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488 S 11th St Newark, NJ $ 649,000
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$ 649,000 Get more info
488 S 11th St
$ 649,000
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Share Save

488 S 11th St

Newark, NJ, 07103
$ 649,000
Bedrooms9 Baths3.1

Monthly Estimate*

$ 4,313

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Multi-Family Home for sale in Newark, NJ

for $649,000 with 9 bedrooms and 3 full baths, 1 half bath. This home was built in 1950 on a lot size of 0.06.

Welcome to this fantastic opportunity in Newark, NJ! This well-maintained 3-family home offers the perfect balance of investment potential and comfortable living arrangements. Conveniently located in Newark,NJ, this property provides easy access to schools, shopping centers, public transportation and major highways. Each unit offers LR/DR, EIN, Bath, 3 bedrooms, plus bonus den/ Nursery room. In addition, tons of storage space in basement! Take advantage of Newark's thriving rental market and potential for long-term appreciation, making this property a solid investment choice.

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Multi-Family Pending

Price

$ 649,000

Bedrooms

9

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 11,254

Style

3-Three Story

Lot Size

0.06

Year Built

1950

Town/City

Newark

County/Region

Essex

MLS | Web ID

3893724
Features
General
Heating Baseboard - Hotwater
Cooling Wall A/C Unit(s)
Possession Imm.
Roof Asphalt Shingle
Architectural Style 3-Three Story
Year Built 1950
Township Newark City
Tax Year 2023
Gross Income 6000
County Essex
Net Operating Income 3000
Operating Expense 3000
Total Rooms 15
Status Under Contract
Directions Turn left onto Springfield Ave and right onto S 11th St
Open Parking Spaces 0
Total Units 3
Street Name S 11th St
Tax Annual Amount 11254
Drive On-Street Parking
Days on Market 21
Standard Status Under Contract
Tax Assessed Value 301900
Town # 1614
Tax Lot 42
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Interior
Basement Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Full Baths 3
Half Baths 1
Total Bedrooms 9
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Exterior
Exterior Description Vinyl Siding
Lot Dimensions 23.11X119.11
Lot Size Acres 0.06
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* Excluded Features
List By
MELINA SALAZAR

Listing Agent

Keller Williams Village Square

Broker

mmsalazarre@gmail.com

Email

Affordability Calculator

$5,251
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,313
Monthly Property Taxes
$938
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/2/2024$649,000 Listed Price

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488 S 11th St, Newark, NJ, 07103 is a Multi-Family Home for sale at $649,000 with a lot size of 0.06. 488 S 11th St has 9 bedrooms, 3.1 baths, and was built in 1950. The property's zip code is 07103 which is in Newark, NJ

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