24 Willoughby St
Newark City, NJ 07112
Price: $949,000
GSMLS: 3985115Type: Multi-Family
Style: Duplex-Side by Side, Fourplex
Total Units: 4
Beds: 21
Baths: 8 Full
Garage: No
Year Built: 1927
Acres: 0.11
Property Tax: $10,709
Description
Beautiful 4-family Investment Opportunity In The Weequahic Section Of Newark! Discover This Expansive Side-by-side 4-family Home, Offering An Exceptional Investment Opportunity In The Desirable Weequahic Section Of Newark. Each Of The 4 Main Units Features 3 Bedrooms And 1 Bathroom, A Large Kitchen And A Family Room, All Tastefully Renovated In 2021 With Newer Roof, Siding, And Windows. The Property Also Boasts Two Bonus Units On The 3rd Floor, Each Equipped With A Kitchenette And Full Bathroom, Plus A Spacious Basement With 7 Additional Rooms And 2 Bathrooms, Providing Excellent Flexibility For Various Uses. The Property Has Abundant Space In Each Unit With Large Bedrooms, High Ceilings, Large Kitchens And Generous Sized Living Rooms. With A Total Of 21 Bedrooms And 8 Bathrooms Across 6,952 Square Feet On A 50 X 100 Lot, This Property Offers Incredible Versatility Perfect For Use As A Short-term Rental Operation, Or As A Traditional Multi-family Investment With Added Income Potential. Additional Highlights Include A Backyard, Proximity To Transportation, Shopping, Dining, And Schools, And The Potential For Strong Rental Returns In A High-demand Area. Don't Miss This Rare Opportunity To Own A Turnkey Multi-family Property With Endless Possibilities!
General Info
Style:
Duplex-Side by Side, Fourplex
SqFt Building:
6,952
Total Rooms:
29
Basement:
Yes - Finished, Full
Interior:
Fire Extinguisher, High Ceilings, See Remarks, Smoke Detector, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
2 Units, Cent Register Heat, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
Garbage Included
School Information
Elementary:
G CARVER
Middle:
WEEQUAHIC
High School:
WEEQUAHIC
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
Weequahic
Financial Considerations
List Price:
$949,000
Tax Amount:
$10,709
Land Assessment:
$30,600
Build. Assessment:
$251,000
Total Assessment:
$281,600
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3985115
List Date:
09-05-2025
Days On Market:
3
Listing Broker:
RE/MAX FIRST REALTY II
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: MorrisCountyLiving.com
