22 Farley Ave, Newark City, NJ, 07108

Location

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22 Farley Ave, Newark$599,000

Buyer Closing Credits

$7,113^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

Parking1 Car Width, Detached Garage

Garage2 spaces

HeatingNatural Gas

BasementYes

MLS #3924615

Lot Size0.09 Acres

StatusActive

About 22 Farley Ave

Welcome to a fantastic opportunity to own a well-maintained legal two-family home in the heart of Newark, NJ. This property is a great investment, featuring spacious units, each with generously sized three bedrooms. In addition, the attic offers extra living space with three additional bedrooms. All units are in excellent condition and have separate utilities. The property also includes a detached two-car garage. Located in a prime area with easy access to public transportation, major highways, Newark Penn Train Station, and local stores, this is a money-making multi-family home you don't want to miss!

Property Details

Property Features

Property Information:

Architectural Style: 3-Three Story

Listing Office:

Office Name: TWRG REALTY GROUP
Office Phone: (908) 355-1717

Interior Features

Interior Information:

Appliances: Refrigerator
Basement: Yes

Bedroom and Bathroom Information:

Full Bathrooms: 3
Total Bedroom Count: 9

Exterior Features

Parking Information:

Garage Space: 2 spaces
Attached Garage: No
Parking: 1 Car Width, Detached Garage

Lot Features

Lot Information:

Lot Size: 0.09 Acres

Utilities

Utilities Information:

Heating: Natural Gas

Other

Directions Information:

Directions: Between Avon Ave. and Madison Ave.

Price Information

Listing Price Info

Price Summary:

List Price: $599,000

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Housing Market Comparison

See how this home compares to others in Newark, NJ.

Newark, NJ

City

Med. Sold Price

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

# of Sold Homes

22 Farley Ave vs Newark

4 DAYS ON ROCKET

-71 Days

$599,000

+$202.8K More

KEY TAKEAWAY

This property is $202.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Number: #3924615

Listing Office:

Office Name: TWRG REALTY GROUP
Office Phone: (908) 355-1717

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Last updated on: 11/14/2024, 12:55:46 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.

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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

/10

Harriet Tubman Elementary School
504 S 10th St
Distance between this listing and this school0.67 miles
Public District Grades PK-6

/10

Thurgood Marshall Elementary School
141 Montgomery Ave # 181
Distance between this listing and this school0.89 miles
Public District Grades PK-5

/10

Berkeley Terrace Elementary School
787 Grove St
Distance between this listing and this school1.03 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

32%

<35k

60%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 60%
Post Secondary: 40%

What types of families live nearby?

47%

Single, No Kids

30%

Single, with Kids

11%

Married, No Kids

12%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 74%
Home Owners: 26%

How old are people in this area?

18%

<11 yrs old

11%

12-17 yrs old

26%

18-34 yrs old

35%

35-64 yrs old

10%

65+ yrs old

What do the neighbors do for fun?

Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)

Where do the neighbors shop?

Foot Locker
Burlington
H&M

Where do the neighbors go to eat?

Little Caesars
White Castle
Boston Market

What do the neighbors drive?

Dodge
Kia
Honda

What do the neighbors listen to?

Urban Adult Contemporary
Rhythmic Contemporary Hits

The neighbors living near this home have an average income of $43,538. Typical income of Newark, NJ residents is between $35k-100k annually. The most common type of family is 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›07108›22 Farley Ave

This home is located at 22 Farley Ave in Newark City, NJ and zip code 07108 in the South Ward neighborhood. This home sits on a 0.09 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $599,000.

Over 24 listings were sold over their listed price in October 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. While the average time on the market in October 2024 was 75 days, the median list price was $396,125.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

More Resources

More Homes For Sale in Newark

Homes For Sale in Nearby Cities

Housing Market Reports in Essex County