$4,571 Closing Credit¹
#3954106, Listing Office: UNITED REAL ESTATE
$595,000 List price
84 Mill St Unit 2 Newton Town, NJ 07860
$7,066
Closing credit¹
5 beds
3 full
0.9 acres
Multi-Family
Property details
About 84 Mill St Unit 2
Welcome to 84 Mill St in Newton, NJ! This recently renovated two-family home offers a fantastic opportunity for homeowners and investors alike. Located conveniently in town, it is close to schools, shopping, and essential services, providing easy access to everyday needs. The property generates an impressive $61,000. in annual gross rental income, making it an attractive investment. Each unit has been thoughtfully updated, and the home boasts a large private yard perfect for outdoor enjoyment. Ample multi-car parking adds to its convenience. Whether you're looking for a great investment property or a comfortable place to call home with rental income potential, this property checks all the boxes! Home back on the Market. Buyer could not perform. Excellent income with GOI at $61,200 per year. Estimated NOI at $48,900 = 8% Cap Rate. and 116.66 Gross Rent Multiplier.
Highlights
Home typeMulti Family
HeatingBaseboard, None
StatusActive
BasementYes
Lot size0.92 Acres
Year built1810
ParkingParking Lot-Shared, On Site
MLS #3937955
Summary
- MLS Number: 3937955
- Office Name: RE/MAX PLATINUM GROUP
- Office Phone: (973) 726-5700
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Last updated on: 4/10/2025, 10:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$595,000
84 Mill St Unit 2
$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
Merriam Avenue Elementary School
Public District PK-5
1.3 mi
•81 Merriam Ave
7
Florence M. Burd Elementary School
Public District PK-4
3.2 mi
•219 Newton Sparta Rd
8
Marian E. McKeown Elementary School
Public District PK-6
3.2 mi
•1 School Rd
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 $27,444. The most common annual income of people living in Newton Town, NJ is less than $<35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
60%
<35k
28%
35k-100k
11%
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?
53%
Single, No Kids
26%
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?
20%
<11 yrs old
11%
12-17 yrs old
23%
18-34 yrs old
34%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Motocross
Where do the neighbors shop?
Kmart
Family Dollar
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Oldsmobile
What do the neighbors listen to?
Oldies
New Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 84 Mill St Unit 2 in Newton Town, NJ and zip code 07860. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $595,000.
While more than 9 listings in Newton Town, NJ in March 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 3 were sold below. The number of listings in Newton Town, NJ increased by 18.6% between February and March 2025.
From Rocket Homes Real Estate and based on county public records data.