53 Rose Ter
Newark City, NJ 07108
Price: $649,900
GSMLS: 3988801Type: Multi-Family
Style: Triplex, Under/Over
Total Units: 3
Beds: 8
Baths: 3 Full
Garage: No
Year Built: 1930
Acres: 0.08
Property Tax: $6,582
Description
Excellent Investment Opportunity! This Fully Legal 3 Unit Property Is Ready For Its Next Savvy Investor To Unlock Its Full Cash Flow Potential. Each Floor Offers A Separate Apartment: The 1st And 2nd Floors Feature Spacious 3-bed, 1 Bath Layouts, While The 3rd Floor Offers A 2 Bed, 1 Bath Unit, Perfectly Positioned To Be Rented At Current Market Rates. With Low Annual Taxes Of Just $6,600 And Additional Basement Space Ideal For Storage Or Extra Income Opportunities, This Property Is Built For Strong Returns. On Street Parking Keeps Maintenance Low, Making It A Hassle Free Option For Landlords Or Owner Occupants Alike. Schedule Your Showing Today And Make This A Valuable Addition To Your Investment Portfolio!
General Info
Style:
Triplex, Under/Over
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Finished-Partially
Interior:
Carbon Monoxide Detector, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, Vinyl Siding
Lot Size:
31X113.7
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground, Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$649,900
Tax Amount:
$6,582
Land Assessment:
$26,700
Build. Assessment:
$146,400
Total Assessment:
$173,100
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3988801
List Date:
09-24-2025
Days On Market:
0
Listing Broker:
REDFIN CORPORATION
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: EdenLaneLiving.com
