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    167 Goodwin Ave Newark, NJ 07112

    For Sale
    $499,000

    Two-unit property in Newark with separate utilities and income potential.

    Lot size:
    0.09 Acres

    Property Features for 167 Goodwin Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    9999

    Source: EXIT REALTY LUCKY ASSOCIATES Agent ANTONIO COSTA

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

    Overview

    Newark Duplex with Income Potential

    This two-unit property features a first-floor apartment with two bedrooms, a living room, a dining room, and a kitchen, with a mix of wood, ceramic, and vinyl flooring. The current rent for this unit is $1,080.00. The second-floor apartment also includes two bedrooms, a living room, a dining room, and a kitchen, with wood and ceramic floors. The current rent for this unit is $1,100.00. The property also has an attic with a full bath and two rooms, which are currently vacant. The basement is full and unfinished, with a utility room, laundry hook-ups, and storage space. The property is being sold in as-is condition, and the buyer is responsible for all city inspections and repairs. The property has separate utilities and steam gas heat.
    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
    -74.2137366
    Latitude
    40.7127983

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    FAQs

    What type of property is this?
    Duplex - Two-unit property in Newark with separate utilities and income potential.
    Where is this duplex located?
    The property is located at 167 Goodwin Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Two separate units offer income potential.; - Each unit includes 2 bedrooms, living room, dining room, and kitchen.; - Separate utilities for each unit (steam gas heat).
    (908) 289-7746
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    167 Goodwin Ave Newark, NJ 07112
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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
    167 Goodwin Ave Newark, NJ 07112
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