114 Peck Ave, Newark, NJ, 07107
About This Home
Welcome to 114 Peck Avenue, a fantastic opportunity to own a legal 3-family property with immediate income potential and long-term value. Perfect for both investors and owner-occupants, this property features three spacious 3-bedroom units designed for strong rental appeal.Two units are occupied by excellent long-term tenants, providing reliable rental income from day one, while the vacant third unit offers the flexibility for owner occupancy or the opportunity to lease at current market rents and maximize cash flow.The full basement offers ample space and endless possibilities for storage, a workshop, recreation area, or future improvements. Bring your imagination and unlock the property's full potential.Conveniently located near schools, shopping, public transportation, and major highways, this well-maintained multi-family home is an excellent addition to any investment portfolio or the perfect place to call home while generating rental income.Don't miss this rare chance to own a legal 3-family with strong income, future upside, and endless possibilities. Schedule your private showing today!
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Roof: Flat,Rubber
- Construction materials: See Remarks
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Yes,French Drain,Full,Unfinished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Dining Room,Eat-in Kitchen,Kitchen,Living Room,Eat-In Kitchen,Living/Dining Room
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: 3 Units,Central Air
Interior Area
- Total structure area: 2,760
- Total interior livable area: 2,760 sqft
Property
Details
- Parcel number: 1614019650000000050000
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Lot size: 3,920 sqft
- Lot size dimensions: 37.6 x 100
Parking
- Total spaces: 4
- Parking features: 1 Car Width,Shared Driveway
- Uncovered spaces: 4
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
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 | $4,019 | $48,228 |
| Home Insurance * | $589 | $7,068 |
| Property Taxes | $1,391 | $16,692 |
| Electricity | $304 | $3,650 |
| Total | $6,303 | $75,636 |
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 |
|---|---|---|
| 2026-07-18 | Listed for sale | $795,000 |
| 2021-03-24 | Listing removed | -- |
| 2018-04-03 | Listing removed | $1,500 |
| 2018-03-27 | Listed for rent | $1,500 |
For Sale by Agent
View on Zillow