28 days on rocket

16 Poe, Newark City, NJ, 07106

$850,000

Home List Price

$10,000*

Closing Credit

11 Bedrooms
4 Full Baths, 1 Partial
Multi
Schools Nearby

Location

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16 Poe, Newark$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAdditional Parking, Blacktop, Detached Garage, On Site
Garage3 spaces
Year Built1940
HeatingNatural Gas
CoolingCeiling Fan(s)
BasementYes
MLS #3893261
Lot Size0.14 Acres
StatusActive

About 16 Poe

Come see the crown jewel of Newark's desirable Vailsburg neighborhood! This rarely available, beautifully maintained, brick-faced 3-family home is ready for its new owner! Step off of peaceful and idyllic Poe Avenue and into more than 4,500 square feet of income generating possibilities. All 3 units are spacious with high ceilings, separate hot water heaters, gas meters, electrical boxes and furnaces. All units showcase spacious bedrooms, easy-flowing floor plans and hardwood flooring. The basement spans the width of the house and features a half-bathroom as well as a partially finished bedroom. The premises are secured by cameras and a security service that sends alerts directly to the owner's phone. Three detached garages sit directly in the back of the house along with space for three other vehicles to be parked in the back. The driveway allows parking for up to four cars. Located just five minutes from Seton Hall University and one block away from public transportation this property is an investor's dream. Book your tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1940

Listing Office:

  • Office Name: RE/MAX VILLA REALTORS
  • Office Phone: (201) 868-3100

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Additional Parking, Blacktop, Detached Garage, On Site

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Weequahic High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Lincoln Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Make a right off of Rte. 510.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
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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

$449.9K

Med. Price/SqFt

$234

Avg. Days On Market

97

# of Sold Homes

24

16 Poe vs Newark

28 DAYS ON ROCKET

-69 Days

$850,000

+$400K More

KEY TAKEAWAY

This property is $400K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3893261

Listing Office:

  • Office Name: RE/MAX VILLA REALTORS
  • Office Phone: (201) 868-3100

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: 4/27/2024, 4:25:13 PM 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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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Elementary School

school-card-donut-1396417
3
/10

  • Lincoln Elementary School

  • 87 Richelieu Ter

  • 0.26 miles

  • Public District Grades PK-8

High School

school-card-donut-1396418
1
/10

  • Central High School

  • 250 18th Ave

  • 2.49 miles

  • Public District Grades 9-12

school-card-donut-1396419
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 2.65 miles

  • Public District Grades 9-12

school-card-donut-1396420
1
/10

  • Barringer High School

  • 90 Parker St

  • 2.92 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 $32,734. Most Newark, NJ residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07106›16 Poe

This home is located at 16 Poe in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home, which was built in 1940, sits on a 0.14 acre lot. Features: 11 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 30, 2024 and is currently priced at $850,000.

Between February 2024 and March 2024, Newark, NJ real estate market has seen increase in the number of listings by 31.1%. Listings spent 97 days on the market in March 2024, and had a median list price of $449,995 during the same period.

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

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