Listing Notes
Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won't want to miss!
Price in context
Cheaper than 29% of the 24 homes listed nearby right now, which run $395,000 to $899,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 48 Cornerstone Ln | $395,000 | 2 bd · 3 ba |
| 93 Perez Dr | $424,999 | 3 bd · 3 ba |
| 161 W Market St | $425,000 | 3 bd · 2 ba |
| 72 Marrow St Unit 3101 | $439,000 | 3 bd · 3 ba |
| 72 Marrow St | $439,000 | 3 bd · 3 ba |
| 34 Duryea St | $440,000 | 4 bd · 3 ba |
| 26 Duryea St | $440,000 | 5 bd · 3 ba |
| 40 N 7th St | $449,000 | 4 bd · 3 ba |
| 449 Orange St | $450,000 | 2 bd · 2 ba |
| 5 Krueger Ct | $489,900 | 3 bd · 4 ba |
| 71 N 5th St | $491,000 | 8 bd · 3 ba |
| 346 Sussex Ave | $498,900 | 4 bd · 3 ba |
| 249 4th St | $519,900 | 4 bd · 2 ba |
| 61 Victoria Ave | $570,000 | 5 bd · 3 ba |
| 343 7th Ave W | $575,000 | 6 bd · 3 ba |
| 73 2nd St | $599,000 | 7 bd · 3 ba |
| 212 3rd St | $629,000 | Studio · 4 ba |
| 196 Sussex Ave | $650,000 | 7 bd · 4 ba |
| 366 7th Ave W | $749,000 | 9 bd · 4 ba |
| 366 7th Ave W | $749,000 | 9 bd · 5 ba |
| 232 2nd St | $789,999 | 9 bd · 3 ba |
| 272-274 Orange St | $849,000 | 8 bd · 3 ba |
| 350 New St | $889,000 | 9 bd · 6 ba |
| 25-27 Norfolk St | $899,000 | 8 bd · 6 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more