60 Telford St, Newark City, NJ 07106
Essex County
Key Facts
Description
Ease of Ownership best describes this 4-family gem! Located in Upper Vailsburg, this is a "plug and play". Each unit consists of 3-bedrooms, and 1 bath. The property was completely renovated in 2019 and boasts of having a valid NJ DCA Green Card Inspection certificate. Each tenant enjoys separate central heat/air as well as a shared coin-operated laundry room in the basement. The property has combo security locks to avoid lost key syndrome! Tenants are on a month-to- month lease, but with laundry and possible garage income currently can produce $113,700 annually for a generous 13.57% cash on cash return. Two units are below market and have the possibility to increase these returns down the road. Current onsite tenant handles cleaning and garbage. 2 Sump pumps in the basement as well as interior plumbing for sprinkler system
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Fourplex
Year Built
2019
Lot Size
0.11 acres
Garage Spaces
3
Days on Market
50
MLS® Listing#
4027870
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Construction
Roof
Security
Utilities
Water Source
Financial Details
Annual Taxes
$13,860
Tax year 2025
Assessed Value
$346,600
Parcel Number
1614-04202-0000-00067-0000-
Directions
Upper Vailsburg off South Orange Ave
Affordability Calculator
$193,800
Estimated monthly payment
$5,157/mo
Principal $775,200 · Est. interest $1,081,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,296
- Median Listing Price
- 49
- Median Days on Market
- 1,369
- Median Sq Ft
- $425
- Median Price / Sq Ft
- 3,196
- Active Listings
- This home’s price is 58% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Benjamin Banneker Academy
School · 0.2 mi away
St. Joseph School
Elementary · 0.3 mi away
Vailsburg Middle School
School · 0.3 mi away
Vailsburg Elementary School
Elementary · 0.3 mi away
Alexander Street School
Elementary · 0.4 mi away
Lincoln Elementary School
Elementary · 0.5 mi away
Cicely Tyson School of Fine Arts
School · 0.6 mi away
Pride Academy Charter School
School · 0.6 mi away
Speedway Avenue School
Elementary · 0.7 mi away
Speedway Academies
School · 0.7 mi away
Ivy Hill Elementary School
Elementary · 0.9 mi away
Ecole Toussaint Louverture
Elementary · 0.9 mi away
Fourteenth Avenue School
Elementary · 0.9 mi away
Newark School of Data Science and Information Technology
Secondary · 0.9 mi away
Marshall Elementary School
Elementary · 1.0 mi away
University Elementary School
Primary School · 1.0 mi away
Immaculate Conception Seminary
School · 1.0 mi away
University Middle School
Secondary School · 1.0 mi away
Independence High School
Secondary · 1.0 mi away
Heywood Avenue Elementary School
Elementary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 407 Jefferson Ave, Elizabeth City, NJ | $690,000 | 11 | 5 | 19,998 |
| 154 Belmont Ave, Paterson City, NJ | $699,999 | 12 | 3 | 29,997 |
| 56 Vanderpool St, Newark City, NJ | $749,900 | 11 | 4 | — |
| 743 S 12Th St, Newark City, NJ | $755,000 | 11 | 6 | 2,800 |
| 656 E 24Th St, Paterson City, NJ | $780,000 | 11 | 4 | 3 |
| 23 S 17Th St, East Orange City, NJ | $789,000 | 11 | 3 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: POWERHOUSE REALTY, INC. - 9737635033