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Two-Family Home with Finished Basement
For Sale
$715,000
Pending

17 Wolcott Ter 2, Newark, NJ 07112

Two units with 3- and 4-bed layouts plus a finished basement and driveway parking for up to six vehicles.

Property SizeContact for details
Days on Market41

Property Features for 17 Wolcott Ter 2

General Information

Standard status Pending
Total Parking Spaces 6
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,401

Building Details

Year Built 1922
Units 2
Tenancy Multi
Listing Agency: eXp Realty, LLC
Listed By: SHERLEY SANTIAGO
Source: Elliman
Added: Jul 2 Changed: Aug 8 Last Checked: Aug 10 at 7:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

Investment Insights

Based on property information with market context.

This spacious, well-maintained two-family home offers two separate living units with bright, functional layouts. The first unit features three bedrooms, a living room, a dining area, and a full bathroom. The second unit includes four bedrooms, a comfortable living room, and a full bathroom. A finished basement adds additional usable space and includes a full bathroom with walkout access.

The property totals nine bedrooms and three full bathrooms. Outside, there is a spacious side yard and a driveway providing parking for up to six vehicles. Located in Newark’s Weequahic neighborhood, the home is supported by walk and transit convenience, with a walkScore of 80 (Very Walkable) and a transitScore of 59 (Good Transit).

Key Highlights

  • Two‑family home built in 1922 in Newark’s Weequahic neighborhood
  • Two unit layouts: first unit has 3 bedrooms; second unit has 4 bedrooms
  • Total of nine bedrooms and three full bathrooms across both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Parking Lot & Garage Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,926
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two units with 3- and 4-bed layouts plus a finished basement and driveway parking for up to six vehicles.
Where is this duplex located?
The property is located at 17 Wolcott Ter 2 Newark, NJ.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two‑family home built in 1922 in Newark’s Weequahic neighborhood; Two unit layouts: first unit has 3 bedrooms; second unit has 4 bedrooms; Total of nine bedrooms and three full bathrooms across both units
More about this property
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