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$789,999

For Sale
Active
Multi-Family
9 Total Beds
2 Car Garage

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Property Description

This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."

Full Property Details

Full Property Details for 232 2nd St

General

Price: $789,999
Taxes: $10,529 (2025)
Status: Active
Type: Multi-Family
Source: Garden_State
MLS ID: 4023520
Updated: 4/30/2026
Added to Site: 58 day(s) ago

Interior

Number of Rooms: 17
Interior Features: Carbon Monoxide Detector, Smoke Detector, Wood Floors

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 9

Exterior

Exterior Features: Metal Fence, Open Porch(es)

Parking

Garage: Yes
Garage Spaces: 2
Garage Description: Detached Garage

Location

County: Essex
Driving Directions: ROUTE. 280 E, TO 1ST STREET. EXIT. TURN LEFT AT 1ST LIGHT. PASS NEXT LIGHT AND ONE BLOCK. ROAD VEERS LEFT TO 2ND STREET.

Heating & Cooling

Cooling Type: 1 Unit
Heating Type: 3 Units
Heating Fuel: Natural Gas
Water Heater: 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.: Unfinished
Roof: Asphalt Shingles
Year Built: 1900

Unit Information

Unit 1

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

Unit 2

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

Unit 3

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

Lot Features

Lot Size (Acres): 0.09
Lot Dimensions: 37.50 x 100
Driveway/Sidewalk: 1 Car Width
Zoning: Residential
Lot Description: Level Lot

Financial Considerations

Expenses: Cold Water, Insurance, Maintenance, Taxes
Assessment Amount: $243,000
Land Assmt: $20,300
Tax Amount: $10,529
Tax Year: 2025

Disclosures and Reports

Exclusions: Washer and Dryer on 1st. floor.
Block: 1911.01
Lot Number: 25.01

Listed by Village Square Realtors

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— 232 2nd St —

Village Square Realtors

973-509-2222

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NMLS#: 1598647

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Schools

Schools serving 232 2nd St

School District:Newark City School District

Name	Grades	Distance
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104	K-4	0.1 mi
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107	5-8	0.9 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1 mi
Barringer High School 90 Parker Street, Newark, NJ 07104	9-12	0.3 mi
Technology High School 223 Broadway, Newark, NJ 07102	9-12	0.9 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	1.2 mi
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104	PK-4	1.1 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.4 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1.7 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 232 2nd St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/27/2026

Listed

$789,999

113.23%

MLS

9/20/2011

Sold

$370,500

—

Public Record

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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 232 2nd St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$10,013

$263,300

—

2022

$9,837

$263,300

—

2021

$9,787

—

$263,300

—

2021

$9,787

33%

$262,100

—

2021

$7,378

-24%

$262,100

—

2018

$9,679

$262,100

—

2017

$9,331

$262,100

—

2016

$9,016

$262,100

—

2015

$8,673

-12%

$262,100

—

2019

$9,858

27%

$262,100

—

2013

$7,740

—

$262,100

—

View All

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 232 2nd St

232 2nd St, Newark, NJ 07107 (MLS# 4023520) is a Multi-Family property with 3 units containing 9 bedrooms and 3 full bathrooms. 232 2nd St is currently listed for $789,999 and was received on April 27, 2026. Want to learn more about 232 2nd 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.

Tour this property

232 2nd St Newark, NJ 07107

Full Property Details for 232 2nd St

General

Interior

Rooms

Bathrooms

Bedrooms

Exterior

Parking

Location

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Unit 3

Lot Features

Financial Considerations

Disclosures and Reports

Quickly Find Out More

Quickly Find Out More

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Schools serving 232 2nd St

Price & Sales History for 232 2nd St Get Price Alerts and Save Property

Tax History for 232 2nd St

Estimate the Cost for 232 2nd St

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