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Backup Offers

56-58 Shaw Ave, Newark, NJ, 07112

$499,999

Home List Price

$5,937*

Closing Credit

0 Baths
2,934 SqFt
$170/SqFt
Multi

Location

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56-58 Shaw Ave, Newark$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking4(+)Car Parking, Paved
Year Built1927
HeatingOther
MLS #2411030R
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Under Contract)

About 56-58 Shaw Ave

*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Stories: 3
  • Living Area: 2,934 SqFt

Listing Office:

  • Office Name: RE/MAX 1st ADVANTAGE

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Interior: Unit 1(Dining Room, 2 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(3 Bedrooms, Kitchen, 1 Bath, Living Room)

Exterior Features

Exterior Information:

  • Exterior: Curbs, Porch(es) - Open, Screen/Storm Window, Door(s)-Storm/Screen, Sidewalk, Fencing/Wall, Blinds, Semi-Private Entry, Porch, Storage Area-Common, Screens/Storms

Parking Information:

  • Parking: 4(+)Car Parking, Paved

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Level, Near Public Transit
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Other

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • George Washington Carver Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $170/SqFt

Tax Information:

  • Annual Amount: $4,881
  • 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

56-58 Shaw Ave vs Newark

193 DAYS ON ROCKET

+118 Days

$499,999

+$103.8K More

$170/SqFt

-$34 Less

KEY TAKEAWAY

This property is $103.8K more than the Median Sold Price and $34/SqFt less than other homes in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2411030R

Listing Office:

  • Office Name: RE/MAX 1st ADVANTAGE

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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, 11:20:48 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

Jan 25, 2005Home Sold
$225,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,881$173,400
2019$6,403$173,400
2018$6,173$173,400
2017$6,173$173,400

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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.

Elementary School

school-card-donut-2063263
3
/10

  • George Washington Carver Elementary School

  • 333 Clinton Pl

  • 0.12 miles

  • Public District Grades PK-8

High School

school-card-donut-2063264
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.34 miles

  • Public District Grades 9-12

school-card-donut-2063265
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.38 miles

  • Public District Grades 9-12

school-card-donut-2063266
1
/10

  • Central High School

  • 250 18th Ave

  • 1.70 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,792. The most common annual income of people living in Newark, NJ is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›56-58 Shaw Ave

This home is located at 56-58 Shaw Ave in Newark, NJ and zip code 07112 in the Weequahic neighborhood. This 2,934 square foot home, which was built in 1927, sits on a 0.10 acre lot. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $499,999.

Newark, NJ housing market in October 2024 saw over 24 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. The inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. In October 2024 median list price was $396,125 and the average listing age was 75 days.

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

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