58 11th Ave
Newark City, NJ 07107
Price: $615,000
GSMLS: 4051251Type: Multi-Family
Style: 1-One Story
Total Units: 2
Beds: 6
Baths: 2 Full
Garage: No
Year Built: 1897
Acres: 0.06
Property Tax: $5,686
Description
Spacious and income-producing two-family home located in Newark's desirable Fairmount neighborhood, offering an excellent opportunity for both owner-occupants and investors - ideal for buyers looking to offset their mortgage with rental income. This well-maintained property features two oversized units with a total of 6 bedrooms and 2 full bathrooms, plus a fully finished basement providing additional flexible living space. The first unit offers 3 bedrooms and 2 full bathrooms, including a finished lower level with bonus rooms and a separate entrance. The second unit features an expansive 3-bedroom, 2-bath layout with a finished attic, providing additional usable space. Additional highlights include hardwood, vinyl, and tile flooring throughout, laundry area and ample storage spaces, private balcony space, and separate utilities. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile multi-family property offers space, functionality, and long-term value in a prime Newark location. Eligible buyers may qualify for down payment and closing cost assistance programs, enhancing overall affordability.
General Info
Style:
1-One Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, 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:
2
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, 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:
Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
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:
$615,000
Tax Amount:
$5,686
Land Assessment:
$29,700
Build. Assessment:
$112,500
Total Assessment:
$142,200
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4051251
List Date:
09-08-2026
Days On Market:
2
Listing Broker:
COMPASS NEW JERSEY LLC
Listing Agent:
Carlos Beltran
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
