3 months on rocket

162 S 11th St, Newark, NJ, 07107

$595,000

Home List Price

$7,066*

Closing Credit

10 Bedrooms
4 Full Baths
Multi

Location

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162 S 11th St, Newark$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24030423
StatusActive

About 162 S 11th St

Newly Back on Market! Prime Investment Opportunity in Newark Just 15 minutes from Prudential Center and near public transportation, this two-family home offers $60,000+ in annual rental income and a bonus unit. Property Highlights: New Roof with 10-year warranty Three Units: 4-bed/1-bath, 4-bed/2-bath, 2-bed/1-bath Prime Location near public transport, shopping, and dining On-Site Laundry Facilities Strong Rental History With an ideal layout and high-demand location, this property promises impressive returns. It's a perfect investment for both seasoned and first-time investors. Don't miss out on this rare opportunity in Newark's growing market!

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Hudson Valley Realty
  • Office Phone: (845) 639-0300
  • Listing Agent: Taylor J. Toney

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000

Tax Information:

  • Annual Amount: $6,608
  • Tax Year: 2020
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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

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

162 S 11th St vs Newark

90 DAYS ON ROCKET

+76 Days

$595,000

+$195K More

KEY TAKEAWAY

This property is $195K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24030423

Listing Office:

  • Office Name: Keller Williams Hudson Valley Realty
  • Office Phone: (845) 639-0300
  • Listing Agent: Taylor J. Toney

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:21:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 03, 2021Home Sold
$500,000
Jan 24, 2017Home Sold
$310,000
Jul 06, 2011Home Sold
$40,000
Jan 30, 2007Home Sold
$305,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,608$175,700
2019$6,488$175,700
2018$6,255$175,700
2017$6,255$175,700

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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NMLS#3030

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-4551648
3
/10

  • Roseville Community Charter School

  • 540 Orange St

  • 0.42 miles

  • Public Charter Grades KG-4

school-card-donut-4551649
5
/10

  • Dionne Warwick Institute

  • 120 Central Ave

  • 0.58 miles

  • Public District Grades PK-5

school-card-donut-4551650
3
/10

  • Mildred Barry Garvin Elementary School

  • 1 Grove Pl

  • 0.77 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,991. Typical income of Newark, NJ residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07107›162 S 11th St

This home is located at 162 S 11th St in Newark, NJ and zip code 07107 in the West Ward neighborhood. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $595,000.

In November 2024, from all listings sold in Newark, NJ there were more than 22 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. The number of listings in Newark, NJ increased by 13.5% between October 2024 and November 2024. In November 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $400,000.

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

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