This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
134 Palm St, Newark, NJ 07106
$650,000
134 Palm St, Newark, NJ 07106View this property at 134 Palm St, Newark, NJ 07106
134 Palm StNewarkNJ07106
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
Property Description
You now have an unbelievable chance to become the owner of this two-unit multi-family property! Spacious bedrooms, large living rooms and $4,000/month in rental income are just a few of the highlights. When you walk into each unit you are greeted with a large living room area. Couple steps down and you walk into your open concept kitchen and dining room area. Down the hall you will walk past two generously sized bedrooms to enter the large master bedroom with an accompanying master bathroom. Not to mention this property is currently generating $4,000/month in rental income from just one of the units! While still having room for an owner-occupant to move into the renovated second floor unit. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 15 minutes from Newark Penn Station. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.
Full Property Details
Full Property Details for 134 Palm St
General
- Price: $650,000
- Taxes: $8,115 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 3901411
- Updated: 5/15/2024
- Added to Site: 19 day(s) ago
Interior
- Number of Rooms: 18
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 7
Location
- County: Essex
- Driving Directions: Google Maps
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: 2 Units
- Heating Fuel: Electric
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt Shingles
- Square Feet: 2,558
- Year Built: 2003
Unit Information
Unit 1
- Unit Description: Dining Room, Kitchen, Living Room, Living/Dining Room, Master Bedroom, Storage
- Square Feet: 2000
- Levels/Stories: 1
- Total Bathrooms: 3
- Bedrooms: 4
Unit 2
- Unit Description: Dining Room, Kitchen, Living Room, Living/Dining Room, Master Bedroom
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: 1 Car Width
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $201,400
- Land Assmt: $16,300
- Tax Amount: $8,115
- Tax Year: 2023
Disclosures and Reports
- Block: 4199
- Lot Number: 143
Listed by Signature Realty Nj
Get Pre-Approved Today
Schools
Schools serving 134 Palm St
School District:Newark Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
87 Richelieu Ter, Newark, NJ 07106 | PK-8 | 0.6 mi | |
701 South Orange Ave, Newark, NJ 07106 | K-8 | 0.8 mi | |
107 Ivy St, Newark, NJ 07106 | PK-8 | 1 mi | |
Newark School Of Data Science & Information Technology
746 Sanford Ave, Newark, NJ 07106 | 9-10 | 1.1 mi | |
Newark School Of Global Studies
24 Crane St, Newark, NJ 07104 | 9-11 | 3 mi | |
Newark School Of Fashion & Design
239 Woodside Ave, Newark, NJ 07104 | 9-10 | 3.7 mi | |
142 Mount Vernon Pl, Newark, NJ 07106 | PK-8 | 1.2 mi | |
619 S 17th St, Newark, NJ 07103 | K-8 | 1.5 mi | |
359 13th Ave, Newark, NJ 07103 | PK-8 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 134 Palm St
Date
Details
Price
Change
Source
5/13/2024
Listed
$650,000
134.66%
MLS
4/30/2003
Sold
$277,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 134 Palm St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$8,133
—
$217,700
—
2021
$8,129
33%
$217,700
—
2021
$6,128
-24%
$217,700
—
2018
$8,040
4%
$217,700
—
2017
$7,750
3%
$217,700
—
2016
$7,489
4%
$217,700
—
2015
$7,204
-12%
$217,700
—
2019
$8,188
27%
$217,700
—
2013
$6,429
—
$217,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 134 Palm St
134 Palm St, Newark, NJ 07106 (MLS# 3901411) is a Multi-Family property with 2 units containing 7 bedrooms and 5 full bathrooms. 134 Palm St is currently listed for $650,000 and was received on May 13, 2024. Want to learn more about 134 Palm St? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.