Excellent Investment Opportunity in this 3 Family home on a large corner lot in thriving Newark!

Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parkng, bursting with possibilities. Great for passive income, rent out all units or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level u nit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more!

All in a prime commuter location steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center and easy access to major roads. Don't wait! Opportunity is knocking! Showings begin Saturday 4/27

Request Information
on 56-58 Shaw Ave
in Newark, NJ
Presented by Robert Dekanski at
RE MAX 1st Advantage.


Property MLS #2411030R from CJMLS

+ Reveal additional info including schools and tax history

+ Toggle All

+ Other Rooms

Total Rooms: 16
Basement Description: Full, Bath Full, Storage Space, Interior Entry, Utility Room, Laundry Facilities

+ Interior Features

Unit 1(Dining Room
2 Bedrooms
Kitchen
Living Room
2+ Baths)
Unit 2(Dining Room
3 Bedrooms
Kitchen
1 Bath
Living Room)
Unit 3(3 Bedrooms
Kitchen
1 Bath
Living Room)
Window Features: Screen/Storm Window, Blinds, Screens/Storms

+ Appliances

Water Heater(Gas)
Water Heater
Unit 1(Range/Oven
Refrigerator)
Unit 2(Range/Oven)
Unit 3(Range/Oven)
Laundry Features: In Basement

+ Heating and Cooling

Cooling Features: A/C Window Unit(s), Unit 1(A/C Unit)
Heating Features: Radiators-Hot Water
Heating: Yes

+ Exterior and Lot Features

Curbs
Porch(es) - Open
Screen/Storm Window
Door(s)-Storm/Screen
Sidewalk
Fencing/Wall
Blinds
Semi-Private Entry
Porch
Storage Area-Common
Screens/Storms
Fencing: Fencing/Wall
Patio And Porch Features: Porch(es) - Open, Porch

+ Land Info

Lot Description: Near Shopping, Cul-De-Sac, Level, Near Public Transit
Lot Size Acres: 0.0967
Lot Size Dimensions: 100.00 x 0.00
Lot Size Square Feet: 4212

+ Garage and Parking

Parking Features: 4(+)Car Parking, Paved

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School District: Newark City School District
High School District: Newark City School District
Middle or Junior School District: Newark City School District
+ Display Complete School Details

George Washington Carver Elementary School is a public elementary and middle school located approximately 0.2 miles away.
Map directions

Eagle Academy for Young Men of Newark is a public middle and high school located approximately 0.4 miles away.
Map directions

Weequahic High School is a public high school located approximately 0.4 miles away.
Map directions

Trinity Temple Academy is a private elementary and middle school located approximately 0.9 miles away.
Map directions

+ Amenities and Community Features

Community Features: Curbs, Sidewalks

+ Other Property Info

Annual Tax Amount: 6478
Source Listing Status: Active
County: Essex
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Source Neighborhood: Essex Park
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 3
Owner Pays: Unit 1 Owner Pays(Electric, Fuel, Water, Gas), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(Water)
Parcel Number: 1403063000000008
Subdivision: Essex Park
Zoning Description: Conform to Zoning
Property Subtype: 3 Family
Source System Name: C2C
Coming Soon Date: 2024-04-27
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2023	$143,600 + $29,800 $173,400	$6,464
2022	$143,600 + $29,800 $173,400	$6,478
2021	$143,600 + $29,800 $173,400	$6,474
2020	$143,600 + $29,800 $173,400	$6,589
2019	$143,600 + $29,800 $173,400	$6,521
2018	$143,600 + $29,800 $173,400	$6,403
2017	$143,600 + $29,800 $173,400	$6,173
2016	$143,600 + $29,800 $173,400	$5,964
2015	$143,600 + $29,800 $173,400	$5,737
2014	$143,600 + $29,800 $173,400	$5,377
2013	$143,600 + $29,800 $173,400	$5,120
2012	$112,600 + $34,000 $146,600	$5,060
2010	$112,600 + $34,000 $146,600	$4,661
2009	$112,600 + $34,000 $146,600	$4,015
2008	$112,600 + $34,000 $146,600	$3,810
2007	$112,600 + $34,000 $146,600	$3,650

+ Reveal Property Sale History

Listed 2024-04-25
$499,999
CJMLS

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Sold 2005-01-25
$225,000
Public Record

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Sold 1992-08-19
$107,000
Public Record

+ Building and Construction

Total Square Feet Living: 2934
Year Built: 1927
Building Area Total: 2934
Building Area Units: Square Feet
Building Features: Blinds, Semi-Private Entry, Porch, Storage Area-Common, Screens/Storms
Construction Materials: Vinyl Siding
Foundation Details: Full, Basement
Living Area Units: Square Feet
Property Age: 97
Roof: Asphalt
Building Total Stories: 3

+ Utilities

Electric On Property: Yes
Gas: Oil
Sewer: Public Sewer
Electricity Connected
Natural Gas Connected
Water Source: Public