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Listing Details

502 Irvine Turner Blvd,Newark City, NJ 07108-2465

  • September 4, 2025

Description

Check out this ready to go Duplex! The first floor unit is tenant occupied with 6 yrs remaining on a 15 yr lease. They also have a 10 year option that they are ready to exercise. The second floor 3 Br 1 ba apt is freshly renovated and vacant so you can choose your own tenants, or owner occupy/house hack. Amazing location in close proximity to 78. Come check out this great investment property today!

Details

Last Updated On: September 4th, 2025 at 2:38 am
Property ID:PT-1395576-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 400,000 $

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 18.10X125
Property Type: Mixed Use
Lot Identifier: 22

Home Details

Location: Residential Area
Acreage: 0.05
Sale Includes: Building & Land
Construction: Formed Concrete
Exterior Description: Vinyl Siding
Roof Description: Flat
Number of Stories: 2
Number of Units: 2
Number of Lavatories: 2
Max Ceiling Height: 10
Max Door Height: 8
Available SqFt: 2500
Building SqFt: 2500
Parking Desc: On-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Unfinished
Tenant Pays: Electric, Gas, Sewer, Water
Owner Pays: No Utilities
Block Identifier: 2702
County Number: 16
Town Number: 1614
Possession: At Settlement

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases, Survey
Lease Type: Gross
Lease Includes: Building Maintenance, Taxes
Ownership: Fee Simple
Tax ID For Property: 1614-02702-0000-00022-0000-
Tax Amount: $9,834.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2024
Land Assessment: $21,700.00
Building Assessment: $236,900.00
Total Assessment: $258,600.00

Utilities

Equipment Available: Appliances, Fixtures
Heat Source: Gas-Natural
Heat System: Forced Hot Air
Cool System: Central Air, Multi-Zone Cooling
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Zoning: R3

Statistics

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400,000 $

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