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337 S 19th St, Newark, NJ, 07103

$480,000

Home List Price

$5,700*

Closing Credit

10 Bedrooms
3 Full Baths
Multi

Location

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337 S 19th St, Newark$480,000

Buyer Closing Credits

$5,700*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
HeatingNatural Gas
CoolingNone
BasementYes
WaterfrontNone
FireplaceNone
MLS #24037283
StatusActive
(ACTIVE)

About 337 S 19th St

Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730 to 800K + with projected rents of $2,000 to $2,500 per unit, the property can generate $8,000 to $10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS,"

Property Details

Property Features

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (862) 283-1281
  • Listing Agent: Darrell Bailey

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Aluminum, Vinyl, None

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $480,000

Tax Information:

  • Annual Amount: $5,005
  • 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

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

337 S 19th St vs Newark

1 DAY ON ROCKET

-74 Days

$480,000

+$83.8K More

KEY TAKEAWAY

This property is $83.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24037283

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (862) 283-1281
  • Listing Agent: Darrell Bailey

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© 2024 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: 11/22/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 25, 2019Home Sold
$372,900
Mar 10, 2008Home Sold
$350,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,005$177,800
2019$6,566$177,800
2018$6,330$177,800
2017$6,330$177,800

History based on county public records data.

Payment Calculator

$2,463

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,506

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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-612748
5
/10

  • Dionne Warwick Institute

  • 120 Central Ave

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-612749
2
/10

  • Grove Street Elementary School

  • 602 Grove St

  • 0.68 miles

  • Public District Grades PK-5

school-card-donut-612750
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.80 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,141. The majority of Newark, NJ residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07103›337 S 19th St

This home is located at 337 S 19th St in Newark, NJ and zip code 07103 in the West Ward neighborhood. Features: 10 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $480,000.

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 number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.

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

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