55 Commonwealth Ave
Newark City, NJ 07106
Price: $199,000
GSMLS: 4057229Type: Single Family
Style: Colonial
Beds: 3
Baths: 1 Full
Garage: No
Year Built: 1924
Acres: 0.06
Property Tax: $5,146
Description
**INVESTOR OPPORTUNITY!** Bring your vision to this total-rehab property located in Newark's Lower Vailsburg section. Featuring 3 bedrooms, 1 bathroom, a formal dining room, living room, and bonus attic room, this property offers plenty of potential for the right investor.Property is being sold strictly **AS-IS** and requires a full renovation. Seller will make absolutely no repairs or improvements and makes no representations or warranties regarding the condition of the property, its systems, or improvements. Buyer is responsible for conducting all desired due diligence.**PLEASE BE ADVISED:** No unauthorized showings or entry onto the premises. Do not enter, inspect, walk, or otherwise access the property without prior consent and a confirmed appointment.
Rooms Sizes
Kitchen:
n/a
Dining Room:
n/a
Living Room:
n/a
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
n/a
Ground:
n/a
Level 1:
n/a
Level 2:
n/a
Level 3:
n/a
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
n/a
Year Renovated:
n/a
Basement:
Yes - Unfinished
Full Baths:
1
Half Baths:
0
Appliances:
See Remarks
Flooring:
n/a
Fireplaces:
1
Fireplace:
See Remarks
Interior:
n/a
Exterior Features
Garage Space:
No
Garage:
n/a
Driveway:
On-Street Parking
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Swimming Pool:
No
Pool:
n/a
Utilities
Heating System:
Baseboard - Hotwater, Radiant - Hot Water
Heating Source:
Oil Tank Above Ground - Inside
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.06
Lot Dimensions:
25X100
Lot Features:
n/a
School Information
Elementary:
LINCOLN
Middle:
LINCOLN
High School:
SCIENCE
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$199,000
Tax Amount:
$5,146
Land Assessment:
$23,800
Build. Assessment:
$104,900
Total Assessment:
$128,700
Tax Rate:
4.00
Tax Year:
2025
Ownership Type:
Fee Simple
Listing Information
MLS ID:
4057229
List Date:
10-06-2026
Days On Market:
4
Listing Broker:
COMPASS NEW JERSEY LLC
Listing Agent:
Tyre Ceaser
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
