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38-40 Eckert Ave, Newark, NJ, 07112

7beds
3baths
2,770sqft
$615,000
$222price/sqft
$4,813/moest. monthly cost
$192,520/yrincome needed

About This Home

****IMPORTANT: No open houses on Saturday May 9Th. Private appointments only. Do not disturb the residents.***** Welcome to 38–40 Eckert Ave! This 3-family property offers excellent income potential, making it ideal for investors or owner-occupants looking to generate rental income. The first floor features a 2-bedroom, 1-bath unit. The second floor offers 3 bedrooms and 1 bath. The third floor includes a 2-bedroom, 1-bath layout. The property is currently occupied but will be delivered vacant. Giving you flexibility to set your own rents or move in and rent out the other units. Conveniently located near major highways, public transportation, shopping centers and schools. Disclaimer: Certain photos have been digitally cleaned or modified. Current photos are available upon request.

Getting Around

78
WalkingVery Walkable
59
TransitGood Transit
46
BikeSomewhat Bikeable

Schools

3/10
1/10
Weequahic High SchoolGrades 9-120.7 mi
1/10

Construction

Condition

  • Year built: 1912

Materials

  • Foundation: Brick/Mortar
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: Window Unit(s),Electric

Interior Area

  • Total structure area: 2,770
  • Total interior livable area: 2,770 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: NO TAX RECORD
  • Zoning: RESIDENTIAL
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 3,485 sqft

Parking

  • Total spaces: 3
  • Parking features: Driveway
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

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 WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat 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 $3,109$37,308
Home Insurance *$323$3,876
Property Taxes $1,076$12,912
Electricity $305$3,664
Total$4,813$57,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$165,017/yr
40% on housing$144,390/yr
45% on housing$128,346/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

$222This listing

vs Other Active Listings

Avg $/sqft

ZIP 07112$276
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07112$186
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)

No zestimate history available

Price History

DateEventPrice
2026-05-05Listed for sale$550,000
2011-12-05Sold$250,000
2011-08-22Sold$270,000
1997-02-27Sold$40,000

For Sale by Agent

AgentEbenezer Carpio
BrokerageKeller Williams Realty - Moorestown

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