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$510,000 Just Listed
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Property Description
Welcome to 50 Palm Street in Newark, New Jersey, a well-maintained two-family home located in the desirable Lower Vailsburg section. This property offers a great opportunity for owner-occupants or investors looking for rental income in a convenient location.Each unit features 2 spacious bedrooms and 1 full bathroom, with updated interiors, spacious closets with organizers, and comfortable living spaces filled with natural light. The kitchens include stainless steel appliances, and the home is equipped with a Nest thermostat for modern energy-efficient climate control.The layout provides functional living areas and well-sized bedrooms, making each unit both comfortable and practical.Conveniently located close to major highways, public transportation, shopping, restaurants, parks, and universities, with easy access to I-78 and the Garden State Parkway, making commuting to NYC and surrounding areas simple.Whether you?re looking to live in one unit and rent the other or add a solid property to your investment portfolio, this home offers great potential.
Full Property Details
Full Property Details for 50 Palm St
General
- Price: $510,000
- Taxes: $12,452 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4014606
- Updated: 3/15/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Carbon Monoxide Detector, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Metal Fence, Open Porch(es)
- Color: Blue
Location
- County: Essex
- Subdivision: Lower Valisburg
- Driving Directions: Maps
School Information
- Elementary School: LINCOLN
- Middle School: LINCOLN
- High School: WEST SIDE
Heating & Cooling
- Cooling Type: Central Air Conditioning, Multi-Zone Cooling
- Heating Type: Forced Hot Air, Multi-Zone
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1915
- Remodeled/Updated: 2020
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Porch
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Square Feet: 1000
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $295,100
- Land Assmt: $16,300
- Tax Amount: $12,452
- Tax Year: 2025
Disclosures and Reports
- Exclusions: All personal property -
- Block: 4199
- Lot Number: 101
Listed by Re/Max Select
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Schools
Schools serving 50 Palm St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 0.4 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.8 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 0.8 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.5 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 2.3 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 2.7 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106 | PK-8 | 1.1 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.8 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2 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 50 Palm St
Date
Details
Price
Change
Source
3/15/2026
Listed
$510,000
39.73%
MLS
12/30/2020
Sold
$365,000
—
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 50 Palm St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,843
2%
$311,400
—
2022
$11,634
205%
$311,400
—
2021
$3,809
-2%
$311,400
205%
2020
$3,876
1%
$102,000
—
2019
$3,836
2%
$102,000
—
2018
$3,767
4%
$102,000
—
2017
$3,631
3%
$102,000
—
2016
$3,509
4%
$102,000
—
2015
$3,375
12%
$102,000
—
2013
$3,012
—
$102,000
—
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 50 Palm St
50 Palm St, Newark, NJ 07106 (MLS# 4014606) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 50 Palm St is currently listed for $510,000 and was received on March 15, 2026. Want to learn more about 50 Palm 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.

