40-42 Silver Street Newark, NJ $ 549,900
40-42 Silver Street
$ 549,900
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40-42 Silver Street

Newark, NJ, 07106
$ 549,900
Bedrooms8 Baths3.0

Monthly Estimate*

$ 3,841

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Multi-Family Home for sale in Newark, NJ

for $549,900 with 8 bedrooms and 3 full baths. This home was built in 1900.

40 Silver st is a large, fully renovated 2 family home in desirable Vailsburg section of Newark, close to everything! The flow of the layout, the abundant windows, and the tall ceilings make both apartments feel open and spacious. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.

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Multi-Family Contingent

Price

$ 549,900

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,271

Style

2 Family

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

24008945

Features
Interior
Basement None Unfinished
Total Bedrooms 8
Fireplace None
Heating/Cooling Gas Hot Air
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Exterior
Waterfront None
Flood Plain None
Substyle Top/Btm
Exterior Finish Vinyl
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General
Laundry Y/N Basement Hook Ups
Area 0714
Style 2 Family
Miscellaneous None
Garage None
Status UNDER CONTRACT
Utilities Sep Elec Sep Heat
Rooms 16
Views/Exposure None
Year Built 1900-1939
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* Excluded Features

Affordability Calculator

$4,280
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,841
Monthly Property Taxes
$439
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$549,900 Listed Price

Map


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40-42 Silver Street, Newark, NJ, 07106 is a Multi-Family Home for sale at $549,900. 40-42 Silver Street has 8 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 07106 which is in Newark, NJ