116 Chapel St Newark, NJ $ 950,000
116 Chapel St
$ 950,000
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116 Chapel St

Newark, NJ, 07105
$ 950,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 6,561

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Multi-Family Home for sale in Newark, NJ

for $950,000 with 8 bedrooms and 5 full baths. This home was built in 2005 on a lot size of 0.06.

!INVESTMENT OPPORTUNITY IN NEWARK?S IRONBOUND! Don?t miss this spacious and beautifully maintained two-family home, offering approximately 1,400 sq. ft. per apartment, plus a finished ground-level space in mint condition! The first and second floors each feature 6 spacious rooms, 3 bedrooms, and 2 full bathrooms, complemented by beautiful hardwood floors, ceramic tile, and fresh paint throughout. The ground level offers an additional 4 finished rooms and a full bathroom, providing plenty of extra space and flexibility for the new owner. Laundry facilities are conveniently located on this level as well. Parking is a breeze with a 1-car garage plus 2 additional driveway parking spaces, including a canopy.Step into the backyard and discover a wonderful space for entertaining and relaxing, featuring a custom-built masonry BBQ area with canopy?perfect for summer cookouts, gatherings, and enjoying your own private outdoor retreat. Spacious, well-maintained, and packed with possibilities, this property is a must see! Schedule your private showing today and discover everything this home has to offer.

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Multi-Family Active

Price

$ 950,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 10,545

Style

3-Three Story, Under/Over

Lot Size

0.06

Year Built

2005

Town/City

Newark

County/Region

Essex

MLS | Web ID

4052264

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Smoke Detector
Basement Finished Full Walkout
Unit 1 Baths Total 2.0
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural Solar-Leased
Half Baths 0
Total Bedrooms 8
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General
Sewer Public Sewer
Heating 2 Units Forced Hot Air
Cooling 2 Units Central Air
Utilities Gas In Street
Possession At Closing
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 1
Architectural Style 3-Three Story Under/Over
Exclusions Owners personal property
Year Built 2005
Garage Attached Garage Garage Parking
Township Newark City
Tax Year 2025
Gross Income 9999
County Essex
Net Operating Income 9999
Operating Expense 9999
Total Rooms 16
Full Baths 5
Status Active
Directions Raymond Blvd to Chapel St.
Open Parking Spaces 2
Number Of Units Total 2
Tax Annual Amount 10545
Home Warranty Y/N No
Drive 2 Car Width Driveway-Exclusive Off-Street Parking
Standard Status Active
Tax Assessed Value 263700
Town # 1614
Tax Lot 46
Farm Assessment No
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Exterior
Exterior Amenities Barbeque Metal Fence Sidewalk Storm Window(s)
Lot Features Level Lot
Water Source Public Water
Exterior Description Brick Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
RAYMOND A CLARKE

Listing Agent

Re/Max Our Town

Broker

Affordability Calculator

$7,440
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,561
Monthly Property Taxes
$879
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/12/2026$950,000 Listed Price

Map


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116 Chapel St, Newark, NJ, 07105 is a Multi-Family Home for sale at $950,000 with a lot size of 0.06. 116 Chapel St has 8 bedrooms, 5.0 baths, and was built in 2005. The property's zip code is 07105 which is in Newark, NJ