42 Seymour Ave
Newark City, NJ 07108
Price: $650,000
GSMLS: 4009103Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 9
Baths: 4 Full
Garage: No
Year Built: Unknown
Acres: 0.07
Property Tax: $5,213
Description
Beautiful 3-Family Home with Excellent Income PotentialThis spacious and well-maintained 3-family home features 3 bedrooms in each unit, plus a bonus room on the 2nd and 3rd floors. The property also includes a full finished basement with a full bath and additional rooms ideal for recreation, storage, or flexible use.Each floor offers a very spacious eat-in kitchen, complete with pantries and abundant closet space. Hardwood floors run throughout the home, adding warmth and character. The property is equipped with three furnaces, and the roof and gutters were replaced in July 2025. The basement is heated with electric baseboard heat.Conveniently located near NJT bus lines, Newark Beth Israel Hospital, and just 10 minutes from Newark International Airport, this home is ideal for both homeowners and investors.With strong rental potential, the property can generate close to $7,000 per month in rental income. It will be delivered with two units vacant, offering immediate flexibility for occupancy or rental. Owners are looking to close by April 31.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Finished, Full, Walkout
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X122
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, 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:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, 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:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
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:
No
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
From Furnace
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas In Street
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:
$650,000
Tax Amount:
$5,213
Land Assessment:
$12,200
Build. Assessment:
$124,900
Total Assessment:
$137,100
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4009103
List Date:
02-10-2026
Days On Market:
0
Listing Broker:
EXIT PLATINUM REALTY
Listing Agent:
Erica Campbell
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
