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    203-205 Hansbury Ave Newark, NJ 07112

    Pending
    For Sale
    $549,900

    3-Three Story, Multi-Family - Newark City, NJ

    Lot size:
    0.09 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 203-205 Hansbury Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    3-fam
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Kitchen, Living Room
    Bedrooms
    5
    Bathrooms
    3
    Parking
    4
    Interior features
    Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors
    Exterior features
    Sidewalk, Storm Door(s), Storm Window(s)
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Other (Heating), Steam
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1924
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent JUSTIN KILISZEK (866) 201-6210

    Listing date Oct 31, 2025

    MLS# 3990109 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark City Three-Family Home

    This legal three-family home in Newark City, NJ, presents an opportunity for renovation. Each unit features hardwood flooring, multiple kitchens, and ample living space. The property is suited for an owner-occupant looking to live in one unit and rent out the others, or for investors aiming to maximize rental income. It is located near schools, shopping, major highways, and public transportation. The lot size is 0.09 acres. The property is being sold as-is, and the buyer is responsible for all municipal certificates and inspections.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.21841
    Latitude
    40.7069

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    FAQs

    What type of property is this?
    Triplex - Legal three-family home in Newark City, ready for renovation.
    Where is this triplex located?
    The property is located at 203-205 Hansbury Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Legal 3-family home: Excellent investment for rental income or owner-occupancy.; - Generous layouts in each unit: Multiple kitchens and ample living space.; - Opportunity to offset mortgage: Live in one unit and rent out the others.
    (866) 201-6210
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    Newark, NJ 07112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203-205 Hansbury Ave Newark, NJ 07112
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