$8,538 Closing Credit¹
#25004725, Theresa Venezia, Listing Office: Prominent Properties Sothebys International Realty-Montclair
$725,000 List price
38 11th Ave Newark City, NJ 07107
$8,609
Closing credit¹
9 beds
4 full
0.04 acres
Multi-Family
Property details
About 38 11th Ave
Great Investment Opportunity! This fully leased, income-producing 3-family home is located in a desirable Newark neighborhood and was completely updated and renovated just 5 years ago. Well maintained and fully occupied with reliable tenants, this property offers strong rental income and long-term potential. The first floor features a spacious 4-bedroom, 2-bathroom unit, while the second floor is split into two well-laid-out units one with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath. Each unit has been modernized with quality finishes and thoughtful updates throughout. All utilities separate. A turnkey property with immediate cash flow in a prime location close to transportation, schools, shopping, and more. This is a must-see for any serious investor!
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.04 Acres
Year built1965
ParkingOn-Street Parking
MLS #3955950
Summary
- MLS Number: 3955950
- Office Name: EXCLUSIVE PROPERTIES REALTY LLC
- Office Phone: (201) 796-7777
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Last updated on: 4/12/2025, 6:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$725,000
38 11th Ave
$8,609
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
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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
0.6 mi
•540 Orange St
5
Sir Isaac Newton Elementary School
Public District PK-1
0.6 mi
•150 Newton St
5
Dionne Warwick Institute
Public District PK-5
0.8 mi
•120 Central Ave
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 $33,981. Most Newark City, NJ residents have annual incomes less than $<35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
52%
<35k
30%
35k-100k
17%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
37%
Single, with Kids
9%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
12%
12-17 yrs old
29%
18-34 yrs old
34%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 38 11th Ave in Newark City, NJ and zip code 07107 in the West Ward neighborhood. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $725,000.
Between February and March 2025, Newark City, NJ real estate market has seen increase in the number of listings by 25.1%. In March 2025 median list price was $489,068 and the average listing age was 95 days.
From Rocket Homes Real Estate and based on county public records data.