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9 Emerson Pl, Newark, NJ, 07114

6beds
2baths
19,998sqft
$619,900
$31price/sqft
$6,837/moest. monthly cost
$273,480/yrincome needed

About This Home

Exceptional opportunity to own a well-maintained two-family In Newark. This pristine investment features two spacious units, each offering 3 bedrooms and 1 full bath with eat in kitchens and ideal for owner-occupants or investors alike. The finished basement adds tremendous value, featuring a comfortable lounge area and two additional rooms that provide flexible space for recreation, home offices, storage, or extended living needs. Both units also each feature a bonus sun filled room.Positioned directly across from Weequahic Park, residents enjoy beautiful green space, walking trails, recreational amenities, and scenic views right outside their door. Commuters will appreciate the direct NYC bus access and Newark Penn Station in close proximity.With major economic development underway nearby, including Lionsgate's planned film and television production complex, the area is poised for continued growth and increased demand. Whether you're looking to generate strong rental income or occupy one unit while renting the other, this property presents an outstanding investment opportunity in a rapidly evolving neighborhood.

Getting Around

47
WalkingCar-Dependent
56
TransitGood Transit
48
BikeSomewhat Bikeable

Schools

3/10
1/10
Weequahic High SchoolGrades 9-121.3 mi
1/10

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2018

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator

Basement

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

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedrooms,Eat-in Kitchen,Living Room,Sunroom,Eat-In Kitchen
  • Flooring: Carpet,Vinyl-Linoleum Floors

Heating & Cooling

  • Heating features: 2 Units,Baseboard - Hotwater,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 19,998
  • Total interior livable area: 19,998 sqft

Property

Details

  • Parcel number: 1614037430000000170000
  • Exclusions: All personal and tenant property

Features

  • Levels: Two
  • Stories: 2
  • Fencing: Privacy

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 26.6 x 100

Parking

  • Parking features: On Street

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
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Earthquake
Inland Flooding
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 $3,134$37,608
Home Insurance *$415$4,980
Property Taxes $1,084$13,008
Electricity $2,204$26,453
Total$6,837$82,044
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$234,411/yr
40% on housing$205,110/yr
45% on housing$182,320/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

$31This listing

vs Other Active Listings

Avg $/sqft

ZIP 07114$211
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07114$477
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
2026-07-22Price change$619,900
2026-07-16Price change$619,000
2026-06-24Listed for sale$619,900
2020-11-19Sold$370,000
2020-10-06Pending sale$350,000
2020-09-03Listed for sale$350,000
2020-07-11Pending sale$350,000
2020-05-24Listed for sale$350,000
2020-01-18Listing removed$1,549
2020-01-03Price change$1,549
2019-11-22Listed for rent$1,600
2018-09-01Sold$32,000
2018-08-16Listing removed$1,450
2018-07-17Price change$1,450
2018-06-15Listed for rent$1,500
2016-04-12Listing removed$1,300
2016-03-07Price change$1,300
2015-08-26Listed for rent$1,400
2014-01-31Listing removed$99,000
2014-01-23Pending sale$99,000
2013-10-24Price change$99,000
2013-10-11Price change$119,000
2013-09-14Price change$149,900
2013-08-20Listed for sale$159,900
2013-08-02Listing removed$1,200
2011-08-03Sold$200,000
2010-08-03Sold$52,000
2007-05-09Sold$387,000
2006-11-29Sold$325,000
2005-11-18Sold$170,000

For Sale by Agent

AgentVanwah Maragh
BrokerageA & M Dream Realty Llc

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