17 Wolcott Ter 2, Newark City, NJ 07112
Essex County
Key Facts
Description
Welcome to this spacious and well-maintained two-family home located in Newark's desirable Weequahic neighborhood. This property presents an excellent opportunity for both owner-occupants and investors alike. Why rent when you can own while building long-term value?The first unit features three generously sized bedrooms, a bright living room, a dining area, and a full bathroom. The second unit offers four bedrooms, a comfortable living room, and a full bathroom, providing flexible living arrangements for multi-generational living or rental income potential. Both units offer bright and functional layouts designed for everyday comfort.The finished basement adds valuable bonus space and includes a full bathroom with walkout access, ideal for recreation, storage, or additional living flexibility. Outside, enjoy a spacious side yard and a driveway with parking for up to six vehicles.With a total of Ten bedrooms and three full bathrooms, this move-in-ready property offers exceptional space, versatility, and income-producing potential. Whether you choose to live in one unit and rent the other or add it to your investment portfolio, this is a fantastic opportunity to own a versatile property in a convenient Newark location.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
2-Two Story
Year Built
1922
Stories
2
Lot Size
0.09 acres
Days on Market
14
MLS® Listing#
4037299
Property Features
Heating
Basement
Parking
Lot Features
Construction
Roof
Sewer
Water Source
Schools
- Elementary:
- NEWTON
- Middle:
- HAWTHORNE
- High:
- TECHNOLOGY
Financial Details
Annual Taxes
$8,401
Tax year 2025
Assessed Value
$210,100
Parcel Number
1614-03621-0000-00044-0000-
Directions
GPS: 17 Wolcott Ter, Newark, NJ 07112
Affordability Calculator
$143,000
Estimated monthly payment
$3,806/mo
Principal $572,000 · Est. interest $797,991 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $615,097
- Median Listing Price
- 49
- Median Days on Market
- 1,385
- Median Sq Ft
- $417
- Median Price / Sq Ft
- 3,231
- Active Listings
- This home’s price is 16% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 17 Wolcott Ter 2, Newark City, NJ 07112
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Hawthorne Avenue School
Elementary · 0.1 mi away
University High School
Secondary School · 0.2 mi away
North Star Academy Clinton Hill Middle School
Elementary · 0.4 mi away
Bruce Street School
Elementary · 0.4 mi away
George Washington Carver Elementary School
Elementary · 0.4 mi away
Henrietta King Headstart
School · 0.5 mi away
NJ Regional Day School
School · 0.6 mi away
Peshine Avenue School
Elementary · 0.6 mi away
Madison Elementary School
Elementary · 0.6 mi away
Thurgood Marshall School
Elementary · 0.6 mi away
Great Oaks Legacy Charter School
School · 0.6 mi away
Kipp Team Academy
School · 0.6 mi away
Belmont Runyon Elementary School
Elementary · 0.7 mi away
Rising Star Learning Center
Elementary · 0.7 mi away
Maple Avenue School
School · 0.7 mi away
Newark Legacy Charter School
School · 0.7 mi away
Chancellor Avenue School
Elementary · 0.7 mi away
Weequahic High School
Secondary · 0.8 mi away
Chancellor Avenue Annex
School · 0.8 mi away
Avon Avenue School
Elementary · 0.8 mi away
Commute Calculator
Nearby Homes
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 118 Lenox Ave, East Orange City, NJ | $519,999 | 8 | 4 | — |
| 46 S Elberon Ave, Atlantic City, NJ | $549,000 | 8 | — | — |
| 23 Watson St, Paterson City, NJ | $549,000 | 8 | 3 | — |
| 63 Huntington Ter, Newark City, NJ | $549,999 | 8 | 4 | 19,998 |
| 78 16Th Ave, Paterson City, NJ | $550,000 | 8 | 3 | — |
| 333 S 19Th St 3, Newark City, NJ | $550,000 | 8 | 3 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: EXP REALTY, LLC - 8662016210