118 Oraton St, Newark, NJ, 07104
About This Home
Exceptional new construction 2-family home built in 2022, ideally located in Newark's desirable North Ward, just off Broadway between Chester and Delavan Avenues near Belleville. An outstanding opportunity for both owner-occupants and investors, the 2nd-floor apartment is vacant and ready for occupancy, while the 1st-floor apartment is occupied by a quality tenant, providing immediate rental income to offset your mortgage.The vacant 2nd-floor apartment features a bright open-concept living and dining area, a beautifully appointed kitchen with stainless steel appliances, 2 spacious bedrooms, a full bath, ample closet space, and convenient pull-down attic storage.The 1st-floor apartment offers a similar open-concept layout with stainless steel appliances, 2 generously sized bedrooms, and a full bath. This apartment also enjoys exclusive access to the finished lower level, complete with a laundry area, 1/2 bath, direct exterior access, and an exceptionally finished built-in garage featuring attractive vinyl flooring, finished walls, and abundant lighting. This versatile space provides endless possibilities for storage, a workshop, home gym, hobby area, or additional rec space.Built with modern systems, contemporary finishes, and separate utilities, this low-maintenance property offers lasting value and exceptional versatility. Conveniently located near Branch Brook Park, shopping, restaurants, major highways, and public transportation with easy access to New York City.
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Materials
- Roof: Asphalt Shingle
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Exhaust Fan,Microwave,Range/Oven - Gas,Refrigerator,See Remarks,Kitchen Exhaust Fan,Microwave Oven,Gas Water Heater
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Yes,Finished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2.1
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- See Remarks,Bedrooms,Kitchen,Living/Dining Room,Rec Room,Storage,Attic
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: 2 Units,Forced Air,Natural Gas
- Cooling features: 2 Units,Central Air
Interior Area
- Total structure area: 19,998
- Total interior livable area: 19,998 sqft
Property
Details
- Parcel number: 1614006780000000810000
- Exclusions: Tenants Personal Belongings
Features
- Levels: 3-Three Story
- Stories: 3
- Exterior features: See Remarks
Lot
- Lot size: 1,306 sqft
- Lot size dimensions: 24.6 x 50
Parking
- Total spaces: 1
- Parking features: See Remarks,Built-In Garage,Garage Door Opener,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Uncovered spaces: 1
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
- Inland Flooding
- Heat Wave
- Coastal Flooding
- Cold Wave
- Strong Wind
- Tornado
- 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 | $3,791 | $45,492 |
| Home Insurance * | $492 | $5,904 |
| Property Taxes | $1,312 | $15,744 |
| Electricity | $2,204 | $26,453 |
| Total | $7,799 | $93,588 |
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 |
|---|---|---|
| 2026-08-12 | Price change | $729,900 |
| 2026-07-22 | Listed for sale | $749,900 |
| 2026-05-19 | Listing removed | $2,100 |
| 2026-04-16 | Listed for rent | $2,100 |
| 2026-02-05 | Listing removed | $765,000 |
| 2025-12-18 | Listed for sale | $765,000 |
| 2025-08-22 | Sold | $715,000 |
| 2025-05-21 | Pending sale | $725,000 |
| 2025-03-19 | Listed for sale | $725,000 |
| 2025-02-18 | Pending sale | $725,000 |
| 2024-11-04 | Listed for sale | $725,000 |
| 2023-01-26 | Listing removed | -- |
| 2022-08-31 | Listed for sale | $580,000 |
| 2022-03-01 | Listing removed | $550,000 |
| 2021-10-25 | Listed for sale | $550,000 |
| 2021-05-26 | Listing removed | -- |
| 2020-11-25 | Listed for sale | $550,000 |
| 1998-10-21 | Sold | $615 |
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