This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.
Property Details
Property Features
Listing Office:
Office Name: RE/MAX SELECT - Montclair
Listing Agent: Silvio Lavrador
Interior Features
Interior Information:
Basement: Yes
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Vinyl, None
Parking Information:
Attached Garage: No
Parking: Detached
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Cooling: Gas
School Info
Assigned Schools Information:
Central High School, Public District Grades 9-12
Weequahic High School, Public District Grades 9-12
Malcom X Shabazz High School, Public District Grades 9-12
Ivy Hill Elementary School, Public District Grades PK-8
Price Information
Listing Price Info
Price Summary:
List Price: $599,900
Tax Information:
Annual Amount: $3,980
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Newark, NJ.
This property is $146.9K more than the Median List Price in Newark, NJ.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Number: #24013868
Listing Office:
Office Name: RE/MAX SELECT - Montclair
Listing Agent: Silvio Lavrador
Disclaimer: 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.
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: 5/29/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 19, 2016
Sep 19, 2016Home Sold
$47,500
Oct 15, 2008
Oct 15, 2008Home Sold
$300,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,980
$141,400
2019
$5,221
$141,400
2018
$5,034
$141,400
2017
$5,034
$141,400
History based on county public records data.
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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
4
/10
Ivy Hill Elementary School
107 Ivy St
Distance between this listing and this school0.50 miles
Public District Grades PK-8
High School
1
/10
Central High School
250 18th Ave
Distance between this listing and this school2.21 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.35 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school2.63 miles
Public District Grades 9-12
Assigned Schools
4
/10
Ivy Hill Elementary School
107 Ivy St
Distance between this listing and this school0.50 miles
Public District Grades PK-8
Nearby Schools
3
/10
Lincoln Elementary School
87 Richelieu Ter
Distance between this listing and this school0.25 miles
Public District Grades PK-8
5
/10
University Elementary School
1 University Pl
Distance between this listing and this school0.66 miles
Public District Grades KG-5
Nearby Schools
4
/10
Benjamin Banneker Academy
500 S Clinton St
Distance between this listing and this school0.54 miles
Public District Grades PK-8
4
/10
Universiy Middle School
255 Myrtle Ave
Distance between this listing and this school0.67 miles
Public District Grades 6-8
6
/10
Pride Academy Charter School
117 Elmwood Ave
Distance between this listing and this school0.96 miles
Public Charter Grades 5-8
Assigned Schools
1
/10
Central High School
250 18th Ave
Distance between this listing and this school2.21 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.35 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school2.63 miles
The neighbors living near this home have an average income of $49,328. Most Newark, NJ residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
This home is located at 40-42 Silver St in Newark, NJ and zip code 07106 in the West Ward neighborhood. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $599,900.
The number of listings in Newark, NJ increased by 25.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 93 days, the median list price was $453,000.
From Rocket Homes Real Estate and based on county public records data.