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$699,999
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Property Description
Discover the possibilities with this spacious two-family home in Newark an excellent opportunity for both owner-occupants and investors. Live in one unit while generating rental income from the other, or add a versatile income-producing property to your portfolio. Featuring functional layouts, generous living space, and strong rental potential, this property offers flexibility for a variety of ownership strategies. Conveniently located near public transportation, major highways, shopping, dining, schools, parks, Downtown Newark, Newark Liberty International Airport, and direct access to NYC, it combines accessibility with long-term investment appeal. A compelling opportunity to own a multi-family property in one of Newark's active real estate markets.
Full Property Details
Full Property Details for 278 Wainwright St
General
- Price: $699,999
- Taxes: $13,492 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4055540
- Updated: 9/28/2026
- Added to Site: 8 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Exterior
- Color: White
Location
- County: Essex
- Driving Directions: I-78 to Exit 55/Lyons Ave. Follow Lyons Ave to Wainwright St. Turn onto Wainwright St and proceed to #278.
Heating & Cooling
- Cooling Type: 2 Units
- Heating Type: 2 Units
- Heating Fuel: Natural 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.: Full, Walk-Out
- Roof: Asphalt Shingles
- Year Built: 9999
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Attic, Bedrooms, Den, Eat-In Kitchen, Living Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.08
- Lot Dimensions: 33.9 x 100
- Driveway/Sidewalk: 1 Car Width
Financial Considerations
- Expenses: Hot & Cold Water, Insurance, See Remarks, Taxes
- Operating Expenses: $48,000
- Assessment Amount: $318,900
- Land Assmt: $18,500
- Tax Amount: $13,492
- Tax Year: 2025
Disclosures and Reports
- Block: 3734
- Lot Number: 67
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Schools
Schools serving 278 Wainwright St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Chancellor Avenue Elementary School, Newark, NJ 321 Chancellor Avenue, Newark, NJ 07112 | 3-8 | 0.2 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 1.1 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.3 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 0.2 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.7 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 2 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 2 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 2 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106 | PK-8 | 2.1 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 278 Wainwright St
Date
Details
Price
Change
Source
9/28/2026
Listed
$699,999
34.62%
MLS
5/19/2022
Sold
$520,000
—
Public Record
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 278 Wainwright St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,493
172%
$337,400
—
2022
$4,965
2%
$337,400
154%
2021
$4,877
33%
$132,900
—
2021
$3,656
-26%
$132,900
—
2018
$4,908
4%
$132,900
—
2017
$4,731
3%
$132,900
—
2016
$4,572
4%
$132,900
—
2015
$4,398
-12%
$132,900
—
2019
$4,998
21%
$132,900
—
2014
$4,121
—
$132,900
—
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 278 Wainwright St
278 Wainwright St, Newark, NJ 07112 (MLS# 4055540) is a Multi-Family property with 2 units containing 7 bedrooms and 3 full bathrooms. 278 Wainwright St is currently listed for $699,999 and was received on September 28, 2026. Want to learn more about 278 Wainwright 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.

