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$199,000 Just Listed
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Property Description
**INVESTOR OPPORTUNITY!** Bring your vision to this total-rehab property located in Newark?s Lower Vailsburg section. Featuring 3 bedrooms, 1 bathroom, a formal dining room, living room, and bonus attic room, this property offers plenty of potential for the right investor.Property is being sold strictly **AS-IS** and requires a full renovation. Seller will make absolutely no repairs or improvements and makes no representations or warranties regarding the condition of the property, its systems, or improvements. Buyer is responsible for conducting all desired due diligence.**PLEASE BE ADVISED:** No unauthorized showings or entry onto the premises. Do not enter, inspect, walk, or otherwise access the property without prior consent and a confirmed appointment.
Full Property Details
Full Property Details for 55 Commonwealth Ave
General
- Price: $199,000
- Taxes: $5,146 (2025)
- Status: Active
- Type: Single Family
- Source: Garden_State
- MLS ID: 4057229
- Updated: Today (10/6/2026)
- Added to Site: Today
Interior
- Number of Rooms: 8
- Number of Fireplaces: 1
- Fireplace(s): See Remarks
- Appliances: See Remarks
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Kitchen: Eat-In Kitchen
Exterior
- Exterior Features: Metal Fence
Location
- County: Essex
- Driving Directions: Sanford Ave to Commonwealth Ave
School Information
- Elementary School: LINCOLN
- Middle School: LINCOLN
- High School: SCIENCE
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Baseboard - Hotwater, Radiant - Hot Water
- Heating Fuel: Oil Tank Above Ground - Inside
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: Colonial, Fixer Upper, Colonial
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1924
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $128,700
- Land Assmt: $23,800
- Tax Amount: $5,146
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Disclosures: Yes
- APN: 1614-04103-0000-00036-0000-
- Block: 4103
- Lot Number: 36
Listed by Compass New Jersey Llc
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Price & Sales History for 55 Commonwealth Ave
Date
Details
Price
Change
Source
10/06/2026
Listed
$199,000
—
MLS
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 55 Commonwealth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,147
7%
$128,700
—
2023
$4,798
—
$128,700
—
2022
$4,808
—
$128,700
—
2021
$4,806
33%
$128,700
—
2021
$3,623
-24%
$128,700
—
2018
$4,753
4%
$128,700
—
2017
$4,582
4%
$128,700
—
2016
$4,427
4%
$128,700
—
2015
$4,259
-12%
$128,700
—
2019
$4,840
27%
$128,700
—
2013
$3,801
—
$128,700
—
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 55 Commonwealth Ave
55 Commonwealth Ave, Newark, NJ 07106 (MLS# 4057229) is a Single Family property with 3 bedrooms and 1 full bathroom. 55 Commonwealth Ave is currently listed for $199,000 and was received on October 06, 2026. Want to learn more about 55 Commonwealth Ave? Do you have questions about finding other Single Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

