53 Rose Ter , Newark City, Essex 07108-3677
  • $649,000

Overview

Property ID: HZ4016546
  • Residential Income
  • Property Type
  • 8
  • Bedrooms
  • 4
  • Bathrooms

Description

Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!

  • Address: 53 Rose Ter
  • City: Newark City
  • State/county: Essex
  • Zip/Postal Code: 07108-3677

Details

Updated on April 10, 2026 at 4:26 pm
  • Property ID HZ4016546
  • Price $649,000
  • Land Area 0.08 Acres
  • Bedrooms 8
  • Rooms 13
  • Bathrooms 4
  • Garage Size x x
  • Year Built 1930
  • Property Type Residential Income

Additional details

  • Roof Asphalt Shingle
  • Utilities All Underground, Electric, Gas-Natural
  • Sewer Public Sewer
  • Cooling Window A/C(s)
  • Heating 3 Units, Baseboard - Hotwater
  • County Essex
  • Property Type Residential Income
  • Architectural Style Triplex, Under/Over

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Jill Skibinsky

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