You now have an unbelievable chance to become the owner of this legal three-unit multi-family property. Spacious bedrooms, large living rooms and a complete mother daughter suite in the backyard are just some of the perks. This is a legal three family home with an additional mother daughter suite located in the backyard. Currently, there is $60,600 of rent being collected per year. As you walk into the primary unit on the second floor you are greeted with a huge living room, a renovated kitchen with an island, barnyard doors and a spacious attic. Situated in the desirable Ironbound section, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 5 minutes from Newark Penn Station and 10 from Beth Israel Hospital. 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.
Property Details
Property Features
Property Information:
Architectural Style: 3-Three Story
Year Built: 1887
Listing Office:
Office Name: SIGNATURE REALTY NJ
Office Phone: (973) 855-2645
Interior Features
Interior Information:
Appliances: Refrigerator, Dishwasher
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 5
Total Bedroom Count: 9
Exterior Features
Parking Information:
Parking: On-Street Parking
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Natural Gas
School Info
Assigned Schools Information:
East Side High School, Public District Grades 9-12
Malcom X Shabazz High School, Public District Grades 9-12
Central High School, Public District Grades 9-12
South Street Elementary School, Public District Grades PK-8
Other
Directions Information:
Directions: Google maps
Price Information
Listing Price Info
Price Summary:
List Price: $775,000
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Housing Market Comparison
See how this home compares to others in Newark, NJ.
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.
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Property Sales & Tax
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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
5
/10
South Street Elementary School
151 South St
Distance between this listing and this school0.06 miles
Public District Grades PK-8
High School
2
/10
East Side High School
238 Van Buren St
Distance between this listing and this school0.67 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school1.10 miles
Public District Grades 9-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.18 miles
Public District Grades 9-12
Assigned Schools
5
/10
South Street Elementary School
151 South St
Distance between this listing and this school0.06 miles
Public District Grades PK-8
Nearby Schools
4
/10
Oliver Street Elementary School
104 Oliver St
Distance between this listing and this school0.28 miles
Public District Grades PK-8
3
/10
Lafayette Street Elementary School
205 Lafayette St
Distance between this listing and this school0.65 miles
Public District Grades PK-8
Nearby Schools
9
/10
The Gray Charter School
55 Liberty St
Distance between this listing and this school0.57 miles
Public Charter Grades KG-8
5
/10
Discovery Charter School
230 Halsey St
Distance between this listing and this school0.82 miles
Public Charter Grades 4-8
4
/10
Great Oaks Charter School
24 Main St
Distance between this listing and this school0.84 miles
Public Charter Grades 6-9
Assigned Schools
2
/10
East Side High School
238 Van Buren St
Distance between this listing and this school0.67 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school1.10 miles
Public District Grades 9-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.18 miles
The neighbors living near this home have an average income of $22,349. The majority of Newark, NJ residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 143 Tichenor St in Newark City, NJ and zip code 07105 in the East Ward neighborhood. This home, which was built in 1887, sits on a 0.05 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $775,000.
Newark, NJ housing market in October 2024 saw over 24 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $396,125, while the average time on the real estate market was 75 days.
From Rocket Homes Real Estate and based on county public records data.