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    308 Chadwick Ave Newark, NJ 07112

    Pending
    For Sale
    $625,000

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

    Lot size:
    0.10 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 308 Chadwick Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    11
    Bathrooms
    3
    Patio and Porch features
    Deck
    Exterior features
    Deck, Metal Fence, Storage Shed
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Hot Water (Heating), Other (Heating)

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s), Storage

    Keller Williams Realty Premier Properties of Westfield (908) 233-8502 [email protected]

    Listing agent MICHAEL MARTINETTI (908) 233-8502

    Listing date Oct 25, 2025

    MLS# 3976795 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 Multi-Family Colonial

    This three-story, multi-family Colonial property is located in Newark City, New Jersey. It is situated approximately half a mile from public bus transportation. The property includes three units, each featuring a living room and kitchen. Unit 1, located on the first level, contains four bedrooms and a full bathroom. Unit 2, on the second level, also offers four bedrooms and a full bathroom. Unit 3, situated on the third level, includes three bedrooms. The property is suitable for investors or those seeking rental income to offset mortgage costs. The setup allows for leasing all three units or residing in one while generating income from the others. Exterior features include a front porch, fenced front and back yards, and storage sheds. An unfinished basement provides storage space and houses utilities. The lot size is 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -74.20385
    Latitude
    40.71541

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    FAQs

    What type of property is this?
    Triplex - Charming 3-family Colonial in Newark City, ideal for investors.
    Where is this triplex located?
    The property is located at 308 Chadwick Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Three separate units provide immediate rental income potential.; - Spacious layouts in each unit: two 4-bedroom units and one 3-bedroom unit.; - Convenient location: half a mile from public bus transportation.
    (908) 233-8502
    Request Owner's contact information
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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
    308 Chadwick Ave Newark, NJ 07112
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