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$649,900

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
See This Home
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Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!

Full Property Details for 53 Rose Terrace

General

  • Price: $649,900
  • Taxes: $6,582 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3988801
  • Updated: 12/4/2025
  • Added to Site: 114 day(s) ago

Interior

  • Number of Rooms: 13
  • Interior Features: Carbon Monoxide Detector, Smoke Detector

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Garage Description: On-Street Parking

Location

  • County: Essex
  • Driving Directions: Between Chadwick Ave and Treacy Ave

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 3 Units, Baseboard - Hotwater
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground, Electric, Natural Gas

Structural Information

  • Architectural Style: Triplex, Under/Over
  • Exterior Const.: Aluminum Siding, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished-Partially
  • Roof: Asphalt Shingles
  • Year Built: 1930
  • Remodeled/Updated: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 1200
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 1200
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 800
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Dimensions: 31 x 113.7
  • Driveway/Sidewalk: On-Street Parking

Financial Considerations

  • Assessment Amount: $146,400
  • Land Assmt: $26,700
  • Tax Amount: $6,582
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: Personal Items,
  • Block: 2624
  • Lot Number: 26

Listed by Redfin Corporation

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Listing agent

— 53 Rose Terrace —

  • Redfin Corporation

609-216-7035

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 53 Rose Terrace

School District:Newark City School District
NameGradesDistance
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.7 mi
Louise A. Spencer Elementary School
66 Muhammad Ali Avenue, Newark, NJ 07108
PK-80.7 mi
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-40.7 mi
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-60.8 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-81 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.1 mi
George Washington Carver Elementary School
333 Clinton Place, Newark, NJ 07112
PK-81.2 mi
Chancellor Avenue Elementary School, Newark, NJ
321 Chancellor Avenue, Newark, NJ 07112
3-81.5 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-81.5 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 53 Rose Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/24/2025
Listed
$649,900
4.82%
MLS
9/04/2024
Sold
$620,000
—
Public Record
Get Price Alerts and Save Property
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 for 53 Rose Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,583
2%
$173,100
—
2023
$6,453
—
$173,100
—
2022
$6,467
—
$173,100
—
2021
$6,464
-2%
$173,100
—
2020
$6,578
1%
$173,100
—
2019
$6,510
2%
$173,100
—
2018
$6,393
4%
$173,100
—
2017
$6,162
3%
$173,100
—
2016
$5,955
4%
$173,100
—
2015
$5,728
12%
$173,100
—
2013
$5,112
—
$173,100
—
View All
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 for 53 Rose Terrace

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Redfin Corporation

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53 Rose Ter, Newark, NJ 07108 (MLS# 3988801) is a Multi-Family property with 3 units containing 8 bedrooms and 4 full bathrooms. 53 Rose Ter is currently listed for $649,900 and was received on September 24, 2025. Want to learn more about 53 Rose Ter? 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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