72 Sunset Ave, Newark, NJ 07106 - Photo 1

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$699,500 Just Listed

For Sale
Active
Multi-Family
9 Total Beds
3 Car Garage
Updated 2 days ago

Next open house:

Sunday 8/16 12:00 PM - 4:00 PM

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Join us at 72 Sunset Ave on:

Open House: 12:00 PM - 2:00 PM
Saturday 8/22 12:00 PM - 2:00 PM
72 Sunset Ave,Newark, NJ 07106
72 Sunset AveNewarkNJ07106
Open House: 2:00 PM - 4:00 PM
Sunday 8/23 2:00 PM - 4:00 PM
72 Sunset Ave,Newark, NJ 07106
72 Sunset AveNewarkNJ07106

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Property Description

Welcome to an exceptional two family opportunity where space, location, and income potential come together! Beautifully renovated across three floors on an oversized double lot. This home delivers the scale, flexibility, and cash-flowing potential today's buyers want and just minutes from Seton Hall University, South Orange, and the Garden State Parkway. Step through a sunny front porch into sun drenched interiors with hardwood floors, central HVAC, and stylish kitchens featuring Samsung appliances, granite countertops, and abundant cabinetry overlooking a sprawling backyard built for entertaining. Both units offer flexible 3"4 bedroom layouts, separate living and dining areas, and a bonus sunroom perfect as a home office, or playroom & porch access. Fully finished basement adds massive value with a full bath and stall shower, laundry, potential kitchenette, extra rooms, recreation space, and abundant storage. Outside, enjoy a fenced yard, extended driveway, and a rare oversized three car garage delivering parking most buyers only dream of. Rents estimated at $3,500"$4,000 for the first-floor unit inc basement. Alternatively $2,500"$3,000 per unit, plus potential income from parking and laundry creating a true cash-flowing asset. Minutes to major highways, Newark Airport, and NYC transit. Qualified buyers may access grant programs through approved lenders for down payment, closing cost. Home has been virtually staged in the interim.

Full Property Details

Full Property Details for 72 Sunset Ave

General

Price: $699,500
Taxes: $11,081 (2025)
Status: Active
Type: Multi-Family
Source: Garden_State
MLS ID: 4045728
Updated: 8/14/2026
Added to Site: 2 day(s) ago

Interior

Number of Rooms: 16
Interior Features: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Stain Glass Windows, Tile Floors, Wood Floors

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 9

Exterior

Exterior Features: Metal Fence, Open Porch(es), Wood Fence
Color: BEIGE/WHIT

Parking

Garage: Yes
Garage Spaces: 3
Garage Description: Detached Garage, Garage Parking, Oversize Garage

Location

County: Essex
Driving Directions: South Orange Ave to Sunset Ave

Heating & Cooling

Cooling Type: 2 Units, Central Air Conditioning
Heating Type: 2 Units, Forced Hot Air
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: All Underground, Electric, Natural Gas

Structural Information

Architectural Style: 2-Two Story
Exterior Const.: Brick, Vinyl Siding
Basement: Yes
Basement Desc.: Finished, Full
Roof: Asphalt Shingles, Flat
Year Built: 1915
Remodeled/Updated: 2026

Unit Information

Unit 1

Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Storage, Sunroom
Square Feet: 999
Levels/Stories: 2
Total Bathrooms: 2
Bedrooms: 6

Unit 2

Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Storage, Sunroom
Square Feet: 9999
Levels/Stories: 1
Total Bathrooms: 1
Bedrooms: 3

Lot Features

Lot Size (Acres): 0.14
Lot Dimensions: 62.6 x 100
Driveway/Sidewalk: 1 Car Width, Additional Parking, Concrete, Off-Street Parking
Zoning: R2
Lot Description: Level Lot

Financial Considerations

Operating Expenses: $99,999
Assessment Amount: $256,200
Land Assmt: $20,900
Tax Amount: $11,081
Tax Year: 2025

Disclosures and Reports

Exclusions: Staging Items & owners possessions
Disclosures: Yes
Block: 4060
Lot Number: 40

Listed by Re/Max First Realty Ii

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— 72 Sunset Ave —

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Schools

Schools serving 72 Sunset Ave

School District:Newark City School District

Name	Grades	Distance
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106	K-8	0.5 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	0.5 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	1.2 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1.9 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	2.4 mi
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106	PK-8	1.1 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1.5 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.7 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 72 Sunset Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/14/2026

Listed

$699,500

-0.07%

MLS

12/21/2023

Sold

$700,000

—

Public Record

Get Price Alerts and Save Property

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 72 Sunset Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$11,081

81%

$277,100

69%

2022

$6,108

—

$163,500

—

2021

$6,105

33%

$163,500

—

2021

$4,603

-24%

$163,500

—

2018

$6,038

-2%

$163,500

—

2019

$6,149

$163,500

—

2017

$5,821

$163,500

—

2016

$5,624

$163,500

—

2015

$5,410

$163,500

—

2014

$5,070

—

$163,500

—

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 72 Sunset Ave

72 Sunset Ave, Newark, NJ 07106 (MLS# 4045728) is a Multi-Family property with 2 units containing 9 bedrooms and 3 full bathrooms. 72 Sunset Ave is currently listed for $699,500 and was received on August 14, 2026. Want to learn more about 72 Sunset 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.

Tour this property

72 Sunset Ave Newark, NJ 07106

Full Property Details for 72 Sunset Ave

General

Interior

Rooms

Bathrooms

Bedrooms

Exterior

Parking

Location

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Lot Features

Financial Considerations

Disclosures and Reports

Quickly Find Out More

Quickly Find Out More

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Schools serving 72 Sunset Ave

Price & Sales History for 72 Sunset Ave Get Price Alerts and Save Property

Tax History for 72 Sunset Ave

Estimate the Cost for 72 Sunset Ave

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