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$659,248
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Property Description
Turnkey Newark three-family with the setup investors want: separate electric meters and three individual gas heating systems. This classic brick bay-front walk-up offers 8 bedrooms and 3 baths across three renovated units 2BR on the first floor, 3BR on the second and third. Each unit features a refreshed white kitchen with granite-style counters, glass tile backsplash, and gas range, plus new flooring, fresh paint, and baseboard heat. Charming details and bay windows. Steps to schools, shopping, houses of worship, and NYC-bound buses and trains.
Full Property Details
Full Property Details for 120 Rose Terrace
General
- Price: $659,248
- Taxes: $5,930 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4044051
- Updated: 7/31/2026
- Added to Site: 8 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Location
- County: Essex
- Driving Directions: From Garden State Pkwy Exit 144, follow I-78 E to Elizabeth Ave. Turn onto Rose Terrace. Property at 120 Rose Terrace is on the left.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Brick, Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1929
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Dimensions: 29.10 x 50.1
- Driveway/Sidewalk: None
Financial Considerations
- Assessment Amount: $129,500
- Land Assmt: $18,800
- Tax Amount: $5,930
- Tax Year: 2025
Disclosures and Reports
- Block: 2629
- Lot Number: 66
Listed by The Real Estate Company
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Schools
Schools serving 120 Rose Terrace
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Avon Avenue School 219 Avon Avenue, Newark, NJ 07108 | 7-8 | 0.3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.6 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.7 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.6 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 0.8 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.1 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.8 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.1 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 1.1 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 120 Rose Terrace
Date
Details
Price
Change
Source
7/31/2026
Listed
$659,248
7.19%
MLS
11/28/2023
Sold
$615,000
—
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 120 Rose Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,931
7%
$148,300
—
2022
$5,540
—
$148,300
—
2021
$5,538
-2%
$148,300
—
2020
$5,635
1%
$148,300
—
2019
$5,578
2%
$148,300
—
2018
$5,477
4%
$148,300
—
2017
$5,279
3%
$148,300
—
2016
$5,102
4%
$148,300
—
2015
$4,907
12%
$148,300
—
2013
$4,379
—
$148,300
—
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 120 Rose Terrace
120 Rose Terrace, Newark, NJ 07108 (MLS# 4044051) is a Multi-Family property with 3 units containing 8 bedrooms and 3 full bathrooms. 120 Rose Terrace is currently listed for $659,248 and was received on July 31, 2026. Want to learn more about 120 Rose Terrace? 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.

