Money making multi family home in Newark! This legal multi family home features a very spacious attic which can be rented with unit 2 making these 6 bedrooms 2 bathrooms. Unit 1 features 3 bedrooms, 1 bathroom, kitchen and dining area. Unit 1 and Unit 2 have two separate entrance/exits. Attic unit has a separate entrance providing privacy and space. This home is very spacious and a money maker for sure! Basement has ample space which can be finished, currently used as storage but with lots of potential. House has been recently renovated and upgraded making this home move in ready for anyone looking to live in one unit and rent out the others or simply use as an investment property for a savvy investor looking to add another home to their portfolio. This home features a private driveway with a nice size backyard. Ample size bedrooms and a very spacious home providing lots of privacy and potential to finish the basement to add more potential rental income. Close to everything!
Sold for $700,000 on 05/02/24
$700,000
40-42 Treacy Ave, Newark, NJ 07108
9beds
--sqft
Multi Family
Built in ----
-- sqft lot
$768,800 Zestimate®
$--/sqft
$2,082 Estimated rent
Home value
$768,800
$700,000 - $846,000
$2,082/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 13, 2025 at 06:06pm
Listed by:
Rosa Gonzalez-Kennedy 908-347-8516,
Real
Bought with:
Milton Araujo
Keller Williams Realty - NJ Metro Group
Source: NJMLS,MLS#: 23037843
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: In Basement, Hook Ups
Property
Parking
- Total spaces: 4
Details
- Parcel number: 1402655000000045
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: See Remarks, Electricity Connected, Natural Gas Connected, Sep Heat
Community & neighborhood
Location
- Region: Newark
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2024 | Sold | $700,000+2.2% |
Source:  NJMLS #23037843 | ||
| 12/20/2023 | Price change | $685,000+9.6% |
Source:  GSMLS #3878849 | ||
| 11/14/2023 | Pending sale | $625,000 |
Source: NJMLS #23033051 | ||
| 10/18/2023 | Listed for sale | $625,000+83.8% |
Source: GSMLS #3870224 | ||
| 11/24/2020 | Sold | $340,000+4.6% |
Source: GSMLS #3663229 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,317 | $245,000 |
| 2024 | $9,317 +1.8% | $245,000 |
| 2023 | $9,153 +54.5% | $245,000 |
Find assessor info on the county website
Neighborhood: Upper Clinton Hill
Nearby schools
GreatSchools rating
- 3/10Avon Avenue SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Central High SchoolGrades: 9-12Distance: 0.6 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$768,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$768,800