137 Palm St
Newark City, NJ 07106
Price: $500,000
GSMLS: 4031996Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 5
Baths: 2 Full
Garage: No
Year Built: 1910
Acres: 0.08
Property Tax: $4,950
Description
Open House Saturday 12PM–2PM.
Don't miss this two-family income-producing property in the heart of Newark! Sitting on a generous 35x100 lot, this 5-bedroom, 2-bath home features two separately metered units ideal for maximizing rental returns or living in one unit while your tenant covers the mortgage. Both units offer updated kitchens with stainless steel appliances and gas ranges, tiled bathrooms with tub/shower combos, and a mix of hardwood and updated flooring throughout. The partially finished basement adds extra utility space, complete with laundry. A private driveway rounds out this turnkey investment opportunity.General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
9
Basement:
Yes - Partial
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Brick, Vinyl Siding
Lot Size:
35X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Driveway-Exclusive
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
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:
Radiators - Hot Water
Heating Fuel:
Gas-Natural
Cooling:
Ceiling Fan, Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
See Remarks
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:
$500,000
Tax Amount:
$4,950
Land Assessment:
$17,500
Build. Assessment:
$106,300
Total Assessment:
$123,800
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4031996
List Date:
06-03-2026
Days On Market:
0
Listing Broker:
THE REAL ESTATE COMPANY
Listing Agent:
Neville Parmar
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
