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337 S 19th St

Newark City, NJ 07103-1320

10 beds
3 baths
– sqft
2,614 sqft lot
1900 build
– on site

Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730-800K + with projected rents of $2,000-$2,500 per unit, the property can generate $8,000-$10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS," accepting cash, conventional loans, hard money, or FHA 203(k) renovation loans. Empty lot on the rear is does not belong to the property. A temporary Certificate of Occupancy has been obtained & all title docs have been completed. Daytime viewings are recommended due to a lack of electricity, and a Hold Harmless Agreement is required before entry. Min $15K initial deposit and no offers under the list price will be entertained. Don't miss this opportunity schedule a viewing today! Owner holds a real estate license.

Listing courtesy of GSMLS / DARRELL BAILEY, 862-283-1281 / EXP REALTY, LLC

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# 3935506 —

This property is listed in more than one place. See it here.

The Building

Construction Date/Year Built:

1900
Unit Style:

3-Three Story
Roof Description:

Asphalt Shingle
Exterior Description:

Aluminum Siding
Color of Building:

Brown/Whit
Basement:

Yes
Total # of Units:

3

Interior

Total # of Rooms:

15
Interior Features:

Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Basement Description:

Unfinished, Walkout

Location

Directions:

I- 280 W to 337 S19th Street
Latitude:

40.74537
Longitude:

-74.20725

The Property

Lot Identifier:

25
Approx Lot Size:

25 Sqft
Lot Description:

Level Lot
Total Acres:

0 Sqft
Zoning:

R3
Exterior Features:

Enclosed Porch(es), Metal Fence
Exclusions:

NONE
Easements:

Unknown
Farm Assessment:

No
Assessment Land:

21300
Assess Amount Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID For Property:

1614-01794-0000-00025-0000-
Tax Year:

2023
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2024
Tax Rate Amount:

3.728
Tax Amount:

$6,628
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:

4
Unit 2 Bedrooms:

4

Baths

Total # of Baths:

3.00
Total # of Full Baths:

3
Unit 1 Baths:

1.0
Unit 2 Baths:

1.0
Unit 3 Baths:

1.0

The Listing

Home Warranty:

No

Heating & Cooling

Heating:

No Heat

Utilities

Utilities:

All Underground
Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Available, Public Sewer

The Community

Assessment Total:

177800
Assessment Total Tax:

*
Assessment Bldg:

156500
Assess Amount Building Tax:

*

Parking

Garage Description:

None, On-Street Parking
Parking/Driveway Description:

On-Street Parking

Extra Units

Unit 1 Levels:

1
Unit 2 Levels:

1
Unit 3 Levels:

1
Unit 1 Rooms:

5
Unit 2 Rooms:

5
Unit 3 Rooms:

5
Unit 1 Handicap Modified:

No
Unit 2 Handicap Modified:

No
Unit 3 Handicap Modified:

No
Unit 1 Room Description:

Bedrooms, Dining Room, Kitchen, Living Room
Unit 2 Room Description:

Bedrooms, Kitchen, Living Room
Unit 3 Room Description:

Bedrooms, Kitchen, Living Room
Unit 1 Appliances/Equipment:

Carbon Monoxide Detector, Smoke Detector
Unit 2 Appliances/Equipment:

Carbon Monoxide Detector, Smoke Detector
Unit 3 Appliances/Equipment:

Carbon Monoxide Detector, Smoke Detector

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Sale history

Date	Event	Source	Price
11/21/24 Nov 21, 2024	Listed / Active	GSMLS	$480,000
10/26/24 Oct 26, 2024	Listed / Active	NJMLS
12/16/22 Dec 16, 2022	Sold Subject To Contingencies	GSMLS

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This multifamily located in Fairmount, Newark, NJ 07103-1320 is currently for sale for $480,000. 337 S 19th St is a – square foot multifamily with 10 beds and 3 baths that has been on Estately for 0 days. 337 S 19th St is in the Fairmount neighborhood of Newark. This multifamily is in the attendance area of Louise A. Spencer Elementary School, Belmont Runyon School, Speedway Academies, Ivy Hill Elementary School, Hawthorne Avenue School, Newark School Of Fashion & Design, Newark School Of Data Science & Information Technology, George Washington Carver School, Thirteenth Avenue School, and Newark School Of Global Studies.

Listing courtesy of GSMLS / DARRELL BAILEY, 862-283-1281 / EXP REALTY, LLC

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.