

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story
  • Year Built: 1952

Listing Office:

  • Office Name: RE/MAX FIRST REALTY II
  • Office Phone: (908) 664-1500

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Additional Parking, Driveway-Shared

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Multi Unit(s), Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: South Orange Ave to Grand Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $574,900
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

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Newark, NJ

City

Med. List Price

$453K

Med. Price/SqFt

$241

Avg. Days On Market

93

# of Sold Homes

20

27 Grand Ave vs Newark

16 DAYS ON ROCKET

-77 Days

$574,900

+$121.9K More

KEY TAKEAWAY

This property is $121.9K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3902198

Listing Office:

  • Office Name: RE/MAX FIRST REALTY II
  • Office Phone: (908) 664-1500

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-6264049
1
/10

  • Central High School

  • 250 18th Ave

  • 1.89 miles

  • Public District Grades 9-12

school-card-donut-6264050
1
/10

  • Barringer High School

  • 90 Parker St

  • 2.23 miles

  • Public District Grades 9-12

school-card-donut-6264051
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 2.45 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,636. Residents of Newark, NJ typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07106›27 Grand Ave

This home is located at 27 Grand Ave in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home, which was built in 1952, sits on a 0.14 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $574,900.

Between March 2024 and April 2024, Newark, NJ real estate market has seen increase in the number of listings by 25.9%. In April 2024 median list price was $453,000 and the average listing age was 93 days.

From Rocket Homes Real Estate and based on county public records data.

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