6 months on rocket

167 S 11th, Newark City, NJ, 07107

$759,999

Home List Price

$9,025*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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167 S 11th, Newark$759,999

Buyer Closing Credits

$9,025*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingSee Remarks
Year Built1920
HeatingOther, Electric
CoolingOther
BasementYes
MLS #3905477
StatusActive

About 167 S 11th

Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants.With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization. Upon delivery, one unit will be vacant, providing the perfect opportunity for immediate value addition and potential rent increase.Furthermore, one of the units merely requires slight updates, offering a straightforward path to enhancing its appeal and maximizing rental income. The 2-bedroom apartment, in particular, commands excellent rents, making it a lucrative asset within the property. Located in a thriving neighborhood with access to local amenities and transportation options, this property holds immense promise for investors. CLOSING COST PROGRAM The Closing Cost Program provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. 2/3 Units VACANT OCTOBER 2024

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1920

Listing Office:

  • Office Name: WEICHERT REALTORS
  • Office Phone: (347) 819-1834

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Interior: See Remarks

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: See Remarks

Parking Information:

  • Parking: See Remarks

Utilities

Utilities Information:

  • Heating: Other, Electric
  • Cooling: Other

Other

Directions Information:

  • Directions: PLEASE USE GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $759,999
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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

167 S 11th vs Newark

198 DAYS ON ROCKET

+184 Days

$759,999

+$359.9K More

KEY TAKEAWAY

This property is $359.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3905477

Listing Office:

  • Office Name: WEICHERT REALTORS
  • Office Phone: (347) 819-1834

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: 12/18/2024, 11:20:48 PM 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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Payment Calculator

$3,861

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,345

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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-114581
3
/10

  • Roseville Community Charter School

  • 540 Orange St

  • 0.44 miles

  • Public Charter Grades KG-4

school-card-donut-114582
5
/10

  • Dionne Warwick Institute

  • 120 Central Ave

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-114583
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. The majority of 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›167 S 11th

This home is located at 167 S 11th in Newark City, NJ and zip code 07107 in the West Ward neighborhood. This home was built in 1920. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $759,999.

Newark, NJ housing market in November 2024 saw over 22 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. Between October 2024 and November 2024, Newark, NJ real estate market has seen increase in the number of listings by 13.5%. 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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