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
Listing Office:
Office Name: TWRG Realty Group/The World Realty Group
Listing Agent: Moshe Wigder
Interior Features
Interior Information:
Basement: Yes
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 9
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Vinyl, None
Parking Information:
Attached Garage: No
Parking: Detached
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Window Unit(s)
School Info
Assigned Schools Information:
Central High School, Public District Grades 9-12
Malcom X Shabazz High School, Public District Grades 9-12
Weequahic High School, Public District Grades 9-12
Avon Avenue Elementary School, Public District Grades KG-8
Price Information
Listing Price Info
Price Summary:
List Price: $599,000
Tax Information:
Annual Amount: $7,951
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Newark, NJ.
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: #24030153
Listing Office:
Office Name: TWRG Realty Group/The World Realty Group
Listing Agent: Moshe Wigder
Disclaimer: 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.
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: 11/5/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 03, 2020
Dec 03, 2020Home Sold
$319,200
Dec 03, 2020
Dec 03, 2020Home Sold
$349,000
Jan 23, 2019
Jan 23, 2019Home Sold
$165,000
Nov 08, 2017
Nov 08, 2017Home Sold
$138,000
Sep 23, 2016
Sep 23, 2016Home Sold
$80,000
Aug 21, 2007
Aug 21, 2007Home Sold
$315,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,951
$248,200
2019
$9,166
$248,200
2018
$8,836
$248,200
2017
$8,836
$248,200
History based on county public records data.
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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.
Elementary School
2
/10
Avon Avenue Elementary School
219 Avon Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-8
High School
1
/10
Central High School
250 18th Ave
Distance between this listing and this school0.58 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school0.70 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school1.45 miles
Public District Grades 9-12
Assigned Schools
2
/10
Avon Avenue Elementary School
219 Avon Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-8
Nearby Schools
3
/10
Cleveland Elementary School
388 Bergen St
Distance between this listing and this school0.55 miles
Public District Grades PK-8
2
/10
Harriet Tubman Elementary School
504 S 10th St
Distance between this listing and this school0.70 miles
Public District Grades PK-6
Nearby Schools
1
/10
Eagle Academy
123 Muhammad Ali Ave
Distance between this listing and this school0.59 miles
Public District Grades 6-7
3
/10
Marion P. Thomas Charter School
370 S 7th St # 374
Distance between this listing and this school0.76 miles
Public Charter Grades PK-8
4
/10
Universiy Middle School
255 Myrtle Ave
Distance between this listing and this school1.29 miles
Public District Grades 6-8
Assigned Schools
1
/10
Central High School
250 18th Ave
Distance between this listing and this school0.58 miles
Public District Grades 9-12
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school0.70 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school1.45 miles
The neighbors living near this home have an average income of $43,538. The most common annual income of people living in Newark, NJ is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 22 Farley Ave in Newark, NJ and zip code 07108 in the South Ward neighborhood. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $599,000.
While more than 24 listings in Newark, NJ in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were 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.