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    42 Wakeman Ave Newark, NJ 07104

    Pending
    For Sale
    $794,999

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

    Lot size:
    0.06 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 42 Wakeman 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, Dining Room, Kitchen, Living Room
    Bedrooms
    8
    Bathrooms
    3
    Parking
    4
    Basement Y/N
    1
    Appliances
    Microwave, Oven - Gas, Range, Refrigerator
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Hot Water (Heating)

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Keller Williams Realty Village Square (201) 445-4300 [email protected]

    Listing agent ARIEL MOREL (201) 445-4300

    Listing date Nov 10, 2025

    MLS# 3987477 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

    Renovated Multifamily Home in Newark

    This renovated multifamily home is located in the desirable North Newark area. Units 1 and 2 feature three bedrooms and one full bathroom each. The third-floor bonus unit offers two bedrooms and one full bathroom. Washer and dryer hookups are available in Units 1 and 2. The property includes a full unfinished walkout basement with potential. A driveway at the back of the house provides parking for up to four cars. Units 1 and 2 are vacant. The property is located close to public transportation, parks, schools, and shopping. It is suitable as an investment property or for owner occupancy with rental income from the other units. The building features an open floor concept with stainless steel appliances in each unit. The lot size is 0.06 acres.
    Property Profile 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
    -74.16841
    Latitude
    40.76308

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    FAQs

    What type of property is this?
    Triplex - Renovated multifamily home in North Newark, close to amenities.
    Where is this triplex located?
    The property is located at 42 Wakeman Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $794,999.
    What are key features of this property?
    This property features: - Renovated multifamily home featuring an open floor concept and stainless steel appliances in each unit.; - Three units: Two units with three bedrooms and one bathroom each, plus a bonus unit with two bedrooms and one bathroom.; - Two units (Unit 1 and Unit 2) are vacant, allowing for immediate occupancy or rental.
    (201) 445-4300
    Request Owner's contact information
    42 Wakeman Ave Newark, NJ 07104
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    Newark, NJ 07104
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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
    42 Wakeman Ave Newark, NJ 07104
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