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$550,000

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 6 days ago
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Welcome to the classic Weequahic Section. Unmatched investment potential awaits in this prime corner lot two-famly home situated just one block away from the iconic Beth Israel Medical Center. Offering a fantastic opportunity for investors or savvy own occupant buyers looking to customize, the property features a unique two-level upper unit layout with abundant space and natural light coming through oversized bay windows. While the home requires cosmetic updates and TLC throughout to really shine its absolute best, its functional footprint, private driveway, huge wrap around porch, desirable corner positioning, and unbeatable proximity to local healthcare facilities, highway access, downtown Newark locations present a solid canvas for transformation. Schedule an appointment, bring your vision, contractor, or design ideas to unlock the full equity and rental income potential of this promising multi-family asset. Ask about special attractive financing rates to take advantage for this neighborhood. Buyer responsible for any and all town requirements (smoke and CO).

Full Property Details for 197 Weequahic Ave #2

General

  • Price: $550,000
  • Taxes: $8,825 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4059048
  • Updated: 10/18/2026
  • Added to Site: 10 day(s) ago

Interior

  • Number of Rooms: 11
  • Interior Features: Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Curbs

Parking

  • Garage Description: None

Location

  • County: Essex
  • Subdivision: Weequahic
  • Driving Directions: Lyons Avenue to Maple or Clinton Place to Weequahic. One block to Beth Israel Hospital

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 2 Units
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Gas In Street

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 1897

Unit Information

Unit 1

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Kitchen, Living Room, Rec Room
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 58 x 105
  • Driveway/Sidewalk: Driveway-Exclusive, Off-Street Parking, On-Street Parking
  • Lot Description: Corner

Financial Considerations

  • Expenses: Cold Water, Insurance, Taxes
  • Operating Expenses: $12,375
  • Assessment Amount: $198,000
  • Land Assmt: $22,700
  • Tax Amount: $8,825
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 3714
  • Lot Number: 46

Listed by BHHS FOX & ROACH

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Listing agent

— 197 Weequahic Ave #2 —

  • BHHS FOX & ROACH

201-463-0958

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 Weequahic Ave #2

School District:Newark City School District
NameGradesDistance
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-80.6 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.9 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-61.8 mi
Weequahic High School
279 Chancellor Avenue, Newark, NJ 07112
9-120.3 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121.3 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121.8 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-82 mi
Ivy Hill Elementary School
107 Ivy Street, Newark, NJ 07106
PK-82.3 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-82.4 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 197 Weequahic Ave #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Listed
$550,000
121.77%
MLS
10/02/2019
Sold
$248,000
—
Public Record
Get Price Alerts and Save Property
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 for 197 Weequahic Ave #2

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,826
7%
$220,700
—
2022
$8,245
—
$220,700
—
2021
$8,241
-2%
$220,700
—
2020
$8,387
1%
$220,700
—
2019
$8,301
53%
$220,700
50%
2018
$5,440
4%
$147,300
—
2017
$5,244
3%
$147,300
—
2016
$5,067
4%
$147,300
—
2015
$4,874
12%
$147,300
—
2013
$4,350
—
$147,300
—
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 for 197 Weequahic Ave #2

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by BHHS FOX & ROACH

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197 Weequahic Ave #2, Newark, NJ 07112 (MLS# 4059048) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 197 Weequahic Ave #2 is currently listed for $550,000 and was received on October 14, 2026. Want to learn more about 197 Weequahic Ave #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.

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