3 months on rocket

22 Farley Ave, Newark, NJ, 07108

$599,000

Home List Price

$7,113*

Closing Credit

9 Bedrooms
3 Full Baths
Multi

Location

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22 Farley Ave, Newark$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage2 spaces
MLS #24030153
StatusActive
(Active Attorney Review)

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

Listing Office:

  • Office Name: TWRG Realty Group/The World Realty Group
  • Office Phone: (908) 355-1717
  • Listing Agent: Moshe Wigder

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

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.

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Newark, NJ

City

Med. Sold Price

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

22 Farley Ave vs Newark

111 DAYS ON ROCKET

+80 Days

$599,000

+$159K More

KEY TAKEAWAY

This property is $159K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24030153

Listing Office:

  • Office Name: TWRG Realty Group/The World Realty Group
  • Office Phone: (908) 355-1717
  • Listing Agent: Moshe Wigder

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© 2025 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: 1/7/2025, 2:21:04 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

Dec 03, 2020Home Sold
$319,200
Dec 03, 2020Home Sold
$349,000
Jan 23, 2019Home Sold
$165,000
Nov 08, 2017Home Sold
$138,000
Sep 23, 2016Home Sold
$80,000
Aug 21, 2007Home Sold
$315,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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-788255
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.67 miles

  • Public District Grades PK-6

school-card-donut-788256
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-788257
3
/10

  • Berkeley Terrace Elementary School

  • 787 Grove St

  • 1.03 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,538. Residents of Newark, NJ typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically 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, 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.

In December 2024, from all listings sold in Newark, NJ there were more than 17 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. Between November 2024 and December 2024, Newark, NJ real estate market has seen increase in the number of listings by 10.8%. Listings spent 31 days on the market in December 2024, and had a median list price of $440,000 during the same period.

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

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