new - 6 hours on rocket

277 N 5th St, Newark City, NJ, 07107

$849,000

Home List Price

$10,000*

Closing Credit

11 Bedrooms
6 Full Baths
Multi

Location

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277 N 5th St, Newark$849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking, Detached Garage, See Remarks
Garage3 spaces
Year Built1928
HeatingNatural Gas
BasementYes
MLS #3938791
Lot Size0.11 Acres
StatusActive

About 277 N 5th St

Welcome to 277-279 N 5th Street, a spacious 4-unit property located in North Newark. This multi-family's interior living space spans more than 4,200 square feet. The partially finished basement runs the width of the entire building and offers the possibility of two additional rental units complimented by two full bathrooms. Two units feature a sunroom, a living room, two bedrooms, a full bathroom, and an eat-in kitchen. The third unit features a sunroom, a living room, three bedrooms, a full bathroom and an eat-in kitchen. The fourth unit features four bedrooms, a living room, full bathroom and eat-in kitchen. The building's 5,001 square foot lot showcases a private driveway that leads to three detached garages in the back of the property. The lot has room for parking 3 additional vehicles in the back. This property is located just one block from the light rail and a few minutes from Newark Penn Station. With endless income opportunities, 277-279 N 5th Street is an investor's dream. Book your tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1928

Listing Office:

  • Office Name: OM
  • Office Phone: (201) 623-3506

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Fire Extinguisher, Security System, Smoke Detector

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Exterior: Metal Fence

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: 1 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking, Detached Garage, See Remarks

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: In between Park Avenue and 6th Ave W.

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,000
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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

277 N 5th St vs Newark

1 DAY ON ROCKET

-13 Days

$849,000

+$449K More

KEY TAKEAWAY

This property is $449K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3938791

Listing Office:

  • Office Name: OM
  • Office Phone: (201) 623-3506

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: 12/22/2024, 1:20:49 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

$4,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,612

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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-974992
3
/10

  • Roseville Community Charter School

  • 540 Orange St

  • 0.45 miles

  • Public Charter Grades KG-4

school-card-donut-974993
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.62 miles

  • Public District Grades PK-4

school-card-donut-974994
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 $44,922. The majority of Newark, NJ residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07107›277 N 5th St

This home is located at 277 N 5th St in Newark City, NJ and zip code 07107 in the North Ward neighborhood. This home, which was built in 1928, sits on a 0.11 acre lot. Features: 11 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 22, 2024 and is currently priced at $849,000.

While more than 22 listings in Newark, NJ in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below. The number of homes for sale 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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