Prime Prime location. Located right off route 9 only couple mins to Newark Liberty Airport & also the Prudential center this Four units and a store front that comes with a liquor license is an investment that you will always be happy & proud you made. Four units includes Two 2 bedrooms apartment & Two 1 bedroom apartment Store front has a eatery license, liquor license that comes with the property. There is parking in the back & a huge full, high ceiling,walkout basement which can be used for storage. Opportunity is knocking in this up coming area. Now might be your time. Make an offer
Property Details
Property Features
Listing Office:
Office Name: Reliable Realty LLC
Listing Agent: Luke Graham
Interior Features
Interior Information:
Basement: Yes
Utilities
Utilities Information:
Cooling: Multi Unit(s)
School Info
Assigned Schools Information:
East Side High School, Public District Grades 9-12
Central High School, Public District Grades 9-12
Malcom X Shabazz High School, Public District Grades 9-12
Price Information
Listing Price Info
Price Summary:
List Price: $1,800,000
Tax Information:
Annual Amount: $9,529
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newark, NJ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,051
Per Month
Principal & Interest
$8,984
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,463
Powered By
Advertisement
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.
High School
2
/10
East Side High School
238 Van Buren St
Distance between this listing and this school0.80 miles
Public District Grades 9-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.00 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school1.18 miles
Public District Grades 9-12
Nearby Schools
3
/10
Newark Educators Community Charter School
9-11 Hill St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-5
4
/10
Oliver Street Elementary School
104 Oliver St
Distance between this listing and this school0.32 miles
Public District Grades PK-8
5
/10
South Street Elementary School
151 South St
Distance between this listing and this school0.41 miles
Public District Grades PK-8
Nearby Schools
9
/10
The Gray Charter School
55 Liberty St
Distance between this listing and this school0.29 miles
Public Charter Grades KG-8
5
/10
Discovery Charter School
230 Halsey St
Distance between this listing and this school0.45 miles
Public Charter Grades 4-8
4
/10
Great Oaks Charter School
24 Main St
Distance between this listing and this school0.47 miles
Public Charter Grades 6-9
Assigned Schools
2
/10
East Side High School
238 Van Buren St
Distance between this listing and this school0.80 miles
Public District Grades 9-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.00 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school1.18 miles
The neighbors living near this home have an average income of $48,500. The most common annual income of people living in Newark, NJ is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 327 Mulberry St in Newark, NJ and zip code 07102 in the Central Ward neighborhood. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $1,800,000.
The number of homes for sale in Newark, NJ increased by 25.9% between March 2024 and April 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.