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Four-Family Fixer-Upper Opportunity

316 Ellery Ave Newark, NJ 07106

316 Ellery Ave, Newark, NJ, 07106
$750,000
Pending
For Sale
Claim this Listing
$750,000
Pending

MULTI_FAMILY - Newark City, NJ

Lot Size0.11 Acres
AddedApr 13
Days on Market94
Last RefreshJul 15 at 3:06 am

Property Features for 316 Ellery Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Rooms
Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 8, Basement, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1
Parking
4
Standard status
Pending
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
10133

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1952
Number of units
4
Roof type
Shingle
Architectural style
Other

Listing agent ADRIAN AGRAMONTE

Listing office BHGRE ELITE 181 NORTH AVE. E, Cranford, NJ

Listing date Apr 13, 2026

MLS# 4020415 Listing URL

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This four-family fixer-upper is being offered for sale in Newark City. The property is presented as a solid-structure opportunity that would benefit from renovation and value-add improvements to support its income potential. It offers a multi-unit configuration designed for investors or owner-occupants looking to participate in the rehab process.

The home is located at 316 Ellery Ave in Newark’s Vailsburg section, according to the listing remarks. It is described as being just minutes from Seton Hall University, with additional proximity to South Orange. Parking availability is highlighted as a distinguishing feature for tenant appeal.

For buyers considering renovation, this property can fit a range of strategies, including an investor add-value plan or an owner-occupant arrangement where rental income helps offset housing costs. The listing notes that 203k loans and hard money loans are welcome, which may be useful for qualified borrowers planning a rehab-focused purchase. If you’re evaluating four-family assets in Newark City and want to price in the cost and work required, this property’s multi-unit framework and parking component are key attributes to review.

Key Highlights

  • Four‑family property built in 1952 in Newark’s Vailsburg section
  • Fixer‑upper opportunity with public water and public sewer
  • Shingle roof

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Hotel & Motel Cafe & Coffee Shop Bar & Pub Storage Facility Acupuncture Carpet & Flooring Store

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

FAQs

What type of property is this?
Quadplex - Four-family property in Newark City with renovation upside and parking availability, offered for sale.
Where is this quadplex located?
The property is located at 316 Ellery Ave Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑family property built in 1952 in Newark’s Vailsburg section; Fixer‑upper opportunity with public water and public sewer; Shingle roof
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