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    56 Vermont Ave Newark, NJ 07106

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    For Sale
    $950,000

    Well-maintained four-unit property in Vailsburg section of Newark.

    Lot size:
    0.11 Acres

    Property Features for 56 Vermont Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1927

    Source: PRESTIGE PROPERTY GROUP MONTCLAIR Agent HERI CALCANO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Unit Multifamily Property in Newark

    This is a fully detached four-family home located in the Vailsburg section of Newark. The well-maintained property features four spacious units, each equipped with separate utilities. The property includes a private driveway and a fenced yard, enhancing its curb appeal. Situated on a quiet residential block, the location provides convenient access to schools, shopping, transportation, and major highways. This property is suitable for investors seeking rental income or owner-occupants looking to house-hack.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -74.2213067
    Latitude
    40.7431904

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property in Vailsburg section of Newark.
    Where is this quadplex located?
    The property is located at 56 Vermont Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Fully detached 4-family home, ideal for investors or owner-occupants.; - Separate utilities for each unit.; - Strong rental income potential or house-hacking opportunity.
    (973) 860-7595
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    56 Vermont Ave Newark, NJ 07106
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    Newark, NJ 07106
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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
    56 Vermont Ave Newark, NJ 07106
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