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!
196 Sussex Ave, Newark City NJ 07103-4071
Property City
Newark City
Property Price
$650,000
Bedrooms
7
Year Built
1887
Tax Annual Amount
$5566
TaxYear (*text)
2025
Roof (*text)
See Remarks
Lot Size Area
0.07
MLS Status
Active
MLS #
4022177
Yearly Tax Rate
3.999
Year Built (*numeric)
1887
Basement
Yes
Roofing (*text)
See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
0
Heating
Baseboard - Hotwater
Lot Size Dimensions
27X113.5
Data import from
GSMLS