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$715,000
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Property Description
This property is now back on the Market. Welcome to this spacious and well-maintained two-family home located in Newark's desirable Weequahic neighborhood. This property presents an excellent opportunity for both Owner-occupants and investors alike. Why rent when you can own while building long-term value? The first unit features three generously sized bedrooms, a bright living room, a dining area, and a full bathroom. The second unit offers four bedrooms, a comfortable living room, and a full bathroom, providing flexible living arrangements or rental income potential. Both units offer bright and functional layouts designed for everyday comfort. The finished basement adds valuable bonus space and includes a full bathroom with walkout access, ideal for recreation, storage, or additional living flexibility. Outside, enjoy a spacious side yard and a driveway with parking for up to six vehicles. Whether you choose to live in one unit and rent the other or add it to your investment portfolio, this is a fantastic opportunity to own a versatile property in a convenient Newark location. Call and book a tour today
Full Property Details
Full Property Details for 17 Wolcott Terrace #2
General
- Price: $715,000
- Taxes: $8,401 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4037299
- Updated: 8/17/2026
- Added to Site: 54 day(s) ago
Interior
- Number of Rooms: 13
- Interior Features: Fire Extinguisher
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Exterior
- Exterior Features: Metal Fence, Storage Shed
Parking
- Garage Description: Carport-Detached
Location
- County: Essex
- Driving Directions: GPS: 17 Wolcott Ter, Newark, NJ 07112
School Information
- Elementary School: NEWTON
- Middle School: HAWTHORNE
- High School: TECHNOLOGY
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units, Baseboard - Hotwater
- Heating Fuel: Electric
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Gas In Street
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Walk-Out
- Roof: Asphalt Shingles
- Year Built: 1922
- Remodeled/Updated: 2025
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Kitchen, Laundry Room, Living Room, Utility Room
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 41.6 x 95.9
- Driveway/Sidewalk: Additional Parking
- Lot Description: Level Lot
Financial Considerations
- Expenses: Garbage Collection, Hot & Cold Water, Maintenance, Taxes
- Operating Expenses: $23,500
- Assessment Amount: $188,400
- Land Assmt: $21,700
- Tax Amount: $8,401
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 3621
- Lot Number: 44
Listed by Exp Realty, Llc
Get Pre-Approved Today
Schools
Schools serving 17 Wolcott Terrace #2
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112 | K-6 | 0.1 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.6 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 0.6 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 0.7 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.3 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.5 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.8 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 17 Wolcott Terrace #2
Date
Details
Price
Change
Source
6/26/2026
Listed
$715,000
32.41%
MLS
1/08/2025
Sold
$540,000
—
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 17 Wolcott Terrace #2
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,402
7%
$210,100
—
2023
$7,833
—
$210,100
—
2022
$7,849
—
$210,100
—
2021
$7,845
48%
$210,100
46%
2021
$5,285
-2%
$143,900
—
2019
$5,412
2%
$143,900
—
2018
$5,314
4%
$143,900
—
2017
$5,123
3%
$143,900
—
2016
$4,950
4%
$143,900
—
2015
$4,762
12%
$143,900
—
2013
$4,249
—
$143,900
—
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 17 Wolcott Terrace #2
17 Wolcott Ter #2, Newark, NJ 07112 (MLS# 4037299) is a Multi-Family property with 2 units containing 9 bedrooms and 3 full bathrooms. 17 Wolcott Ter #2 is currently listed for $715,000 and was received on June 26, 2026. Want to learn more about 17 Wolcott Ter #2? 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.

