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121 Smith St Unit 4

Newark City, NJ 07106-1151

10 beds
4 baths
– sqft
4,792 sqft lot
1950 build
– on site

Prime Investment Opportunity This income-producing fourplex is ready for immediate occupancy, ideal for the savvy investor and buyers looking to offset expenses with rental income. Located minutes from Seton Hall University, this property offers convenience and rental appeal. Each spacious unit features an oversized kitchen, 2 or 3 bedrooms, a dedicated dining area, and ample closets, ensuring comfort and functionality for tenants. The shared spaces are well-designed, with a private fenced backyard that includes a generous deck perfect for outdoor gatherings. Additionally, a private driveway offering ample off-street parking for tenants and visitors. Separate utilities in the partially finished basement, accessible through a private above-ground entrance, opens possibilities for additional creative uses. The basement adds valuable square footage and functionality to the property without compromising tenant privacy. This fourplex is ideally situated close to South Orange?s charming downtown area, known for its array of dining, shopping, and entertainment options. Public transportation is easily accessible, with bus lines and the South Orange Train Station nearby, offering convenient commutes to New York City and other neighboring towns. Quick access to major highways adds to the appeal, attracting tenants who value both suburban charm and urban accessibility. Don?t miss out on this outstanding investment opportunity with strong income potential in a sought-after location

Listing courtesy of GSMLS / BLOSSOM VERNON, 973-736-1600 / BHHS JORDAN BARIS REALTY

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# 3932235 —

The Building

Construction Date/Year Built:

1950
Renovated Year:

2023
Unit Style:

Fourplex
Roof Description:

Asphalt Shingle
Exterior Description:

Vinyl Siding
Color of Building:

Grey
Basement:

Yes
Building #:

1
Unit #:

4
Total # of Units:

4

Interior

Total # of Rooms:

20
Interior Features:

Carbon Monoxide Detector, Smoke Detector
Basement Description:

Finished-Partially, Full, Walkout

Location

Directions:

Tremont Avenue to Smith Street
Latitude:

40.74787
Longitude:

-74.23021

The Property

Lot Identifier:

53
Approx Lot Size:

50 Sqft
Lot Description:

Level Lot
Total Acres:

0 Sqft
Zoning:

Residential
Exterior Features:

Deck, Storm Door(s), Storm Window(s)
Easements:

No
Farm Assessment:

No
Assessment Land:

19400
Assess Amount Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID For Property:

1614-04199-0000-00053-0000-
Tax Year:

2023
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2024
Tax Rate Amount:

3.728
Tax Amount:

$11,851
Tax Amount:

$*
Lot ID Tax:

*
Lot Size Tax:

*
Acres Tax:

$*
Block ID Tax:

*
City Tax:

$*
County Tax:

$*
Zip Code Tax:

*

Beds

# of Bedrooms:

10
Unit 1 Bedrooms:

2
Unit 3 Bedrooms:

2
Unit 2 Bedrooms:

3
Unit 4 Bedrooms:

2

Baths

Total # of Baths:

4.00
Total # of Full Baths:

4
Unit 1 Baths:

1.0
Unit 2 Baths:

1.0
Unit 3 Baths:

1.0
Unit 4 Baths:

1.0

The Listing

Home Warranty:

No

Heating & Cooling

Cooling:

Window A/C(s)
Heating:

4+ Units, Radiators - Steam
Water Heater:

Gas

Utilities

Utilities:

Electric, Gas-Natural
Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Sewer

Schools

Grade School:

VAILSBURG
Middle Or Jr High School:

SCIENCE
High School:

SCIENCE

The Community

Section/Subdiv/Development:

Vailsburg
Services:

Cable TV Available
Assessment Total:

317900
Assessment Total Tax:

*
Assessment Bldg:

298500
Assess Amount Building Tax:

*

Parking

Garage Description:

On Site
# of Parking Spaces:

4
Parking/Driveway Description:

1 Car Width

Extra Units

Unit 1 SqFt:

1100
Unit 2 SqFt:

1200
Unit 3 SqFt:

1000
Unit 4 SqFt:

1000
Unit 1 Levels:

1
Unit 2 Levels:

1
Unit 3 Levels:

1
Unit 4 Levels:

1
Unit 1 Rooms:

5
Unit 2 Rooms:

5
Unit 3 Rooms:

5
Unit 4 Rooms:

5
Unit 1 Handicap Modified:

No
Unit 2 Handicap Modified:

No
Unit 3 Handicap Modified:

No
Unit 4 Handicap Modified:

No
Unit 1 Room Description:

Bedrooms, Eat-In Kitchen, Living Room
Unit 2 Room Description:

Bedrooms, Eat-In Kitchen, Living Room
Unit 3 Room Description:

Bedrooms, Eat-In Kitchen, Living Room
Unit 4 Room Description:

Bedrooms, Eat-In Kitchen, Living Room
Unit 1 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Unit 2 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Unit 3 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Unit 4 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector

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Sale history

Date	Event	Source	Price	% Change
10/31/24 Oct 31, 2024	Listed / Active	GSMLS	$799,000
10/4/24 Oct 4, 2024	Listed / Active	GSMLS

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This multifamily located in Lower Vailsburg, Newark, NJ 07106-1151 is currently for sale for $799,000. 121 Smith St Unit 4 is a – square foot multifamily with 10 beds and 4 baths that has been on Estately for 0 days. 121 Smith St Unit 4 is in the Lower Vailsburg neighborhood of Newark. This multifamily is in the attendance area of Newark School Of Global Studies, George Washington Carver School, Newark School Of Fashion & Design, Louise A. Spencer Elementary School, Newark School Of Data Science & Information Technology, Hawthorne Avenue School, Speedway Academies, Lincoln Elementary School, Thirteenth Avenue School, and Ivy Hill Elementary School.

Listing courtesy of GSMLS / BLOSSOM VERNON, 973-736-1600 / BHHS JORDAN BARIS REALTY

The data displayed relating to real estate for sale 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 IDX Listing.

This information is being provided 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.

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.