56 Vanderpool St, Newark City NJ 07114-1771

Property City
Newark City
Property Media
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Property Price
$749,999
Bedrooms
11
Year Built
1950
Tax Annual Amount
$10336
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
Lot Size Area
0.06
MLS Status
Active
MLS #
4007330

Excellent opportunity to own a well-located 3-family property just minutes from Downtown Newark. The building features three spacious apartments, each offering 3 bedrooms with strong layouts and solid tenant appeal. Currently generating approximately $7,000/month in rental income, this property provides immediate cash flow with significant upside potential through rent optimization or light value-add improvements. Ideal for investors seeking stable passive income in a high-demand rental market with close proximity to transportation, employment hubs, and city amenities.

Yearly Tax Rate
3.803
Year Built (*numeric)
1950
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Heating
Baseboard - Electric
Lot Size Dimensions
24.6X100
Property Location

40.71998, -74.18602

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762