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$689,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • Updated 8 days ago

Next open house:

Open House: 2:00 PM - 4:00 PM

Sunday 2/22 2:00 PM - 4:00 PM

78 Monticello Ave,Newark, NJ 07106

78 Monticello AveNewarkNJ07106

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Welcome to 78 Monticello Ave, a beautifully renovated 2-family home offering spacious layouts, modern updates, and strong income potential in Newark close to East Orange border. The first unit features three well-sized bedrooms, an open layout concept, while the second unit offers four bedrooms along with comfortable living and dining spaces, creating a total of seven bedrooms across the property. Both units are thoughtfully designed to provide functional flow and everyday comfort. An unfinished basement offers additional storage space, and a private driveway adds valuable off-street parking with a 2 car garage. With its generous layout, move-in-ready condition, and versatile appeal for homeowners and investors alike, this is an opportunity you don't want to miss. Grab it before it's gone!

Full Property Details for 78 Monticello Ave

General

  • Price: $689,000
  • Taxes: $7,054 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4009329
  • Updated: 2/11/2026
  • Added to Site: 9 day(s) ago

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage Description: None

Location

  • County: Essex
  • Driving Directions: Sanford Ave to Marion Ave to Monticello Ave

Heating & Cooling

  • Cooling Type: 2 Units, Central Air Conditioning
  • Heating Type: 2 Units, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 1922
  • Remodeled/Updated: 2026

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 4

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 40 x 100
  • Driveway/Sidewalk: 1 Car Width

Financial Considerations

  • Operating Expenses: $9,999
  • Assessment Amount: $161,100
  • Land Assmt: $24,400
  • Tax Amount: $7,054
  • Tax Year: 2024

Disclosures and Reports

  • Block: 4183
  • Lot Number: 37

Listed by Keller Williams Mid-Town Direct

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Listing agent

— 78 Monticello Ave —

  • Keller Williams Mid-Town Direct

347-470-6144

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 78 Monticello Ave

School District:Newark City School District
NameGradesDistance
Lincoln Elementary School, Newark, NJ
87 Richelieu Terrace, Newark, NJ 07106
K-80.4 mi
Ivy Hill Elementary School
107 Ivy Street, Newark, NJ 07106
PK-80.7 mi
Mount Vernon Elementary School
142 Mount Vernon Place, Newark, NJ 07106
PK-81 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-121.7 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-122.5 mi
Weequahic High School
279 Chancellor Avenue, Newark, NJ 07112
9-122.8 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-81 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-82 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-82.2 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 78 Monticello Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/11/2026
Listed
$689,000
272.43%
MLS
2/14/2019
Sold
$185,000
—
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 for 78 Monticello Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,055
2%
$185,500
—
2022
$6,930
—
$185,500
—
2021
$6,927
33%
$185,500
—
2021
$5,222
-25%
$185,500
—
2019
$6,977
2%
$185,500
—
2018
$6,851
4%
$185,500
—
2017
$6,604
3%
$185,500
—
2016
$6,381
4%
$185,500
—
2015
$6,138
12%
$185,500
—
2013
$5,478
—
$185,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Mid-Town Direct

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78 Monticello Ave, Newark, NJ 07106 (MLS# 4009329) is a Multi-Family property with 2 units containing 7 bedrooms and 3 full bathrooms. 78 Monticello Ave is currently listed for $689,000 and was received on February 11, 2026. Want to learn more about 78 Monticello 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.

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