194-196 Smith St
Newark City, NJ 07106
Price: $699,000
GSMLS: 4011388Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 8
Baths: 3 Full
Garage: No
Year Built: 1912
Acres: 0.11
Property Tax: $6,146
Description
Open House Tomorrow 12:30PM–2:30PM.
Welcome to this spacious, recently renovated multi-family home located in the Lower Vailsburg area of Newark, situated on a 50x100 lot. This property presents an excellent opportunity for investors looking for a profitable investment, or for anyone who wishes to live in one unit while renting out the others for additional income.Unit 1 features 3 bedrooms and is available for rent at $2,150; it can potentially be delivered vacant. Unit 2 also has 3 bedrooms, is currently vacant, and was previously rented for $2,150. Unit 3 includes 2 bedrooms and is rented for $1,850, but will soon be vacant.THE PROPERTY BOASTS A NICE EXCLUSIVE DRIVEWAY.General Info
Style:
3-Three Story
SqFt Building:
2,532
Total Rooms:
16
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
See Remarks
Lot Size:
50X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Driveway-Exclusive
Spaces Available:
2
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Family Room, Kitchen
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Family Room, Kitchen
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,000
Tax Amount:
$6,146
Land Assessment:
$19,400
Build. Assessment:
$134,300
Total Assessment:
$153,700
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4011388
List Date:
02-25-2026
Days On Market:
2
Listing Broker:
KELLER WILLIAMS MID-TOWN DIRECT
Listing Agent:
Menachem Silberman
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
