new - 6 days on rocket

126 Magazine St, Newark City, NJ, 07105

$479,900

Home List Price

$5,699*

Closing Credit

4 Bedrooms
3 Full Baths
Multi

Location

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126 Magazine St, Newark$479,900

Buyer Closing Credits

$5,699*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn-Street Parking
Year Built1900
HeatingMulti Unit(s), Natural Gas
BasementYes
MLS #3939258
Lot Size0.06 Acres
StatusActive

About 126 Magazine St

Attention contractors and investors, don't miss this opportunity to buy this 2 story 2 family property in the Ironbound section of Newark. Property needs major renovations. Seller prefers cash deal due to the condition of the property, or a qualified buyer with a 203k or a renovation loan approved.Property sold as is condition buyer to close with temporary C C C & Fire certificates.

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story, Fixer Upper
  • Year Built: 1900

Listing Office:

  • Office Name: EXIT REALTY LUCKY ASSOCIATES
  • Office Phone: (973) 817-7700

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: On-Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Multi Unit(s), Natural Gas

Other

Directions Information:

  • Directions: Between Ferry Street and Rome Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $479,900
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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. Sold Price

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

126 Magazine St vs Newark

6 DAYS ON ROCKET

-25 Days

$479,900

+$39.9K More

KEY TAKEAWAY

This property is $39.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #3939258

Listing Office:

  • Office Name: EXIT REALTY LUCKY ASSOCIATES
  • Office Phone: (973) 817-7700

Information deemed reliable but not guaranteed. Copyright © 2025 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: 1/7/2025, 12:55:47 AM 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

$2,463

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,505

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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.

Nearby Schools

school-card-donut-785955
1
/10

  • East Ward Elementary School

  • 104 Oliver St

  • 1.13 miles

  • Public District Grades PK-3

school-card-donut-785956
5
/10

  • Hamilton Intermediate School

  • 223 Hamilton St

  • 1.67 miles

  • Public District Grades 4-5

school-card-donut-785957
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 1.84 miles

  • Public Charter Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,590. Typical income of Newark, NJ residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07105›126 Magazine St

This home is located at 126 Magazine St in Newark City, NJ and zip code 07105 in the East Ward neighborhood. This home, which was built in 1900, sits on a 0.06 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 31, 2024 and is currently priced at $479,900.

In December 2024, from all listings sold in Newark, NJ there were more than 17 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. The number of listings in Newark, NJ increased by 10.8% between November 2024 and December 2024. The median list price of listings available in December 2024 was $440,000, while the average time on the real estate market was 31 days.

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

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