316 Ellery Ave, Newark City, NJ 07106
Essex County
Key Facts
Description
Welcome to this EXTREMELY RARE FOUR FAMILY investment opportunity in Newark's sought-after Vailsburg section this four-family fixer-upper offers exceptional potential, solid structure, and an unbeatable location just minutes from Seton Hall University. Perfect for investors, owner-occupants, or anyone looking to add value through renovation. This multi-family home sits on a quiet residential block with classic Newark character. With the right vision, it can be transformed into a high-performing income property. The parking availability alone sets it apart rare for the area and highly desirable for tenants. Its proximity to Seton Hall and South Orange adds consistent rental demand and long-term stability. 203k loans and hard money loans are welcome!
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Fourplex
Year Built
1952
Lot Size
0.11 acres
Days on Market
5
MLS® Listing#
4020415
Property Features
- Heating:
- Natural Gas
- Basement:
- Full
- Parking:
- Shared Driveway
- Construction:
- Wood Siding
- Roof:
- Asphalt
- Utilities:
- Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $10,133 (2025)
- Assessed Value:
- $253,400
- Parcel #:
- 1614-04127-0001-00044-0000-
Directions
google maps
Affordability Calculator
$150,000
Estimated monthly payment
$3,992/mo
Principal $600,000 · Est. interest $837,053 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 22% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 316 Ellery Ave, Newark City, NJ 07106
Nearby Schools
Ivy Hill Elementary School
Elementary · 0.1 mi away
Newark School of Data Science and Information Technology
Secondary · 0.2 mi away
Lincoln Elementary School
Elementary · 0.3 mi away
Mt Vernon Elementary School
Elementary · 0.4 mi away
Vailsburg Middle School
School · 0.5 mi away
Vailsburg Elementary School
Elementary · 0.5 mi away
Immaculate Conception Seminary
School · 0.5 mi away
Irvington High School
Secondary · 0.6 mi away
Madison Avenue School
Elementary · 0.7 mi away
Jajo Learning Center
School · 0.8 mi away
Alexander Street School
Elementary · 0.8 mi away
Marshall Elementary School
Elementary · 0.8 mi away
Burch Charter School of Excellence
Elementary · 0.8 mi away
Care About Me Program
School · 0.8 mi away
University Middle School
Secondary School · 0.9 mi away
University Elementary School
Primary School · 0.9 mi away
Prep School for Babies and Children
School · 0.9 mi away
Beth El Nursery School
School · 0.9 mi away
Clinton Elementary School
Elementary · 1.0 mi away
Florence Avenue Elementary School
Elementary · 1.0 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: BHGRE ELITE - 9083168530