Date
Details
Price
Change
Source
2/25/2026
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Welcome to this spacious, recently renovated multi-family home located in the Lower Vailsburg area of Newark, situated on a 50x100 lot. This property presents an excellent opportunity for investors looking for a profitable investment, or for anyone who wishes to live in one unit while renting out the others for additional income.Unit 1 features 3 bedrooms and is available for rent at $2,150; it can potentially be delivered vacant. Unit 2 also has 3 bedrooms, is currently vacant, and was previously rented for $2,150. Unit 3 includes 2 bedrooms and is rented for $1,850, but will soon be vacant.THE PROPERTY BOASTS A NICE EXCLUSIVE DRIVEWAY.
Full Property Details
Full Property Details for 194-196 Smith St
General
- Price: $699,000
- Taxes: $6,146 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4011388
- Updated: 2/25/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Location
- County: Essex
- Driving Directions: off South Orange Ave, (Google Maps)
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: 3 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.: See Remarks
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Square Feet: 2,532
- Year Built: 1912
- Remodeled/Updated: 2024
Unit Information
Unit 1
- Unit Description: Bedrooms, Family Room, Kitchen
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Family Room, Kitchen
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen
- Square Feet: 9999
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: Driveway-Exclusive
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $134,300
- Land Assmt: $19,400
- Tax Amount: $6,146
- Tax Year: 2025
Disclosures and Reports
- Block: 4115
- Lot Number: 19
Listed by Keller Williams Mid-Town Direct
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Listing agent
— 194-196 Smith St —
Keller Williams Mid-Town Direct
848-354-3563
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 194-196 Smith St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 0.3 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 0.6 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.8 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.4 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 2.2 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 2.5 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106 | PK-8 | 0.9 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.7 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 194-196 Smith St
Tax History
Tax History for 194-196 Smith St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,845
2%
$153,700
—
2022
$5,742
—
$153,700
—
2021
$5,739
33%
$153,700
—
2021
$4,327
-25%
$153,700
—
2019
$5,781
2%
$153,700
—
2018
$5,676
4%
$153,700
—
2017
$5,472
3%
$153,700
—
2016
$5,287
4%
$153,700
—
2015
$5,086
12%
$153,700
—
2013
$4,539
—
$153,700
—
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 194-196 Smith St
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- Multi-Family
- Active
- Updated 10 days ago
- 8Total Beds
Listed by Exp Realty, Llc
- Multi-Family
- Active
- 8Total Beds
Listed by Keller Williams Mid-Town Direct
- Multi-Family
- Active
- 8Total Beds
Listed by Keller Williams Village Square
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- Single Family
- Active
- Updated 14 hours ago
- 3Beds
- 2Total Baths
- 3,278Sq. Ft.
Listed by Corcoran Infinity Properties
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- Single Family
- Active
- Updated 15 hours ago
- 4Beds
- 4Total Baths
Listed by Samuel "Sam" Burchill (973) 981-3840
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194-196 Smith St, Newark, NJ 07106 (MLS# 4011388) is a Multi-Family property with 3 units containing 8 bedrooms and 3 full bathrooms. 194-196 Smith St is currently listed for $699,000 and was received on February 25, 2026. Want to learn more about 194-196 Smith 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.