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$750,000 Just Listed
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Property Description
Investment Opportunity! 2 Family home near NYC transportation! Perfect for Investors or buyers looking to build equity in a strong location .Don't miss this excellent income-producing opportunity! This well-maintained two-family home with a finished basement is perfect for investors or owner-occupants looking to generate rental income .Prime Location- Located in a high-demand rental area. Just minutes from convenient public transportation to NYC, making it ideal for commuters. Enjoy easy access to local restaurants, shopping, and the beautiful surroundings of Branch Brook Park. Additional Note: Property converted from oil to natural gas. Seller believes an underground oil tank may remain on the property. Property being sold as-is. Buyer responsible for inspections.
Full Property Details
Full Property Details for 654 N 5th St
General
- Price: $750,000
- Taxes: $7,446 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4021552
- Updated: 4/17/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Metal Fence
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Bloomfield Ave to N 5th St
School Information
- Elementary School: ABINGTON
- Middle School: ABINGTON
- High School: TECHNOLOGY
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Baseboard - Hotwater, Radiators - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Brick, Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt Shingles
- Square Feet: 3,756
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.05
- Lot Dimensions: 42 x 50
- Driveway/Sidewalk: Blacktop
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $139,200
- Land Assmt: $47,000
- Tax Amount: $7,446
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 640
- Lot Number: 9
Listed by Weichert Realtors
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Schools
Schools serving 654 N 5th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Abington Ave. Elementary School 209 Abington Avenue, Newark, NJ 07107 | PK-8 | 0.1 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.3 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.9 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 1.1 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 1.1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 2.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 2.2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2.6 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 2.6 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 654 N 5th St
Date
Details
Price
Change
Source
4/17/2026
Listed
$750,000
—
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 654 N 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,081
2%
$186,200
—
2022
$6,956
—
$186,200
—
2021
$6,953
33%
$186,200
—
2021
$5,242
-24%
$186,200
—
2018
$6,876
4%
$186,200
—
2017
$6,629
3%
$186,200
—
2016
$6,405
-9%
$186,200
—
2019
$7,003
14%
$186,200
—
2015
$6,161
7%
$186,200
—
2014
$5,774
—
$186,200
—
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 654 N 5th St
654 N 5th St, Newark, NJ 07107 (MLS# 4021552) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 654 N 5th St is currently listed for $750,000 and was received on April 17, 2026. Want to learn more about 654 N 5th 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.

