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196 Sussex Ave, Newark, NJ, 07103

7beds
3.1baths
0sqft
$650,000
--price/sqft
$5,076/moest. monthly cost
$203,040/yrincome needed

About This Home

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!

Getting Around

86
WalkingVery Walkable
79
TransitExcellent Transit
68
BikeBikeable

Schools

5/10
1/10
Barringer High SchoolGrades 9-120.6 mi
8/10
Technology High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1887

Materials

  • Roof: See Remarks
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks

Basement

  • Has basement: Yes
  • Basement: Yes,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3.1
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Bedrooms,Living/Dining Room

Heating & Cooling

  • Heating features: Baseboard - Hotwater,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614028430000000060000

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 27 x 113.5

Parking

  • Parking features: None