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Residential Income For Sale

196 Sussex Ave, Newark City, Essex 07103-4071

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Property Description

Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom?perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you’re looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won?t want to miss!

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4022177
Price:
$650,000
Year Built:
1887
Lot Area:
0.07 Acre
Status:
Active
Office Name:
KELLER WILLIAMS - NJ METRO GROUP
Agent Name:
BRENDAN DASILVA
Full Bathrooms:
3
Roof:
See Remarks
Features
Heating System:
Baseboard - Hotwater
Cooling System:
Window A/C(s)
Basement:
Finished-Partially
Architectural Style:
See Remarks
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07103-4071
Street:
Sussex Ave
Street Number:
196
Longitude:
W75° 48' 57.6''
Latitude:
N40° 44' 53.1''
Directions:
Google Maps
Additional Information
Lot Size Dimensions:
27X113.5
Water Source:
Public Water
Number Of Units Total:
3
Financial
Tax Annual Amount:
5566
Listing Information
Co List Agent Mls Id:
395331
List Agent Mls Id:
299458
List Office Mls Id:
4129
Mls Status:
Active
Modification Timestamp:
2026-04-21T14:10:35Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4022177
Lot Area:
0.07 Acre
$650,000
Agent info
Contact Agent

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