Date
Details
Price
Change
Source
4/21/2026
Listed
$650,000
—
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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1/20
$650,000 Just Listed
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Property Description
Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom?perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won?t want to miss!
Full Property Details
Full Property Details for 196 Sussex Ave
General
- Price: $650,000
- Taxes: $5,566 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4022177
- Updated: Today (4/21/2026)
- Added to Site: Today
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 7
Parking
- Garage Description: None
Location
- County: Essex
- Driving Directions: Google Maps
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: See Remarks
- Year Built: 1887
Unit Information
Unit 1
- Unit Description: Bedrooms, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Living/Dining Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Living/Dining Room
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 27 x 113.5
- Driveway/Sidewalk: None
Financial Considerations
- Assessment Amount: $118,000
- Land Assmt: $21,200
- Tax Amount: $5,566
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 2843
- Lot Number: 6
Listed by Keller Williams - Nj Metro Group
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Listing agent
— 196 Sussex Ave —
Keller Williams - Nj Metro Group
973-783-7400
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 196 Sussex Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 0.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.8 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.1 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.6 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.1 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.3 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.3 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1.3 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 196 Sussex Ave
Tax History
Tax History for 196 Sussex Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,294
2%
$139,200
—
2022
$5,201
—
$139,200
—
2021
$5,198
33%
$139,200
—
2021
$3,918
-24%
$139,200
—
2018
$5,141
-2%
$139,200
—
2019
$5,235
6%
$139,200
—
2017
$4,956
4%
$139,200
—
2016
$4,788
4%
$139,200
—
2015
$4,606
12%
$139,200
—
2013
$4,111
—
$139,200
—
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 196 Sussex Ave
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Listed by Prestige Executive Properties
196 Sussex Ave, Newark, NJ 07103 (MLS# 4022177) is a Multi-Family property with 3 units containing 7 bedrooms, 3 full bathrooms and 1 partial bathroom. 196 Sussex Ave is currently listed for $650,000 and was received on April 21, 2026. Want to learn more about 196 Sussex Ave? 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.