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516 Hawthorne Ave,Newark City, NJ 07112-1336 | Wright Home Realty

Call us:

+01-123-4567

Listing Details

516 Hawthorne Ave,Newark City, NJ 07112-1336

  • January 2, 2026

Description

This three family house boasts nine bedrooms and six bathrooms and each unit offers a built in laundry. This brand new property is equipped with a sprinkler system and each apartment has its separate gas and electric meters. Each apartment features three beds and two bathrooms and the same rent amount across the board. This ultimate income producing property should pick you business acumen. The property is currently under construction with an estimated completion date of June 20th 2026.This brand new property will enjoy a five years tax abatement.

Details

Last Updated On: January 2nd, 2026 at 3:33 pm
Property ID:PT-24898778-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 1,095,000 $
Bedrooms:9
Year Built:2026

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25X100
Lot Identifier: 4
Lot Description: Level Lot, Open Lot
Lot Identifier: 4

Home Details

Open Parking: 0
Basement: No
Basmnt/Desc: No - Slab
Acreage: 0.11
Total Baths: 6.00
Unit Style: Triplex, Under/Over
Number of Units: 3
Rooms: 16
Easement/Desc: Unknown
Exterior Description: Brick,ConcBrd,Vinyl
Roof Description: Asphalt Shingle
Possesion: TBD
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 4
Unit 1 Beds: 3
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 SqFt: 1307
Unit 1 Rent: 2900
Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room, Master Bedroom, Utility Room
Unit 1 Security Deposit: 4350
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Levels: 2
Unit 2 Rooms: 4
Unit 2 Beds: 3
Unit 2 Baths: 2.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 SqFt: 1326
Unit 2 Rent: 2900
Unit 2 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Master Bedroom, Utility Room
Unit 2 Security Deposit: 4350
Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Levels: 3
Unit 3 Rooms: 4
Unit 3 Beds: 3
Unit 3 Baths: 2.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Handicap: No
Unit 3 SqFt: 1326
Unit 3 Rent: 2900
Unit 3 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Master Bedroom, Utility Room
Unit 3 Security Deposit: 4350
Color of Building: TBD
Garage Description: On Site, On-Street Parking
Block Identifier: 3067
County Number: 16
Town Number: 1614
YB/Desc: 2026 - To Be Built, Under Construction
Color of Building: TBD
Easement: Unknown
Parking/Driveway Description: On-Street Parking
Block Identifier: 3067
County Number: 16
Town Number: 1614
Possession: TBD

Taxes, Fees & Assessments

Gross Operating Income: 9999
Net Operating Income: 9999
Expense Include: Cold Water, Insurance, Taxes
Tax ID For Property: 1614-03067-0000-00004-0000-
Tax Amount: $4,183.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $110,000.00
Total Assessment: $110,000.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Electric, Gas-Natural
Heat System: 3 Units, Forced Hot Air
Cool System: 3 Units, Central Air
Water: Public Water
Sewer: Public Available, Public Sewer
Utilities: All Underground, Electric, Gas In Street
Services: Fiber Optic Available, Garbage Included

Schools

Grade School: HAWTHORNE
Middle School: PESHINE
High School: UNIVERSITY

Other

Zoning: R3

Features

  • Carbon Monoxide Detector
  • Curbs
  • FencVnyl
  • Fire Alarm Sys
  • Fire Extinguisher
  • Intercom
  • Sidewalk
  • Smoke Detector
  • Walk-In Closet
  • Wood Floors

Statistics

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