11 days on rocket

56-58 Shaw Ave, Newark City, NJ, 07112

$499,999

Home List Price

$5,937*

Closing Credit

8 Bedrooms
5 Full Baths
Multi
Schools Nearby

Location

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56-58 Shaw Ave, Newark$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAdditional Parking, Blacktop, Driveway-Exclusive
Year Built1927
BasementYes
MLS #3898328
Lot Size0.10 Acres
StatusActive

About 56-58 Shaw Ave

*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story, Under/Over
  • Year Built: 1927

Listing Office:

  • Office Name: RE/MAX 1ST ADVANTAGE
  • Office Phone: (732) 827-5344

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes
  • Interior: Blinds, Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Curbs, Metal Fence, Open Porch(es), Partially Fenced, Sidewalk, Storm Door(s), Storm Window(s)

Parking Information:

  • Parking: Additional Parking, Blacktop, Driveway-Exclusive

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.10 Acres

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • George Washington Carver Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Wainwright St to Shaw Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
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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

56-58 Shaw Ave vs Newark

11 DAYS ON ROCKET

-82 Days

$499,999

+$46.9K More

KEY TAKEAWAY

This property is $46.9K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3898328

Listing Office:

  • Office Name: RE/MAX 1ST ADVANTAGE
  • Office Phone: (732) 827-5344

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: 5/6/2024, 9:20:30 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.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-7146420
3
/10

  • George Washington Carver Elementary School

  • 333 Clinton Pl

  • 0.12 miles

  • Public District Grades PK-8

High School

school-card-donut-7146421
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.34 miles

  • Public District Grades 9-12

school-card-donut-7146422
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.38 miles

  • Public District Grades 9-12

school-card-donut-7146423
1
/10

  • Central High School

  • 250 18th Ave

  • 1.70 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 $31,792. Typical income of Newark, NJ residents is less than $35k annually. The majority of families are 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›07112›56-58 Shaw Ave

This home is located at 56-58 Shaw Ave in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. This home, which was built in 1927, sits on a 0.10 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $499,999.

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, 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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