314 Smith St
Newark City, NJ 07106
Price: $510,000
GSMLS: 4040406Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 7
Baths: 3 Full & 2 Half
Garage: 2-Car
Year Built: 1927
Acres: 0.07
Property Tax: $7,798
Description
Exceptional investment opportunity in Newark! This property offers strong income-producing potential with separate utilities, making it an ideal addition to any investment portfolio or a great owner-occupied opportunity. The spacious units feature generous room sizes, abundant natural light, and functional layouts designed for comfortable living. Finished basement with full bathroom and kitchenette. This home is situated on a quiet residential street, the property is conveniently located near major highways, public transportation, shopping, schools, parks, providing easy access for commuters and tenants alike. Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this property presents outstanding long-term value in one of Newark's continually growing neighborhoods. Don't miss this excellent opportunity to own a cash-flowing asset with tremendous upside potential. HIGHEST AND BEST OFFERS ARE DUE BY MONDAY, JULY 20, 2026 BY 1PM.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Composition Shingle, Vinyl Siding
Lot Size:
32X100
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
1 Car Width, See Remarks
Spaces Available:
3
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
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
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:
2 Units, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
See Remarks
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
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:
$510,000
Tax Amount:
$7,798
Land Assessment:
$17,100
Build. Assessment:
$177,900
Total Assessment:
$195,000
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4040406
List Date:
07-13-2026
Days On Market:
5
Listing Broker:
RE/MAX SELECT
Listing Agent:
Carlos Turner
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
