Property
Newark City, NJ 07114 179 Thomas St
$799,000
Pending
23 more
Presented By: REAL; 973-317-8113
Beds • 12
Full/Half Baths • 4 / 1
SQFT • 4,760
Home Details
Discover an exceptional investment opportunity a 4-unit property generating an impressive $6,700 in monthly rental income currently as owner occupied. Perfect for savvy buyers seeking passive income, or house hack! This property includes a double lot next door for parking for 8+ cars, a rare find in Newark! Conveniently located just 2 blocks from Route 21, a 6-minute drive to Newark Liberty International Airport, and 6 minutes to Newark Penn Station, this property offers an easy commute to NYC. Recently updated with new mechanicals such as water heaters and a new french drain! A well maintained property with plenty of potential upside or add value! Whether you're expanding your portfolio or searching for a multi-family home to occupy, this property is the one! Don't miss out schedule your viewing today!
Presented By: REAL; 973-317-8113
Interior Features for 179 Thomas St
Bedrooms
Total Bedrooms12
Unit 1 Beds Total3
Unit 2 Beds Total3
Unit 3 Beds Total3
Unit 4 Beds Total3
Bathrooms
Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft1190
Unit 2 Sq Ft1190
Unit 3 Sq Ft1190
Unit 4 Sq Ft1190
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent2100
UnitType2TotalRent0
UnitType3TotalRent2500
Unit 4 Fireplaces0
Unit 4 Appl/EquipSee Remarks
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipSee Remarks
Unit 2 Appl/EquipSee Remarks
Unit 3 Appl/EquipSee Remarks
BasementFinished, Full
Fuel TypeGas-Natural
Other Rooms
Unit 4 Rooms5
Unit 2 Rooms5
Unit 1 Rooms5
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 4 Room DescriptionBedrooms, Kitchen, Living/Dining Room
General for 179 Thomas St
Architectural StyleFourplex
CoolingWindow A/C(s)
CountyEssex
DirectionsHermon St & Thomas St
DriveDriveway-Exclusive
EasementNo
Elementary SchoolS ST
Full Baths4
Gross Income
Heating4+ Units, Baseboard - Electric, Baseboard - Hotwater
Net Operating Income
Number Of Units Total4
Open Parking Spaces9
Operating Expense
PossessionAt closing
RoofFlat
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount8305
Tax Assessed Value197800
Tax Lot38
Tax Year2024
Total Rooms20
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1890
Exterior for 179 Thomas St
Building Area Total4760
Exterior DescriptionVinyl Siding
Lot Dimensions43x82
Water SourcePublic Water
Additional Details
Price History
Schools
High School
N/A
Middle School
N/A
Elementary School
S St Elementary School
Tina Torres
Broker/Owner