162 S 11th St Newark City, NJ 07107
Property details
About 162 S 11th St
Newly Back on Market! Exceptional Investment Opportunity in NewarkJust 15 minutes from the Prudential Center and conveniently located near public transportation, this two-family home offers unbeatable potential. Whether you're a seasoned investor or new to real estate, this property provides substantial returns with over $60,000 in annual rental income and a lucrative bonus unit.Property Highlights:Brand New Roof with a 10-year warranty for peace of mindThree Spacious Units:4-bed/1-bath- vacant4-bed/2-bath- tenant2-bed/1-bath- bonus spacePrime Location just minutes from transportation, shopping, dining, and entertainmentLaundry Facilities on-site for tenant convenienceStrong Rental History with steady cash flowGreat Location close to Newark?s thriving business district and cultural landmarksWith its ideal layout and high-demand location, this property offers impressive returns for investors looking to capitalize on a growing market. Whether you're seeking to expand your portfolio or enter the world of real estate investing, this home provides both value and versatility. Don?t miss out on this rare opportunity to secure a prime piece of Newark real estate.
Highlights
(Under Contract)
Summary
- MLS Number: 3924976
- Office Name: KELLER WILLIAMS HUDSON VALLEY
- Office Phone: (845) 639-0300
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Last updated on: 3/13/2025, 9:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$595,000
162 S 11th St
$7,066
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Roseville Community Charter School
Public Charter KG-4
0.4 mi
•540 Orange St
5
Dionne Warwick Institute
Public District PK-5
0.6 mi
•120 Central Ave
3
Mildred Barry Garvin Elementary School
Public District 3-5
0.8 mi
•1 Grove Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,991. Residents of Newark City, NJ typically earn less than $<35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Boston Market
What do the neighbors drive?
Dodge
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Frequently asked questions
About 162 S 11th St
This home is located at 162 S 11th St in Newark City, NJ and zip code 07107 in the West Ward neighborhood. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $595,000.
In February 2025 in Newark City, NJ there were 18.4% more homes for sale than in January. While the average time on the market in February 2025 was 100 days, the median list price was $495,000.