Property
Newark City, NJ 07106 316 Ellery Ave
$750,000
Pending
30 more
Presented By: BHGRE ELITE
Beds • 8- Full/Half Baths • 4 / 1
Beds • 8
Full/Half Baths • 4 / 1Home Details
Welcome to this EXTREMELY RARE FOUR FAMILY investment opportunity in Newark's sought-after Vailsburg section this four-family fixer-upper offers exceptional potential, solid structure, and an unbeatable location just minutes from Seton Hall University. Perfect for investors, owner-occupants, or anyone looking to add value through renovation. This multi-family home sits on a quiet residential block with classic Newark character. With the right vision, it can be transformed into a high-performing income property. The parking availability alone sets it apart rare for the area and highly desirable for tenants. Its proximity to Seton Hall and South Orange adds consistent rental demand and long-term stability. 203k loans and hard money loans are welcome!
Presented By: BHGRE ELITE
Interior Features for 316 Ellery Ave
Bedrooms
Total Bedrooms8
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total1
Unit 4 Beds Total1
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 Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 4 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 4 Fireplaces0
Unit 4 Appl/EquipCookGas
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/EquipCookGas
Unit 2 Appl/EquipCookGas
Unit 3 Appl/EquipCookGas
BasementFull
Fuel TypeGas-Natural
Other Rooms
Unit 4 Rooms4
Unit 2 Rooms4
Unit 1 Rooms4
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen
Unit 4 Room DescriptionBedrooms, Eat-In Kitchen
General for 316 Ellery Ave
Architectural StyleFourplex
CoolingWall A/C Unit(s)
CountyEssex
Directionsgoogle maps
DriveDriveway-Shared
EasementNo
Full Baths4
Gross Income4500
Heating4+ Units
Net Operating Income
Number Of Units Total4
Open Parking Spaces4
Operating Expense
Possessionnegotiable
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount10133
Tax Assessed Value253400
Tax Lot44
Tax Year2025
Total Rooms16
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1952
Exterior for 316 Ellery Ave
Exterior DescriptionWood
Lot Dimensions49X100
Lot Size Acres0.11
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner