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$749,900
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Property Description
Exceptional new construction 2-family home built in 2022, ideally located in Newark's desirable North Ward, just off Broadway between Chester and Delavan Avenues near Belleville. An outstanding opportunity for both owner-occupants and investors, the 2nd-floor apartment is vacant and ready for occupancy, while the 1st-floor apartment is occupied by a quality tenant, providing immediate rental income to offset your mortgage.The vacant 2nd-floor apartment features a bright open-concept living and dining area, a beautifully appointed kitchen with stainless steel appliances, 2 spacious bedrooms, a full bath, ample closet space, and convenient pull-down attic storage.The 1st-floor apartment offers a similar open-concept layout with stainless steel appliances, 2 generously sized bedrooms, and a full bath. This apartment also enjoys exclusive access to the finished lower level, complete with a laundry area, 1/2 bath, direct exterior access, and an exceptionally finished built-in garage featuring attractive vinyl flooring, finished walls, and abundant lighting. This versatile space provides endless possibilities for storage, a workshop, home gym, hobby area, or additional rec space.Built with modern systems, contemporary finishes, and separate utilities, this low-maintenance property offers lasting value and exceptional versatility. Conveniently located near Branch Brook Park, shopping, restaurants, major highways, and public transportation with easy access to New York City.
Full Property Details
Full Property Details for 118 Oraton St
General
- Price: $749,900
- Taxes: $12,416 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4042354
- Updated: 7/22/2026
- Added to Site: 8 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Carbon Monoxide Detector, See Remarks, Smoke Detector, Tile Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: See Remarks
- Color: Red & Blue
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Built-In Garage, Garage Door Opener, Garage Parking
Location
- County: Essex
- Subdivision: North Ward
- Driving Directions: Garden State Pkwy Exit 148 to Broadway, left on Chester Ave, left on Oraton St. Property on left. See GPS for additional clarity.
School Information
- Elementary School: L M MARIN
- Middle School: L M MARIN
- High School: TECHNOLOGY
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning
- Heating Type: 2 Units, Forced Hot Air
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer, See Remarks
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story, See Remarks
- Exterior Const.: Brick, Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Walk-Out
- Roof: Asphalt Shingles
- Year Built: 2022
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Rec Room, Storage
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Attic, Bedrooms, Kitchen, Living/Dining Room, Rec Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.03
- Lot Dimensions: 24.6 x 50
- Driveway/Sidewalk: See Remarks
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $298,900
- Land Assmt: $11,600
- Tax Amount: $12,416
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Tenants Personal Belongings
- Disclosures: Yes
- Block: 678
- Lot Number: 81
Listed by Identity Properties
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Schools
Schools serving 118 Oraton St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104 | PK-4 | 0.2 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.6 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.1 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 0.9 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 1.4 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 2.9 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 2.7 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 2.8 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 Oraton St
Date
Details
Price
Change
Source
7/22/2026
Listed
$749,900
4.88%
MLS
8/22/2025
Sold
$715,000
—
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 118 Oraton St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,417
2774%
$310,500
—
2023
$432
—
$310,500
2577%
2022
$433
—
$11,600
—
2021
$433
32%
$11,600
—
2021
$327
-24%
$11,600
—
2018
$428
-2%
$11,600
—
2019
$436
9%
$11,600
—
2016
$399
4%
$11,600
—
2015
$384
12%
$11,600
—
2013
$343
—
$11,600
—
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 118 Oraton St
118 Oraton St, Newark, NJ 07104 (MLS# 4042354) is a Multi-Family property with 2 units containing 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 118 Oraton St is currently listed for $749,900 and was received on July 22, 2026. Want to learn more about 118 Oraton 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.

