24-26 Willoughby Street, Newark, NJ 07112 - Photo 1

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$949,000

For Sale
Under Contract
Multi-Family
21 Total Beds

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Property Description

Beautiful 4-Family Investment Opportunity in the Weequahic section of Newark! Discover this expansive side-by-side 4-family home, offering an exceptional investment opportunity in the desirable Weequahic section of Newark. Each of the 4 main units features 3 bedrooms and 1 bathroom, a large kitchen and a family room, all tastefully renovated in 2021 with newer roof, siding, and windows. The property also boasts two bonus units on the 3rd floor, each equipped with a kitchenette and full bathroom, plus a spacious basement with 7 additional rooms and 2 bathrooms, providing excellent flexibility for various uses. The property has abundant space in each unit with large bedrooms, high ceilings, large kitchens and generous sized living rooms. With a total of 21 bedrooms and 8 bathrooms across 6,952 square feet on a 50 x 100 lot, this property offers incredible versatility perfect for use as a short-term rental operation, or as a traditional multi-family investment with added income potential. Additional highlights include a backyard, proximity to transportation, shopping, dining, and schools, and the potential for strong rental returns in a high-demand area. Don't miss this rare opportunity to own a turnkey multi-family property with endless possibilities!

Full Property Details

Full Property Details for 24-26 Willoughby St

General

Price: $949,000
Taxes: $10,709
Status: Under Contract
Type: Multi-Family
Source: NJMLS
MLS ID: 25031721
Updated: 9/29/2025
Added to Site: 134 day(s) ago

Interior

Number of Rooms: 29

Rooms

Bathrooms

Total Bathrooms: 8
Full Bathrooms: 8

Bedrooms

Total Bedrooms: 21

Other Rooms

Laundry: Basement

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Other (See Remarks), Sep Elec, Sep Gas

Structural Information

Architectural Style: 4 Family

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $10,709

Listed by RE/MAX First Realty II (908) 664-1500, James Dellomo (908) 323-0796

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Listing agent

— 24-26 Willoughby St —

James Dellomo

RE/MAX First Realty II

908-323-0796

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NMLS#: 1598647

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Schools

Schools serving 24-26 Willoughby St

School District:Newark City School District

Name	Grades	Distance
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112	PK-8	0.1 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	0.3 mi
Chancellor Avenue Elementary School, Newark, NJ 321 Chancellor Avenue, Newark, NJ 07112	3-8	0.4 mi
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112	K-8	0.6 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	0.8 mi
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	1.4 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	1.6 mi
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106	PK-8	2 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	2.1 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 24-26 Willoughby St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/05/2025

Listed

$949,000

47.13%

MLS

7/20/2021

Sold

$645,000

—

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 24-26 Willoughby St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$10,709

$281,600

—

2022

$10,521

$281,600

—

2021

$10,468

32%

$281,600

—

2021

$7,904

-25%

$281,600

—

2019

$10,591

$281,600

—

2018

$10,399

$281,600

—

2017

$10,025

$281,600

—

2016

$9,687

$281,600

—

2015

$9,318

12%

$281,600

—

2013

$8,316

—

$281,600

—

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 24-26 Willoughby St

24-26 Willoughby Street, Newark, NJ 07112 (MLS# 25031721) is a Multi-Family property with units containing 21 bedrooms and 8 full bathrooms. 24-26 Willoughby Street is currently listed for $949,000 and was received on September 05, 2025. Want to learn more about 24-26 Willoughby Street? 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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24-26 Willoughby St Newark, NJ 07112