2 months on rocket

277-279 N 5th St, Newark, NJ, 07107

$850,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
6 Full Baths
Multi
Schools Nearby

Location

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277-279 N 5th St, Newark$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Park Space
HeatingNatural Gas, Radiant
CoolingGas
BasementYes
WaterfrontNone
FireplaceNone
MLS #24003737
StatusActive
(ACTIVE)

About 277-279 N 5th St

Welcome to 277 N 5th Street #279, a spacious 4-unit property located in North Newark. This multi-family's interior living space spans more than 3,500 square feet. The partially finished basement runs the width of the entire building and offers the possibility of two additional rental units complimented by two full bathrooms. Three units feature a sunroom, a living room, two bedrooms, a full bathroom, and an eat-in kitchen. The fourth unit features a sunroom, a living room, three bedrooms, a full bathroom and an eat-in kitchen. The building's 5,001 square foot lot showcases a private driveway that leads to three detached garages in the back of the property. The lot has room for parking more than 3 additional vehicles in the back. This property is located just one block from the light rail and a few minutes from Newark Penn Station. With endless income opportunities this property is an investor's dream. Book your tour today!

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Villa Realtors-North Bergen
  • Listing Agent: Gennifer Stribling

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Brick, Security

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Park Space

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant
  • Cooling: Gas

School Info

Assigned Schools Information:

  • Barringer High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Technology High School, Public District Grades 9-12
  • Sussex Avenue Elementary School, Public District Grades PK-8

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

$453K

Med. Price/SqFt

$241

Avg. Days On Market

93

# of Sold Homes

20

277-279 N 5th St vs Newark

85 DAYS ON ROCKET

-8 Days

$850,000

+$397K More

KEY TAKEAWAY

This property is $397K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24003737

Listing Office:

  • Office Name: RE/MAX Villa Realtors-North Bergen
  • Listing Agent: Gennifer Stribling

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 6:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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NMLS#3030

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-4898624
2
/10

  • Sussex Avenue Elementary School

  • 307 Sussex Ave

  • 0.21 miles

  • Public District Grades PK-8

High School

school-card-donut-4898625
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.80 miles

  • Public District Grades 9-12

school-card-donut-4898626
1
/10

  • Central High School

  • 250 18th Ave

  • 1.31 miles

  • Public District Grades 9-12

school-card-donut-4898627
8
/10

  • Technology High School

  • 223 Broadway

  • 1.34 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 $29,839. Residents of Newark, NJ typically earn less than $35k each year. Typical family type is single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07107›277-279 N 5th St

This home is located at 277-279 N 5th St in Newark, NJ and zip code 07107 in the West Ward neighborhood. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 07, 2024 and is currently priced at $850,000.

In April 2024 in Newark, NJ there were 25.9% more homes for sale than in March 2024. In April 2024, listings were on the market for 93 days. During the same period, the median list price in this real estate market was $453,000.

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

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