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120 Sunset Ave, Newark, NJ, 07106

5beds
2baths
0sqft
$500,000
--price/sqft
$3,866/moest. monthly cost
$154,640/yrincome needed

About This Home

Welcome to this beautifully renovated 5 bedroom 2 bathroom 2 Family House. Apt. 1 has an Eat in Kit., Living room, 2bdrms, & 1 bath room. Entering Apt.2, enjoy cooking with the family in a modern kitchen while having a conversation with guests in the dining room that's conveniently steps away. On the 2nd Level of this spacious Apt. you will be welcomed by a sitting area/4th Bedroom (Multi-Purpose Space) which leads to the 3rd Bedroom. Just a short distance away is the Bus Stop to Newark Penn, Shops & restaurants, along with Rt. 280, Rt.78, & The Parkway.

Getting Around

79
WalkingVery Walkable
56
TransitGood Transit
47
BikeSomewhat Bikeable

Schools

3/10
Lincoln Elementary SchoolGrades PK-80.4 mi
1/10
West Side High SchoolGrades 9-121.2 mi
1/10
Central High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1807

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Exhaust Fan,Range/Oven - Gas,Kitchen Exhaust Fan,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedrooms,Eat-in Kitchen,Kitchen,Living Room,Dining Room,Eat-In Kitchen,Rec Room

Heating

  • Heating features: 2 Units,Radiators - Steam,Natural Gas

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614040590000000660000

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Patio & porch: Porch

Lot

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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat 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 $2,528$30,336
Home Insurance *$270$3,240
Property Taxes $875$10,500
Electricity $193$2,318
Total$3,866$46,392
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$132,548/yr
40% on housing$115,980/yr
45% on housing$103,093/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$251
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
2026-05-05Listed for sale$500,000
2020-10-26Sold$294,000
2020-07-24Listed for sale$275,000
2020-07-24Pending sale$275,000
2020-07-06Listed for sale$275,000
2017-06-02Listing removed$131,900
2017-04-21Price change$131,900
2017-03-15Listed for sale$141,900
2010-11-15Sold$230,000
2009-11-23Sold$36,500
2009-09-04Price change$32,000
2009-08-07Listed for sale$46,500
2006-10-03Sold$310,000
2003-04-24Sold$140,476
1999-04-15Sold$130,000
1998-12-30Sold$10,000
1995-08-09Sold$1,500

Coming Soon

AgentRamon Ramos
BrokerageGild Realty

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