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$699,500
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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: $10,538
- Status: Under Contract
- Type: Duplex
- Source: NJMLS
- MLS ID: 26029949
- Updated: 9/8/2026
- Added to Site: 62 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: Basement
Additional Information
- Other Features: Other
Parking
- Garage: Yes
- Garage Spaces: 3
Location
- Area: Newark
- County: ESSEX
Utilities
- Utility Description: Sep Elec, Sep Gas
Structural Information
- Architectural Style: 2 Family
- Description/Design: Other
Financial Considerations
- For Sale: Yes
- For Sale/Rent/Lease: For Sale
- Tax Amount: $10,538
Listed by RE/MAX First Realty II (908) 664-1500, Darrell Bailey (862) 283-1281
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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
Date
Details
Price
Change
Source
9/16/2026
Sold
$500,000
-28.52%
Public Record
8/08/2026
Listed
$699,500
—
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 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
6%
$163,500
—
2017
$5,821
4%
$163,500
—
2016
$5,624
4%
$163,500
—
2015
$5,410
7%
$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 Avenue, Newark, NJ 07106 (MLS# 26029949) is a Duplex property with 9 bedrooms and 3 full bathrooms. 72 Sunset Avenue is currently listed for $699,500 and was received on August 08, 2026. Want to learn more about 72 Sunset Avenue? Do you have questions about finding other Duplex real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

