314 Smith St, Newark City, NJ 07106
Essex County
Key Facts
Description
Exceptional investment opportunity in Newark! This property offers strong income-producing potential with separate utilities, making it an ideal addition to any investment portfolio or a great owner-occupied opportunity. The spacious units feature generous room sizes, abundant natural light, and functional layouts designed for comfortable living. Finished basement with full bathroom and kitchenette. This home is situated on a quiet residential street, the property is conveniently located near major highways, public transportation, shopping, schools, parks, providing easy access for commuters and tenants alike. Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this property presents outstanding long-term value in one of Newark's continually growing neighborhoods. Don't miss this excellent opportunity to own a cash-flowing asset with tremendous upside potential.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Year Built
1927
Stories
3
Lot Size
0.07 acres
Garage Spaces
2
Days on Market
3
MLS® Listing#
4040406
Property Features
- Heating:
- Natural Gas
- Basement:
- Finished
- Parking:
- Detached
- Construction:
- Vinyl Siding, Shingle Siding
- Roof:
- Asphalt
- Utilities:
- Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $7,798 (2025)
- Assessed Value:
- $195,000
- Parcel #:
- 1614-04108-0000-00033-0000-
Directions
South Orange Avenue to Sanford Avenue right on 18th Avenue and left onto Smith St.
Affordability Calculator
$102,000
Estimated monthly payment
$2,714/mo
Principal $408,000 · Est. interest $569,196 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $616,435
- Median Listing Price
- 49
- Median Days on Market
- 1,383
- Median Sq Ft
- $423
- Median Price / Sq Ft
- 3,208
- Active Listings
- This home’s price is 17% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 314 Smith St, Newark City, NJ 07106
Nearby Schools
Lincoln Elementary School
Elementary · 0.2 mi away
Vailsburg Middle School
School · 0.3 mi away
Vailsburg Elementary School
Elementary · 0.3 mi away
Ivy Hill Elementary School
Elementary · 0.4 mi away
Newark School of Data Science and Information Technology
Secondary · 0.4 mi away
Alexander Street School
Elementary · 0.4 mi away
Madison Avenue School
Elementary · 0.7 mi away
Benjamin Banneker Academy
School · 0.7 mi away
University Middle School
Secondary School · 0.7 mi away
University Elementary School
Primary School · 0.7 mi away
Mt Vernon Elementary School
Elementary · 0.7 mi away
Immaculate Conception Seminary
School · 0.7 mi away
St. Joseph School
Elementary · 0.8 mi away
Irvington High School
Secondary · 0.8 mi away
Burch Charter School of Excellence
Elementary · 0.8 mi away
Marshall Elementary School
Elementary · 0.9 mi away
Speedway Avenue School
Elementary · 0.9 mi away
Speedway Academies
School · 0.9 mi away
Prep School for Babies and Children
School · 1.0 mi away
Berkeley Terrace Elementary School
Elementary · 1.0 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: RE/MAX SELECT - 9082339292