Three-Family Property with Semi-Finished
For Sale
$650,000
196 Sussex Ave, Newark, NJ 07103
MULTI_FAMILY - Newark City, NJ
Property SizeContact for details
Lot Size0.07 Acres
Days on Market114
Property Features for 196 Sussex Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 1, Basement, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Directions
Google Maps
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
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1887
Number of units
3
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP · Keller Williams Realty
(973) 783-7400
Listed By:
BRENDAN DASILVA · License #1753996
(973) 783-7400
Added: Apr 21
Changed: Aug 1
Last Checked: Aug 12 at 12:06PM
MLS# 4022177
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 property with three separate units. The home includes a semi-finished basement with a bathroom, offering additional living space, storage, or potential expansion. One of the units is currently vacant, which can support an owner-occupant scenario while the other units provide rental income.
Built in 1887, the property is served by public water and public sewer. Heating is provided by hot water heating and baseboard.
The interior layout includes multiple bedrooms and bathrooms across the units, along with the basement space, supporting flexible live-in and rental use for a three-family buyer.
Built in 1887, the property is served by public water and public sewer. Heating is provided by hot water heating and baseboard.
The interior layout includes multiple bedrooms and bathrooms across the units, along with the basement space, supporting flexible live-in and rental use for a three-family buyer.
Key Highlights
- Three separate units in a three‑family property
- Semi‑finished basement with a bathroom
- One unit currently vacant
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family building on public water and public sewer, built in 1887, with a semi-finished basement and one unit vacant.
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: Three separate units in a three‑family property; Semi‑finished basement with a bathroom; One unit currently vacant
