196 Sussex Avenue Newark, NJ $ 650,000
196 Sussex Avenue
$ 650,000
Recently Listed
Open House 4/25 2pm - 4pm
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196 Sussex Avenue

Newark, NJ, 07103
$ 650,000
Bedrooms3 Baths1.0

Monthly Estimate*

$ 4,002

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Multi-Family Home for sale in Newark, NJ

for $650,000 with 3 bedrooms and 1 full bath.

Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom—perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won’t want to miss!

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Open House

4/25/2026 2:00 PM - 4:00 PM
4/26/2026 2:00 PM - 4:00 PM
196 Sussex Avenue Newark, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 650,000

Bedrooms

3

Full Bath

1

Property Type

Multi-Family

Taxes

$ 5,566

Style

3 Family

Town/City

Newark

County/Region

Essex

MLS | Web ID

26013902

Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat Water Connected
Garage Spaces 0.0
Architectural Style 3 Family
Rooms None
County ESSEX
Property Type 2-4 Family
HOA N
Total Rooms 13
Full Baths 1
Status Active - Active
City Newark
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details Pre 1900 Build Prior to 1978
Tax Annual Amount 5566.0
MLS Area Minor 400
Lease Considered Y/N N
Standard Status Active
Property Sub Type Additional Other
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Interior
Heating Y/N N
Half Baths 0
Laundry Features None
Total Bedrooms 3
Total Baths 1
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* Excluded Features

Affordability Calculator

$4,466
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$464
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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/21/2026$650,000 Listed Price

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196 Sussex Avenue, Newark, NJ, 07103 is a Multi-Family Home for sale at $650,000. 196 Sussex Avenue has 3 bedrooms and 1.0 baths. The property's zip code is 07103 which is in Newark, NJ