59 ROSE Terrace Newark, NJ $ 699,000
59 ROSE Terrace
$ 699,000
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59 ROSE Terrace

Newark, NJ, 07108
$ 699,000
Baths0.0 Sq 2,440

Monthly Estimate*

$ 4,304

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View a Virtual Tour
Studio

Multi-Family Home for sale in Newark, NJ

for $699,000. This 2,440 square foot home was built in 1925 on a lot size of 0.0826.

An exceptional opportunity you don't want to miss!. Beautifully Renovated 2-Family Home with Rental Income Potential! This is a rare opportunity to own a turnkey 2-family property whether you're an investor seeking rental income or a family looking for a move-in ready home with space to grow. this home checks all the boxes. 8 Bedrooms 3 Bathrooms with Parking. This home offers the perfect blend of comfort, style, and investment potential. Designed for both multi-generational living and strong rental income opportunities, with both units currently VACANT. First Floor Unit: 3 generous bedrooms, 1 full bath, open-concept living room with fireplace, and a brand-new kitchen. Second Floor Duplex Unit: Expansive 5-bedroom, 2 full bath layout spanning two levels, complete with a private deck balcony featuring an outdoor ceiling fan ideal for relaxing or entertaining. Modern kitchens with shaker cabinets, granite countertops, and stainless steel appliances (stove, microwave/dishwasher, and side-by-side refrigerator). Ceramic tile and luxury vinyl flooring throughout. Bright and airy open layouts with alcove areas perfect for a home office or reading nook. Fireplaces in both units add warmth and charm. Driveway with rear parking, Separate utilities for each unit. Low property taxes for added value. Close to schools, shops, and public transportation. Just minutes to Downtown Newark Penn Station, the Garden State Parkway, and I-78W making this the perfect home for commuters. Added features includes Central HVAC system, 1 year Home Warranty and Doorbell Cameras for each unit.

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Multi-Family Active

Price

$ 699,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,499

Style

Lot Size

0.0826

Year Built

1925

Town/City

Newark

County/Region

Essex

MLS | Web ID

2604844R

Features
General
Living Area 2440
Sewer Public Sewer
Heating Central Forced Air
Cooling A/C Central - All Ceiling Fan(s)
Utilities Natural Gas Connected
Roof Asphalt
Year Built 1925
Stories Count 3
Property Subtype 2 Family
Tax Year 2023
County Essex
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active
City Newark
Lot Size Square Feet 3598
Tax Annual Amount 9499
Living Area Units Square Feet
Standard Status Active
Appliances Water Heater(Gas) Water Heater Unit 1(Range/Oven Refrigerator) Unit 2(Range/Oven Refrigerator)
Gas Y/N Natural Gas
Virtual Tour https://www.propertypanorama.com/instaview/msx/2604844R
Garage Spaces 3
Ownership Fee Simple
Garage Y/N true
Total Rooms 16
Carport Spaces 0
Carport Y/N false
Patio/Porch Features Patio Deck Porch
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Interior
Interior Amenities Unit 1(3 Bedrooms Kitchen 1 Bath Living Room Den/Family Room) Unit 2(Kitchen 5+ Bedrooms Living Room 2+ Baths See Remarks Den/Family Room)
Total Stories 3
Heating Y/N true
Half Baths 0
Total Baths 0
Basement Partially Finished Full Exterior Entry Storage Space Utility Room Workshop Laundry Facilities
Total Bedrooms 0
Window Features Blinds
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Exterior
Parking Features Garage See Remarks 3-4 Car Parking
Lot Features Near Shopping Near Train Near Public Transit
Water Source Public
Lot Size Area 0.0826
Building Area Total 2440
Lot Dimensions 116.00 x 31.00
Lot Size Acres 0.0826
Covered Spaces 3
Exterior Amenities Patio Deck Blinds Porch
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 3
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* Excluded Features
List By
EIESHA DUNCAN

Listing Agent

Keller Williams Elite Realtors

Broker

monroegroupllc@gmail.com

Email

Affordability Calculator

$5,095
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,304
Monthly Property Taxes
$792
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
0 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2026$699,000 Listed Price

Map


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59 ROSE Terrace, Newark, NJ, 07108 is a Multi-Family Home for sale at $699,000 with 2,440 sqft and a lot size of 0.0826. 59 ROSE Terrace is a studio with 0.0 baths and was built in 1925. The property's zip code is 07108 which is in Newark, NJ