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$500,000
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Property Description
Opportunity is knocking! Spacious 3 Family Home over 3 finished levels in thriving Newark is bursting with possibilities! An ideal rental property to add to your portfolio for easy supplemental income. The first floor unit offers 2 bedrooms, 1 full bath, a kitchen, living room, and separate dining room. Plenty of natural light all through. The 2nd floor unit offers 3 bedrooms, 1 full bath, a kitchen, living room and dining room. The third floor unit offers 1 bedroom, 1 full bath, and living area & kitchen. Full basement offers ample storage, utilities, and laundry facilities. Backyard area with patio is partially fenced-in for your privacy. Semi-private entrances, separate utilities, and a prime commuter location, just steps to the bus line, easy access to major roads, close to parks, shopping, dining, Newark Beth Isreal Medical Center, and more! Don't miss out! This could be the hidden gem you've been searching for!
Full Property Details
Full Property Details for 7 Mapes Terrace
General
- Price: $500,000
- Taxes: $6,702 (2025)
- Status: Active
- Type: Triplex
- Source: Middlesex
- MLS ID: 2611410R
- Updated: 3/14/2026
- Added to Site: 17 day(s) ago
Interior
- Interior Features: Unit 1(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room)
- Appliances: Water Heater(Electric), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven)
Rooms
Bathrooms
- Total Bathrooms: 3
Exterior
- Exterior Features: Patio, Curbs, Sidewalk, Fencing/Wall, Yard, Semi-Private Entry, Private Entrance
- Deck/Patio: Patio
Parking
- Parking Features: 3-4 Car Parking
- Parking: 3-4 Car Parking
Location
- County: Essex
Community
- Gated: Curbs, Sidewalks
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Hot-Water Radiators
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Basement Desc.: Full, Utility Room
- Roof: Asphalt
- Stories/Levels: 3
- Year Built: 1922
Lot Features
- Lot Size (Acres): 0.0839
- Lot Size (Sq. Ft.): 3,655
- Lot Dimensions: 102.00 x 35.00
- Lot Features: Near Shopping, Near Train, Near Public Transit
- Lot Description: Near Shopping, Near Train, Near Public Transit
- Fencing (Description): Fencing/Wall
Financial Considerations
- Tax Amount: $6,702
- Tax Year: 2025
Disclosures and Reports
- Property ID: 1403626000000022
Listed by RE/MAX 1st ADVANTAGE
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Schools
Schools serving 7 Mapes Terrace
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112 | PK-8 | 0.2 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 0.5 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.8 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 0.4 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.2 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.6 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.6 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.8 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 2.2 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 7 Mapes Terrace
Date
Details
Price
Change
Source
3/05/2026
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 7 Mapes Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,374
2%
$167,600
—
2022
$6,262
—
$167,600
—
2021
$6,258
33%
$167,600
—
2021
$4,718
-25%
$167,600
—
2019
$6,303
2%
$167,600
—
2018
$6,189
4%
$167,600
—
2017
$5,967
4%
$167,600
—
2016
$5,765
4%
$167,600
—
2015
$5,546
12%
$167,600
—
2013
$4,949
—
$167,600
—
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 7 Mapes Terrace
7 Mapes Terrace, Newark, NJ 07112 (MLS# 2611410R) is a Triplex property with 0 bedrooms and 0 full bathrooms. 7 Mapes Terrace is currently listed for $500,000 and was received on March 05, 2026. Want to learn more about 7 Mapes Terrace? Do you have questions about finding other Triplex real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

