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$500,000
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Property Description
Priced to Sell! Welcome to this 2 family property located in the heart of the Vailsburg section in Newark, NJ! Conveniently located near public transportation, highways, places of worship, eateries, and more! This home is ready for your personal touch and requiring some TLC. 2 units , both with 3 Bedrooms and 1 and half bath in each. This property also includes a backyard for your entertaining needs AND A 2 CAR DRIVEWAY. Property being sold "AS IS" . Buyer is responsible for all permits and CO from town. Perfect opportunity for investors or owners wanting additional rental income.
Full Property Details
Full Property Details for 59 Norwood St
General
- Price: $500,000
- Taxes: $5,012 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4002851
- Updated: 12/29/2025
- Added to Site: 19 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Open Porch(es)
Location
- County: Essex
- Driving Directions: Off South Orange Avenue- One block parallel to Stuyvesant
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: Radiant - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Cable TV
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Aluminum Siding
- Roof: Asphalt Shingles
- Year Built: 1996
- Remodeled/Updated: 1996
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Family Room, Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, Porch
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: Concrete Strip
Financial Considerations
- Expenses: Utilities
- Assessment Amount: $115,500
- Land Assmt: $16,300
- Tax Amount: $5,012
- Tax Year: 2024
Disclosures and Reports
- Disclosures: Yes
- Block: 4066
- Lot Number: 64
Listed by Tesla Realty Group Llc
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Schools
Schools serving 59 Norwood 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 | 0.7 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 0.7 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.3 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 2.1 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 2.5 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106 | PK-8 | 1 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.6 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | 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 59 Norwood St
Date
Details
Price
Change
Source
12/29/2025
Listed
$500,000
—
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 59 Norwood St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,012
2%
$131,800
—
2022
$4,924
—
$131,800
—
2021
$4,900
33%
$131,800
—
2021
$3,689
-24%
$131,800
—
2018
$4,867
4%
$131,800
—
2017
$4,692
3%
$131,800
—
2016
$4,534
4%
$131,800
—
2015
$4,361
-12%
$131,800
—
2019
$4,957
27%
$131,800
—
2013
$3,892
—
$131,800
—
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 59 Norwood St
59 Norwood St, Newark, NJ 07106 (MLS# 4002851) is a Multi-Family property with 2 units containing 6 bedrooms, 2 full bathrooms and 2 partial bathrooms. 59 Norwood St is currently listed for $500,000 and was received on December 29, 2025. Want to learn more about 59 Norwood 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.

