134 Palm St Newark City, NJ $ 650,000
134 Palm St
$ 650,000
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134 Palm St

Newark City, NJ, 07106
$ 650,000
Bedrooms7 Baths5.0 Sq 2,558

Monthly Estimate*

$ 4,320

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Multi-Family Home for sale in Newark City, NJ for $650,000 with 7 bedrooms and 5 full baths. This 2,558 square foot home was built in 2003 on a lot size of 0.06.

You now have an unbelievable chance to become the owner of this two-unit multi-family property! Spacious bedrooms, large living rooms and $4,000/month in rental income are just a few of the highlights. When you walk into each unit you are greeted with a large living room area. Couple steps down and you walk into your open concept kitchen and dining room area. Down the hall you will walk past two generously sized bedrooms to enter the large master bedroom with an accompanying master bathroom. Not to mention this property is currently generating $4,000/month in rental income from just one of the units! While still having room for an owner-occupant to move into the renovated second floor unit. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 15 minutes from Newark Penn Station. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.

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Multi-Family Active

Price

$ 650,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,115

Style

3-Three Story

Lot Size

0.06

Year Built

2003

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3901411

Features
General
Sewer Public Sewer
Heating 2 Units
Cooling Central Air
Utilities Electric
Possession ASAP
Roof Asphalt Shingle
Architectural Style 3-Three Story
Year Built 2003
Township Newark City
Tax Year 2023
Gross Income 9999
County Essex
Net Operating Income 9999
Operating Expense 9999
Total Rooms 18
Status Active
Directions Google Maps
Open Parking Spaces 2
NumberOfUnitsTotal 2
Street Name Palm St
Tax Annual Amount 8115
Drive 1 Car Width
Days on Market 17
Standard Status Active
Tax Assessed Value 217700
Town # 1614
Tax Lot 143
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Interior
Basement Finished
Unit 1 Baths Total 3.0
Unit 1 Beds Total 4
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Fuel Type Electric
Full Baths 5
Half Baths 0
Total Bedrooms 7
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Exterior
Water Source Public Water
Exterior Description Aluminum Siding
Building Area Total 2558
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
ALNAZIR BLACKMAN

Listing Agent

Signature Realty Nj

Broker

Affordability Calculator

$4,996
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,320
Monthly Property Taxes
$676
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
Pricing History
DatePricePrice ChangeDescription
5/13/2024$650,000 Listed Price

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134 Palm St, Newark City, NJ, 07106 is a Multi-Family Home for sale at $650,000 with 2,558 sqft and a lot size of 0.06. 134 Palm St has 7 bedrooms, 5.0 baths, and was built in 2003. The property's zip code is 07106 which is in Newark City, NJ