197 Weequahic Ave # 2 Newark, NJ $ 550,000
197 Weequahic Ave # 2
$ 550,000
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197 Weequahic Ave # 2

Newark, NJ, 07112
$ 550,000
Bedrooms6 Baths2.0

Monthly Estimate*

$ 3,799

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Multi-Family Home for sale in Newark, NJ

for $550,000 with 6 bedrooms and 2 full baths. This home was built in 1897 on a lot size of 0.14.

Welcome to the classic Weequahic Section. Unmatched investment potential awaits in this prime corner lot two-famly home situated just one block away from the iconic Beth Israel Medical Center. Offering a fantastic opportunity for investors or savvy own occupant buyers looking to customize, the property features a unique two-level upper unit layout with abundant space and natural light coming through oversized bay windows. While the home requires cosmetic updates and TLC throughout to really shine its absolute best, its functional footprint, private driveway, huge wrap around porch, desirable corner positioning, and unbeatable proximity to local healthcare facilities, highway access, downtown Newark locations present a solid canvas for transformation. Schedule an appointment, bring your vision, contractor, or design ideas to unlock the full equity and rental income potential of this promising multi-family asset. Ask about special attractive financing rates to take advantage for this neighborhood.

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Multi-Family Active

Price

$ 550,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,825

Style

3-Three Story

Lot Size

0.14

Year Built

1897

Town/City

Newark

County/Region

Essex

MLS | Web ID

4059048

Features
Interior
Interior Amenities Wood Floors
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 6
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General
Sewer Public Sewer
Heating 2 Units
Cooling None
Utilities Gas In Street
Possession flexible
Roof Asphalt Shingle
Water Heater Gas
Architectural Style 3-Three Story
Year Built 1897
Garage None
Township Newark City
Unit Number 2
Tax Year 2025
Gross Income 49200
County Essex
Net Operating Income 36825
Operating Expense 12375
Subdivision Name Weequahic
Total Rooms 11
Full Baths 2
Status Active
Directions Lyons Avenue to Maple or Clinton Place to Weequahic. One block to Beth Israel Hospital
Open Parking Spaces 3
Number Of Units Total 2
Tax Annual Amount 8825
Drive Driveway-Exclusive Off-Street Parking On-Street Parking
Standard Status Active
Tax Assessed Value 220700
Town # 1614
Tax Lot 46
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Exterior
Exterior Amenities Curbs
Lot Features Corner
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 58X105
Lot Size Acres 0.14
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* Excluded Features
List By
MICHELE CHILES-HICKMAN

Listing Agent

Bhhs Fox & Roach

Broker

michelechileshickman@hotmail.com

Email

Affordability Calculator

$4,534
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,799
Monthly Property Taxes
$735
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
10/15/2026$550,000 Listed Price

Map


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197 Weequahic Ave # 2, Newark, NJ, 07112 is a Multi-Family Home for sale at $550,000 with a lot size of 0.14. 197 Weequahic Ave # 2 has 6 bedrooms, 2.0 baths, and was built in 1897. The property's zip code is 07112 which is in Newark, NJ