562 N 11Th St, Newark, NJ, 07107
About This Home
A stunning newly constructed multi-family property in the heart of Newark, offering the perfect blend of modern design, functionality, and income potential. This 2024-built, three-story residence is ideal for both owner-occupants and savvy investors seeking immediate returns. This exceptional property features 2 spacious units, each thoughtfully designed with today's lifestyle in mind. The home offers a total of 6 bedrooms, 4 full baths, and 1 half bath, with beautifully appointed interiors that include open-concept living and dining areas, modern kitchens with stainless steel appliances, and in-unit laundry for added convenience. Each unit boasts generous bedroom sizes, including a primary suite, ample storage, and contemporary finishes throughout, creating a comfortable and stylish living experience. The 1st floor unit includes a fully finished walkout basement, offering additional flexible space perfect for storage, recreation, or future possibilities. Exterior features enhance both curb appeal and functionality, including a private fenced rear yard, patio space, and a built-in garage, a rare find in this area. With separate utilities, central air, and energy-efficient systems, this property is designed for ease of ownership and long-term value. Current rental potential provides strong income, making this a true turnkey investment opportunity. Located near major transportation, shopping, and local amenities in one of Newark's evolving neighborhoods.
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 2024
Materials
- Roof: Asphalt Shingle
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range/Oven - Gas,Self Cleaning Oven,Microwave Oven,Self-Cleaning Oven
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4.1
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Walk-In Closet(s),Bedrooms,Kitchen,Living/Dining Room,Master Bedroom,Storage,Ceiling Fan(s)
Heating & Cooling
- Heating features: 2 Units,Natural Gas
- Cooling features: 2 Units
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 1614007000000000030000
- Zoning description: RES
- Exclusions: Tenants personal property
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Patio
- Exterior features: Sidewalk
Lot
- Lot size: 1,742 sqft
- Features: Level
- Lot size dimensions: 1875SF 25 x 75
Parking
- Total spaces: 2
- Parking features: 1 Car Width,Built-In Garage,Underground
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 2
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
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,293 | $51,516 |
| Home Insurance * | $629 | $7,548 |
| Property Taxes | $1,485 | $17,820 |
| Electricity | $193 | $2,318 |
| Total | $6,600 | $79,200 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-23 | Listed for sale | $949,000 |
| 2016-02-20 | Listing removed | $50,000 |
| 2015-11-05 | Sold | $57,225 |
| 2015-08-12 | Listed for sale | $50,000 |
| 2006-10-16 | Sold | $296,400 |
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