See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

118 Seymour Ave, Newark, NJ, 07108

9beds
3baths
29,997sqft
$619,000
$21price/sqft
$7,867/moest. monthly cost
$314,680/yrincome needed

About This Home

This exceptionally maintained and versatile renovated three-family residence presents a premier investment or owner-occupant opportunity, featuring spacious living quarters, offering exceptional income potential and flexibility, all kitchens/toilets/floors are updated and freshly painted ,all 3 units are the same layout 3 bedrooms and 1 bathroom ,totaling 9 bedrooms and 3 bathrooms, providing strong rental potential across all units, The first floor unit is currently vacant, creating an immediate opportunity for an owner-occupant to move in and generate income right away, or for an investor to set market rents from day one. Each unit has separate utilities, maximizing efficiency and simplifying management, Conveniently located near shops, schools, transportation, and local amenities,

Getting Around

79
WalkingVery Walkable
58
TransitGood Transit
47
BikeSomewhat Bikeable

Schools

1/10
1/10
Central High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1907

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Kitchen,Living Room

Heating & Cooling

  • Heating features: 3 Units,Forced Air,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 29,997
  • Total interior livable area: 29,997 sqft

Property

Details

  • Parcel number: 1614030190000000130000

Features

  • Exterior features: See Remarks

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 110

Parking

  • Parking features: On Street,On-Street Parking
  • Has uncovered spaces: Yes

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
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Strong Wind
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 $3,130$37,560
Home Insurance *$348$4,176
Property Taxes $1,083$12,996
Electricity $3,306$39,680
Total$7,867$94,404
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$269,725/yr
40% on housing$236,010/yr
45% on housing$209,786/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

$21This listing

vs Other Active Listings

Avg $/sqft

ZIP 07108$255
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07108$264
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
2026-08-06Listed for sale$620,000
2026-08-04Listing removed$619,000
2026-07-24Price change$619,000
2026-06-10Listed for sale$649,000
2023-12-20Sold$740,000
2023-06-22Listing removed--
2022-05-17Listed for rent$1,600
2022-05-07Listing removed--
2022-04-28Listed for rent$1,600
2021-11-23Listing removed--
2021-10-16Listed for rent$1,600
2021-07-22Listing removed--
2021-05-05Listed for rent$1,600
2020-03-28Listing removed$1,500
2020-01-31Listed for rent$1,500
2017-07-23Listing removed$1,320
2017-06-22Price change$1,320
2017-06-01Listed for rent$1,350
2016-06-28Listing removed$1,300
2016-05-20Sold$130,000
2013-04-21Listing removed$900
2013-04-10Listed for rent$900
2006-12-14Sold$159,500
2004-04-07Sold$80,000
2003-11-10Sold$185,000
2002-07-11Sold$170,000
2002-04-30Sold$43,999

For Sale by Agent

AgentJoel Miller
BrokerageKeller Williams Mid-Town Direct

Similar Homes