232 2nd St, Newark, NJ, 07107
About This Home
This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,Refrigerator,Washer/Dryer Stacked,Stackable Washer/Dryer,Gas Water Heater
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Yes,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Kitchen,Living Room
- Flooring: Wood
Heating & Cooling
- Heating features: 3 Units,Natural Gas
- Cooling features: 1 Unit
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 1614019110001000250001
- Zoning description: Residential
- Exclusions: Washer and Dryer on 1st. floor.
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Open Porch(es)
- Fencing: Metal Fence
Lot
- Lot size: 3,920 sqft
- Features: Level
- Lot size dimensions: 37.50 x 100
Parking
- Total spaces: 2
- Parking features: 1 Car Width,Detached Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,994 | $47,928 |
| Home Insurance * | $585 | $7,020 |
| Property Taxes | $1,382 | $16,584 |
| Electricity | $193 | $2,318 |
| Total | $6,154 | $73,848 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Listed for sale | $789,999 |
For Sale by Agent
View on Zillow