Three-Unit Residential Income
196 Sussex Ave Newark, NJ 07103
196 Sussex Ave, Newark, NJ, 07103
$650,000
For Sale
$650,000
MULTI_FAMILY - Newark City, NJ
Lot Size0.07 Acres
Days on Market88
Property Features for 196 Sussex Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Basement
- Standard status
- Active
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5566
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1887
- Number of units
- 3
Listing Agency
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
237 LORRAINE AVE, Montclair, NJ
Listed by
BRENDAN DASILVA · License #1753996
(973) 783-7400
Added: Apr 21 Checked: Jul 17 at 12:06 am
MLS# 4022177
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
196 Sussex Ave is a well-maintained three-family residential income property. The building is configured with three separate units, supporting multiple rental arrangements or owner-occupancy. In addition, there is a semi-finished basement that includes a bathroom, which can serve as extra living space or storage depending on how the property is managed.
The second unit is currently vacant, creating flexibility for an owner-occupant who wants to live in one unit while renting the others. The property is located in Newark City, Essex County, and the public remarks note convenient access to major transportation, schools, and local amenities.
This setup can fit a range of buyers, including investors looking to add a multi-unit asset and owner-occupants seeking an immediate path to occupancy with rental income from other units. With three units and a basement bathroom for additional utility, the property offers practical options for how space can be used once the vacant unit is ready for leasing or move-in.
The second unit is currently vacant, creating flexibility for an owner-occupant who wants to live in one unit while renting the others. The property is located in Newark City, Essex County, and the public remarks note convenient access to major transportation, schools, and local amenities.
This setup can fit a range of buyers, including investors looking to add a multi-unit asset and owner-occupants seeking an immediate path to occupancy with rental income from other units. With three units and a basement bathroom for additional utility, the property offers practical options for how space can be used once the vacant unit is ready for leasing or move-in.
Key Highlights
- 3‑family property at 196 Sussex Ave with three separate units in Newark
- Semi‑finished basement includes a bathroom for added living space, storage, or potential expansion
- Second unit is currently vacant, offering immediate availability for an owner‑occupant or investor
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with a semi-finished basement and a currently vacant unit for flexible occupancy.
Where is this triplex located?
The property is located at 196 Sussex Ave Newark, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3‑family property at 196 Sussex Ave with three separate units in Newark; Semi‑finished basement includes a bathroom for added living space, storage, or potential expansion; Second unit is currently vacant, offering immediate availability for an owner‑occupant or investor
