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151 Vermont Ave, Newark, NJ, 07106

10beds
3baths
0sqft
$750,000
--price/sqft
$5,703/moest. monthly cost
$228,120/yrincome needed

About This Home

Prime 3-family property in Newark, NJ offering a strong opportunity for investors or owner-occupants. Conveniently located near public transportation, major commuter routes, shopping, dining, and local amenities with easy access to NYC. Excellent location with solid income potential.

Getting Around

77
WalkingVery Walkable
58
TransitGood Transit
50
BikeBikeable

Schools

4/10
Speedway AcademiesGrades PK-80.5 mi
1/10
West Side High SchoolGrades 9-121.0 mi
1/10
Central High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator,See Remarks

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Kitchen,See Remarks

Heating & Cooling

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

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614040410000000710000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 3,920 sqft
  • Lot size dimensions: 37.6 x 100

Parking

  • Total spaces: 4
  • Parking features: 1 Car Width,Driveway-Exclusive
  • Uncovered spaces: 4

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
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
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 $3,792$45,504
Home Insurance *$406$4,872
Property Taxes $1,312$15,744
Electricity $193$2,318
Total$5,703$68,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$195,531/yr
40% on housing$171,090/yr
45% on housing$152,080/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 07106$249
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07106$221
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
2026-06-16Listed for sale$750,000
2026-06-05Listing removed$750,000
2026-03-09Pending sale$750,000
2025-12-24Listed for sale$750,000
2022-07-15Listing removed--
2022-05-17Listed for rent$1,450
2022-05-07Listing removed--
2022-04-27Listed for rent$1,450
2020-04-09Listing removed$1,450
2019-07-17Listed for rent$1,450
2018-08-18Listing removed$1,300
2018-08-16Price change$1,300
2018-07-05Listed for rent$1,350
2015-12-25Listing removed$1,300
2015-12-16Listed for rent$1,300

For Sale by Agent

AgentChristopher Stead
BrokerageRe/Max Professionals I

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