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50 Palm St, Newark, NJ, 07106

4beds
2baths
2,000sqft
$540,000
$270price/sqft
$4,187/moest. monthly cost
$167,480/yrincome needed

About This Home

Welcome to 50 Palm Street in Newark, New Jersey, a well-maintained two-family home located in the desirable Lower Vailsburg section. This property offers a great opportunity for owner-occupants or investors looking for rental income in a convenient location.Each unit features 2 spacious bedrooms and 1 full bathroom, with updated interiors, spacious closets with organizers, and comfortable living spaces filled with natural light. The kitchens include stainless steel appliances, and the home is equipped with a Nest thermostat for modern energy-efficient climate control.The layout provides functional living areas and well-sized bedrooms, making each unit both comfortable and practical.Conveniently located close to major highways, public transportation, shopping, restaurants, parks, and universities, with easy access to I-78 and the Garden State Parkway, making commuting to NYC and surrounding areas simple.Whether you?re looking to live in one unit and rent the other or add a solid property to your investment portfolio, this home offers great potential.

Getting Around

78
WalkingVery Walkable
53
TransitGood Transit
49
BikeSomewhat Bikeable

Schools

3/10
Lincoln Elementary SchoolGrades PK-80.4 mi
1/10
West Side High SchoolGrades 9-121.5 mi
1/10
Central High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedrooms,Eat-in Kitchen,Living/Dining Room,Pantry,Eat-In Kitchen,Ceiling Fan(s)

Heating & Cooling

  • Heating features: Forced Air,Zoned,Natural Gas
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 2,000
  • Total interior livable area: 2,000 sqft

Property

Details

  • Parcel number: 1614041990000001010000
  • Exclusions: All personal property -

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Open Porch(es),Porch
  • Fencing: Metal Fence

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 100

Parking

  • Parking features: On Street