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
Other
Directions Information:
Directions: Google maps
Price Information
Listing Price Info
Price Summary:
List Price: $775,000
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Housing Market Comparison
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
East Ward Elementary School
104 Oliver St
Distance between this listing and this school0.28 miles
Public District Grades PK-3
4
/10
Newark Educators Community Charter School
9-11 Hill St
Distance between this listing and this school0.83 miles
Public Charter Grades PK-4
5
/10
Sir Isaac Newton Elementary School
150 Newton St
Distance between this listing and this school1.39 miles
Public District Grades PK-1
Nearby Schools
4
/10
South Street Elementary School
44-48 Hermon Street
Distance between this listing and this school0.08 miles
Public District Grades PK-8
6
/10
Oliver Street Elementary School
86 Oliver St
Distance between this listing and this school0.26 miles
Public District Grades PK-8
6
/10
Link Community Charter School
23 Pennsylvania Ave
Distance between this listing and this school0.47 miles
Public Charter Grades 5-8
Nearby 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
4
/10
Great Oaks Legacy Charter School
909 Broad St
Distance between this listing and this school0.69 miles
Public Charter Grades PK-12
3
/10
Marion P. Thomas Charter School
88-108 Shipman St
Distance between this listing and this school0.83 miles
The neighbors living near this home have an average income of $22,349. Most Newark, NJ residents have annual incomes less than $35k. 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.
In October 2024, from all listings sold in Newark, NJ there were more than 24 sold above asking price, over 7 sold below and more than 3 were sold right at the asked price. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. In October 2024 median list price was $396,125 and the average listing age was 75 days.
From Rocket Homes Real Estate and based on county public records data.