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    170 Oakland Ter, Unit 2 Newark, NJ 07106

    For Sale
    $700,000

    Two-unit home near Seton Hall, ideal for owner-occupants or investors.

    Lot size:
    0.07 Acres

    Property Features for 170 Oakland Ter

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1959

    Source: RE/MAX FIRST REALTY II Agent TANYA ELESIA EATMAN

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

    Overview

    Spacious Newark Two-Family Home

    Located in the Upper Vailsburg section of Newark, this two-family colonial home features five bedrooms and two bathrooms. Situated on a corner lot on a quiet street, the property is suitable for owner-occupants seeking rental income or investors looking to expand their portfolio. The first-floor unit includes two bedrooms, a full bathroom, a living room, a dining room, a kitchen, and a den. The second-floor unit offers a living room, a dining room, three bedrooms, a full bathroom, a kitchen, and a walk-up attic room currently used as a TV room. The property is conveniently located near Ivy Hill Park, Seton Hall University, shopping, and transportation to New York City. The property includes a solar system. The property is sold As-Is, and the buyer is responsible for Certificate of Continued Occupancy and smoke and city inspections required to close.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -74.2382171
    Latitude
    40.740002

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    FAQs

    What type of property is this?
    Duplex - Two-unit home near Seton Hall, ideal for owner-occupants or investors.
    Where is this duplex located?
    The property is located at 170 Oakland Ter, Unit 2 Newark, NJ.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Two-family home ideal for owner-occupants seeking rental income or investors.; - Five bedrooms and two full bathrooms across both units.; - Convenient location near Ivy Hill Park, Seton Hall University, shopping, and NYC transportation.
    (908) 664-1500
    Request Owner's contact information
    170 Oakland Ter, Unit 2 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
    170 Oakland Ter, Unit 2 Newark, NJ 07106
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