Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom?perfect for additional living space, storage, or potential… Read More expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won?t want to miss! Read Less
Courtesy of KELLER WILLIAMS - NJ METRO GROUP.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
7
Lot Size
0.07 Acres
Year Built
1887
MLS Number
4022177
30 Days Snapshot Of 07103
$396k
+3%
(avg) sold price
7
+75%
homes sold
98
+53%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished-Partially, Yes
Building
Built in 1887
Cooling
Window A/C(s)
Exterior Features
Vinyl Siding
Garage
None
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Hotwater
Lot
Approximate Lot Size: 27X113.5, 0.07 acres
Parking
None
Property
3 units, FHA Age Restricted: No
Roof
See Remarks
Sewer
Public Sewer
Taxes
Annual Tax Amount: $5,566, Tax Rate: 3.999
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, See Remarks
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, See Remarks
Unit Three
1 bathroom, 3 bathrooms, Handicap Accessibility: No, See Remarks
Utilities
Gas-Natural
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April 23, 2026
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