8 months on rocket

62 Chambers St, Newark City, NJ, 07105

$1,499,999

Home List Price

$10,000*

Closing Credit

15 Bedrooms
8 Full Baths, 1 Partial
Multi

Location

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62 Chambers St, Newark$1,499,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned, Blacktop, Built-In Garage
Garage1 space
HeatingNatural Gas
MLS #3898483
Lot Size0.09 Acres
StatusActive

About 62 Chambers St

Welcome to your next amazing investment opportunity! Nestled in the vibrant Ironbound District of Newark, this renovated 3-family home is a money-making gem waiting to be discovered. LOCATION - LOCATION - LOCATION! All unit's newly renovated-7 Streams of income

Property Details

Property Features

Property Information:

  • Architectural Style: 1-One Story

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (866) 201-6210

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: No
  • Interior: Carbon Monoxide Detector, Fire Extinguisher, Intercom, Security System, Smoke Detector

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 8
  • Total Bedroom Count: 15

Exterior Features

Exterior Information:

  • Exterior: Metal Fence

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Blacktop, Built-In Garage

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Use Google-Ferry Street turn Chambers Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,999
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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

62 Chambers St vs Newark

250 DAYS ON ROCKET

+219 Days

$1,499,999

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #3898483

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (866) 201-6210

Information deemed reliable but not guaranteed. Copyright © 2025 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: 1/7/2025, 12:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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-720468
1
/10

  • East Ward Elementary School

  • 104 Oliver St

  • 0.88 miles

  • Public District Grades PK-3

school-card-donut-720469
5
/10

  • Hamilton Intermediate School

  • 223 Hamilton St

  • 1.23 miles

  • Public District Grades 4-5

school-card-donut-720470
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 1.45 miles

  • Public Charter Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,292. Typical income of Newark, NJ residents is between $35k-100k annually. The majority of families are single, no kids. 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›07105›62 Chambers St

This home is located at 62 Chambers St in Newark City, NJ and zip code 07105 in the East Ward neighborhood. This home sits on a 0.09 acre lot. Features: 15 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $1,499,999.

Newark, NJ housing market in December 2024 saw over 17 listings sold above listed price, more than 6 sold at listed price and over 8 sold below. In December 2024 in Newark, NJ there were 10.8% more homes for sale than in November 2024. In December 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $440,000.

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

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