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$648,000
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Property Description
EXCEPTIONAL 2-FAMILY HOME IN NEWARK! This beautifully upgraded multi-family residence is ideal for both investors and owner-occupants seeking a move-in-ready, income-generating property in a vibrant and accessible Newark neighborhood. Unit 1 spans two levels, occupying the first floor and finished basement. The main level offers two well-sized bedrooms one featuring charming bay windows and a fully renovated bathroom. The modern kitchen boasts quartz countertops, updated appliances, a spacious dining area, and direct access to the backyard. The lower level includes two additional bedroom areas, a second full bathroom, and another access point to the backyard. Unit 2 has its own entrance leading to the second floor. This unit includes a bedroom area with bay windows, plus two more generously sized bedrooms. A nicely renovated full bathroom and an updated kitchen with dining area and backyard access complete the layout. Additional highlights include elegant moldings, updated flooring, modern plumbing, and thoughtful design touches throughout. Both units feature front and rear entrances, enhancing convenience and privacy. Located just steps from public transportation and within blocks of parks, schools, shops, and restaurants. Whether you're looking to live in one unit and rent the other, or add a high-quality property to your investment portfolio, this is an opportunity not to be missed. SCHEDULE YOUR PRIVATE TOUR TODAY!
Full Property Details
Full Property Details for 553 S Orange Ave
General
- Price: $648,000
- Taxes: $4,921 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3979618
- Updated: 8/5/2025
- Added to Site: 166 day(s) ago
Interior
- Number of Rooms: 11
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Location
- County: Essex
- Driving Directions: Grove St to S Orange ave
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full, Walk-Out
- Roof: Flat
- Year Built: 9999
- Remodeled/Updated: 2022
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $85,000
- Land Assmt: $44,400
- Tax Amount: $4,921
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Tenants appliances and belongings.
- Block: 1789
- Lot Number: 29
Listed by Nationwide Homes Realty Llc
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Schools
Schools serving 553 S Orange Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.6 mi |
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103 | K-4 | 0.6 mi |
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 1.3 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 1.5 mi |
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108 | PK-8 | 1.8 mi |
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112 | K-6 | 1.8 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106 | PK-8 | 1.9 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.9 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 553 S Orange Ave
Date
Details
Price
Change
Source
8/05/2025
Listed
$648,000
45.52%
MLS
4/21/2023
Sold
$445,313
—
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 553 S Orange Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,921
2%
$129,400
—
2022
$4,834
—
$129,400
—
2021
$4,832
33%
$129,400
—
2021
$3,643
-24%
$129,400
—
2018
$4,779
4%
$129,400
—
2017
$4,607
4%
$129,400
—
2016
$4,451
4%
$129,400
—
2015
$4,282
-12%
$129,400
—
2019
$4,867
21%
$129,400
—
2014
$4,013
—
$129,400
—
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 553 S Orange Ave
553 S Orange Ave, Newark, NJ 07103 (MLS# 3979618) is a Multi-Family property with 2 units containing 7 bedrooms and 3 full bathrooms. 553 S Orange Ave is currently listed for $648,000 and was received on August 05, 2025. Want to learn more about 553 S Orange Ave? 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.

