new - 3 days on rocket

121 Smith St Unit 4, Newark City, NJ, 07106

$799,000

Home List Price

$9,488*

Closing Credit

10 Bedrooms
4 Full Baths
Multi

Location

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121 Smith St Unit 4, Newark$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 Car Width, On Site
Year Built1950
HeatingNatural Gas
BasementYes
MLS #3932235
Lot Size0.11 Acres
StatusActive

About 121 Smith St Unit 4

Prime Investment Opportunity This income-producing fourplex is ready for immediate occupancy, ideal for the savvy investor and buyers looking to offset expenses with rental income. Located minutes from Seton Hall University, this property offers convenience and rental appeal. Each spacious unit features an oversized kitchen, 2 or 3 bedrooms, a dedicated dining area, and ample closets, ensuring comfort and functionality for tenants. The shared spaces are well-designed, with a private fenced backyard that includes a generous deck perfect for outdoor gatherings. Additionally, a private driveway offering ample off-street parking for tenants and visitors. Separate utilities in the partially finished basement, accessible through a private above-ground entrance, opens possibilities for additional creative uses. The basement adds valuable square footage and functionality to the property without compromising tenant privacy. This fourplex is ideally situated close to South Orange's charming downtown area, known for its array of dining, shopping, and entertainment options. Public transportation is easily accessible, with bus lines and the South Orange Train Station nearby, offering convenient commutes to New York City and other neighboring towns. Quick access to major highways adds to the appeal, attracting tenants who value both suburban charm and urban accessibility. Don't miss out on this outstanding investment opportunity with strong income potential in a sought-after location

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1950

Listing Office:

  • Office Name: BHHS JORDAN BARIS REALTY
  • Office Phone: (973) 736-1600

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Smoke Detector

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Deck, Storm Door(s), Storm Window(s)

Parking Information:

  • Parking: 1 Car Width, On Site

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Weequahic High School, Public District Grades 9-12
  • Lincoln Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Tremont Avenue to Smith Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

Med. Sold Price

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

121 Smith St Unit 4 vs Newark

3 DAYS ON ROCKET

-72 Days

$799,000

+$402.8K More

KEY TAKEAWAY

This property is $402.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3932235

Listing Office:

  • Office Name: BHHS JORDAN BARIS REALTY
  • Office Phone: (973) 736-1600

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: 11/5/2024, 12:55:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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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-1941197
3
/10
  • Lincoln Elementary School

  • 87 Richelieu Ter

  • 0.46 miles

  • Public District Grades PK-8

High School

school-card-donut-1941198
1
/10
  • Central High School

  • 250 18th Ave

  • 2.37 miles

  • Public District Grades 9-12

school-card-donut-1941199
1
/10
  • Barringer High School

  • 90 Parker St

  • 2.69 miles

  • Public District Grades 9-12

school-card-donut-1941200
1
/10
  • Weequahic High School

  • 279 Chancellor Ave

  • 2.72 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,734. Most Newark, NJ residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesNew JerseyEssex CountyNewark07106121 Smith St Unit 4

This home is located at 121 Smith St Unit 4 in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home, which was built in 1950, sits on a 0.11 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $799,000.

In October 2024 more than 24 listings in Newark, NJ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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