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49 Norwood St , #3

Newark City, NJ 07106
  • $550,000
  • STATUS: Active Under Contract
  • ON SITE: 49 Days
  • MLS #: 4006323
Under Contract
UPDATED: 63 min ago
$550,000
  • 9
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1904
County:
Area:

School Ratings & Info

Description

Remarks: Fantastic Investment Opportunity! 3-family home in the vailsburg section of Newark with great potential. The three floor offers 3 bedrooms and 1bath each with spacious kitchen. The property needs some work but presents an excellent opportunity for investors or buyers looking to customize. With a bit of renovation, it can become a strong income producer or a great option for an owner-occupant to live in one unit and rent out the others. Conveniently located near Downtown Newark, NJPAC, Prudential Center, EWR Airport, and major transportation.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-03-13T18:49:08.043.
www.srrealestategroup.com/homes/172370766
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49 Norwood St , #3 Newark City, NJ 07106

  • Price: $550,000
  • Status: Active Under Contract
  • On Site: 49 Days
  • Updated: 63 min ago
  • MLS #: 4006323
9
Beds
3
Baths
0
½ Baths
0.07
Acres
1904
Built
County:
Essex
Area:
Newark City
Property Description
Remarks: Fantastic Investment Opportunity! 3-family home in the vailsburg section of Newark with great potential. The three floor offers 3 bedrooms and 1bath each with spacious kitchen. The property needs some work but presents an excellent opportunity for investors or buyers looking to customize. With a bit of renovation, it can become a strong income producer or a great option for an owner-occupant to live in one unit and rent out the others. Conveniently located near Downtown Newark, NJPAC, Prudential Center, EWR Airport, and major transportation.
Exterior Features

Approximate Lot Size 30X100 Exterior Description Vinyl Siding Garage Description On-Street Parking Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling None Heating 3 Units Total Number Of Rooms 18 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 6 Unit1 Security Deposit 1200 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsKitchenLaundry Room Unit3 Rooms 6 Unit3 Sq Ft 0

Property Features

Assessment Total 166700 Building Assessment 149800 Easement Unknown Fha Age Restricted No Fuel Type Gas-NaturalSee Remarks Gross Operating Income 0 Land Assessment 16900 Net Operating Income 0 Sewer Public Sewer Tax Amount 6339 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1200 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1585 Unit2 Security Deposit 1595 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1300 Unit3 Security Deposit 1300 Utilities Gas In Street Water Public Water Year Built Description Approximate

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-622-1672.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-03-13T18:49:08.043.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901