Date
Details
Price
Change
Source
5/29/2026
Listed
$549,999
—
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
Renovated two-family home in Newark featuring two units, each with 3 bedrooms and 1 bath. Property includes a detached garage in the backyard, 1-car width driveway, spacious backyard, and enclosed front porch. Conveniently located near public transportation, major highways, shopping, and schools. Ideal for investors or owner-occupants seeking strong rental potential and easy NYC access.
Full Property Details
Full Property Details for 240-242 Sunset Ave
General
- Price: $549,999
- Taxes: $7,798 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4030972
- Updated: 6/1/2026
- Added to Site: 10 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: CENTRAL AVE TO S. ORANGE AVE TO SUNSET AVE. Use GPS
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Gas In Street
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles
- Year Built: 1922
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.08
- Lot Dimensions: 33 x 100
- Driveway/Sidewalk: 1 Car Width, Off-Street Parking
Financial Considerations
- Assessment Amount: $174,400
- Land Assmt: $20,600
- Tax Amount: $7,798
- Tax Year: 2025
Disclosures and Reports
- Block: 4050
- Lot Number: 34
Listed by Re/Max Professionals I
We Value Your Privacy
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Listing agent
— 240-242 Sunset Ave —
Re/Max Professionals I
973-450-4000
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 240-242 Sunset Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 0.5 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 0.5 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, 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 | 1.9 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 2 mi |
Speedway Academies 701 South Orange Avenue, 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 | 1.7 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 240-242 Sunset Ave
Tax History
Tax History for 240-242 Sunset Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,416
2%
$195,000
—
2023
$7,270
13%
$195,000
—
2022
$6,441
—
$195,000
13%
2021
$6,437
53%
$172,400
65%
2021
$4,211
7%
$104,800
—
2019
$3,942
2%
$104,800
—
2018
$3,870
4%
$104,800
—
2017
$3,731
3%
$104,800
—
2016
$3,605
4%
$104,800
—
2015
$3,468
12%
$104,800
—
2013
$3,095
—
$104,800
—
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 240-242 Sunset Ave
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240-242 Sunset Ave, Newark, NJ 07106 (MLS# 4030972) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 240-242 Sunset Ave is currently listed for $549,999 and was received on May 29, 2026. Want to learn more about 240-242 Sunset 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.