197 Weequahic Ave

Newark City, NJ 07112


 

Price: $550,000

GSMLS:  4059048
Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 6
Baths: 2 Full
Garage: No
Year Built: 1897
Acres: 0.14
Property Tax: $8,825
Description
Welcome to the classic Weequahic Section. Unmatched investment potential awaits in this prime corner lot two-famly home situated just one block away from the iconic Beth Israel Medical Center. Offering a fantastic opportunity for investors or savvy own occupant buyers looking to customize, the property features a unique two-level upper unit layout with abundant space and natural light coming through oversized bay windows. While the home requires cosmetic updates and TLC throughout to really shine its absolute best, its functional footprint, private driveway, huge wrap around porch, desirable corner positioning, and unbeatable proximity to local healthcare facilities, highway access, downtown Newark locations present a solid canvas for transformation. Schedule an appointment, bring your vision, contractor, or design ideas to unlock the full equity and rental income potential of this promising multi-family asset. Ask about special attractive financing rates to take advantage for this neighborhood.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
11
Basement:
Yes - Unfinished
Interior:
Wood Floors
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
58X105
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
None
Parking:
Driveway-Exclusive, Off-Street Parking, On-Street Parking
Spaces Available:
3
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living Room, Rec Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
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:
2 Units
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
Gas
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:
Weequahic
Financial Considerations
List Price:
$550,000
Tax Amount:
$8,825
Land Assessment:
$22,700
Build. Assessment:
$198,000
Total Assessment:
$220,700
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4059048
List Date:
10-14-2026
Days On Market:
1
Listing Broker:
BHHS FOX & ROACH
Listing Agent:
Michele Chiles-hickman
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008


Shawn and Diane Fox
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