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493 Broadway, Newark, NJ, 07104

6beds
4baths
0sqft
$1,024,000
--price/sqft
$7,834/moest. monthly cost
$313,360/yrincome needed

About This Home

Beautiful owner-occupied two-family home in North Newark, just minutes from the desirable Forest Hill section. Built in 1998 and lovingly maintained by its original owner since 1999, this turnkey property offers exceptional space, versatility, and pride of ownership throughout. Each apartment features 3 bedrooms, an open-concept living room, dining area, and kitchen, plus separate utilities, central air, and its own laundry area. The first-floor unit includes a primary bedroom with a private full bath and an additional full bathroom. The second-floor unit offers a full bathroom and a spacious layout. The finished walkout ground level provides additional living space and includes a full bathroom. Freshly painted and well maintained. Original hardwood floors add warmth and character throughout the home. Exterior highlights include a newer roof (approximately 3 years old), newer stainless steel appliances in the first-floor unit (approximately 2 years old), new front bay windows on the first and second floors, and newly paved concrete exterior areas. Enjoy summer gatherings with the above-ground pool. Ample parking accommodates 7-8 vehicles, plus an attached ground-level garage. Two additional detached garages at the rear of the property provide excellent storage space. Conveniently located near schools, parks, restaurants, shopping, hospitals, public transportation, and major highways. A rare opportunity to own a move-in-ready, meticulously maintained multi-family home.

Getting Around

73
WalkingVery Walkable
59
TransitGood Transit
43
BikeSomewhat Bikeable

Schools

8/10
Technology High SchoolGrades 9-120.7 mi
1/10
Barringer High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1998

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding,Brick,See Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Electric Water Heater,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • High Ceilings,See Remarks,Attic,Bedrooms,Dining Room,Kitchen,Living Room,Pantry
  • Window features: Window Treatments
  • Flooring: Wood

Heating & Cooling

  • Heating features: 2 Units,Natural Gas
  • Cooling features: 2 Units,Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614006190000000190000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Sidewalk

Lot

  • Lot size: 4,791 sqft
  • Features: Irregular Lot
  • Lot size dimensions: 4687.5 SF

Parking

  • Total spaces: 9
  • Parking features: Asphalt,Driveway-Exclusive,See Remarks,Detached Garage,Finished Garage,Garage Door Opener,Underground
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Uncovered spaces: 9

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
    Inland FloodingVery High
  • Heat Wave
    Heat WaveRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Heat Wave
Coastal Flooding
Cold Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $5,177$62,124
Home Insurance *$672$8,064
Property Taxes $1,792$21,504
Electricity $193$2,318
Total$7,834$94,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$268,594/yr
40% on housing$235,020/yr
45% on housing$208,906/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07104$310
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07104$299
Essex County$391

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

DateEventPrice
2026-06-18Listed for sale$1,024,000
1999-02-03Sold$203,000
1998-10-19Sold$28,000

For Sale by Agent

AgentElisa Torres
BrokerageWeichert Realtors

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