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$499,900
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Property Description
Well-maintained two-family home offering strong income potential and comfortable living. This property features vinyl siding, forced hot air heating, and a newer furnace and hot water tank for added efficiency. Each unit provides functional living space, while the fully finished basement with walk-out access adds valuable bonus space ideal for extended living or recreation (subject to local approvals). Conveniently located near major transportation, shopping, and local amenities, this is a great opportunity for owner-occupants or investors alike.
Full Property Details
Full Property Details for 31 Homestead Park
General
- Price: $499,900
- Taxes: $7,431 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4001970
- Updated: 12/19/2025
- Added to Site: 36 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Parking
- Garage Description: On-Street Parking
Location
- County: Essex
- Driving Directions: Hawthorne Ave to Homestead Park
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Gas In Street
Structural Information
- Architectural Style: Duplex-Side by Side
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Walk-Out
- Roof: Asphalt Shingles
- Square Feet: 2,838
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 25 x 120.8 AVG.
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $161,500
- Land Assmt: $33,900
- Tax Amount: $7,431
- Tax Year: 2024
Disclosures and Reports
- Block: 3044
- Lot Number: 10
Listed by Vylla Home
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Schools
Schools serving 31 Homestead Park
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112 | K-6 | 0.1 mi |
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112 | PK-8 | 0.5 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 0.7 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.7 mi |
Chancellor Avenue Elementary School, Newark, NJ 321 Chancellor Avenue, Newark, NJ 07112 | 3-8 | 0.8 mi |
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103 | K-4 | 1 mi |
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108 | PK-8 | 1.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.7 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 1.8 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 31 Homestead Park
Date
Details
Price
Change
Source
12/12/2025
Listed
$499,900
97.83%
MLS
7/14/2020
Sold
$252,696
—
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 31 Homestead Park
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,431
2%
$195,400
—
2023
$7,285
—
$195,400
—
2022
$7,300
—
$195,400
—
2021
$7,296
40%
$195,400
18%
2021
$5,216
-16%
$165,400
—
2019
$6,221
2%
$165,400
—
2018
$6,108
4%
$165,400
—
2017
$5,888
3%
$165,400
—
2016
$5,690
4%
$165,400
—
2015
$5,473
12%
$165,400
—
2013
$4,884
—
$165,400
—
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 31 Homestead Park
31 Homestead Park, Newark, NJ 07108 (MLS# 4001970) is a Multi-Family property with 2 units containing 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 31 Homestead Park is currently listed for $499,900 and was received on December 12, 2025. Want to learn more about 31 Homestead Park? 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.

