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$550,000 Just Listed
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Property Description
Newly updated multifamily situated on a spacious 25x114 lot with a generous backyard in the heart of Newark, NJ. Perfect for the savvy investor seeking immediate cash flow or an owner-occupant looking to live in one unit while generating rental income from the other. Unit 1 is vacant and move-in ready, ideal for an owner-occupant or to immediately place a tenant for rental income. Unit 2 is currently tenant occupied, providing cash flow from day one. Strategically located just off Route 280 with seamless access to major highways and NJ Transit for a short commute to NYC. Minutes from Payne Tech High School and close proximity to shopping, dining, and local amenities. Whether you are house hacking, building your portfolio, or seeking turnkey cash flow, this property checks every box. Opportunities like this don't last. Schedule your showing today.
Full Property Details
Full Property Details for 173 3rd St
General
- Price: $550,000
- Taxes: $7,538 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4042172
- Updated: Today (7/21/2026)
- Added to Site: Today
Interior
- Number of Rooms: 11
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Location
- County: Essex
- Driving Directions: Orange St turn right on 3rd St drive up and property is on the right
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Year Built: 1910
- Remodeled/Updated: 2026
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 25 x 114.8
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $168,800
- Land Assmt: $19,700
- Tax Amount: $7,538
- Tax Year: 2025
Disclosures and Reports
- Block: 1911
- Lot Number: 50
Listed by Re/Max Professionals I
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Price & Sales History for 173 3rd St
Date
Details
Price
Change
Source
7/21/2026
Listed
$550,000
—
MLS
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 173 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,538
7%
$188,500
—
2023
$7,027
—
$188,500
—
2022
$7,042
—
$188,500
—
2021
$7,037
33%
$188,500
—
2021
$5,306
1%
$188,500
35%
2019
$5,262
2%
$139,900
—
2018
$5,167
4%
$139,900
—
2017
$4,980
3%
$139,900
—
2016
$4,813
4%
$139,900
—
2015
$4,629
7%
$139,900
—
2014
$4,338
—
$139,900
—
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 173 3rd St
173 3rd St, Newark, NJ 07107 (MLS# 4042172) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 173 3rd St is currently listed for $550,000 and was received on July 21, 2026. Want to learn more about 173 3rd 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.

