$1,095,000 $5,878 est/mo Sourced by Back At You
516 Hawthorne Ave,Newark City, NJ 07112
Newark City, NJ 07112
Description
This three family house boasts nine bedrooms and six bathrooms and each unit offers a built in laundry. This brand new property is equipped with a sprinkler system and each apartment has its separate gas and electric meters. Each apartment features three beds and two bathrooms and the same rent amount across the board. This ultimate income producing property should pick you business acumen. The property is currently under construction with an estimated completion date of June 20th 2026.This brand new property will enjoy a five years tax abatement.
Details
| MLS # | 4003124 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 276 |
| Listing Provided By | JD FRANCES REALTY & G.R. | JEANMICHEL SERY |
Features
| Bath(s) | 6 Total |
|---|---|
| Zoning | R3 |
Taxes
| Property | 4183 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| School District | UNIVERSITY |
| Elementary School | HAWTHORNE |
| High School | UNIVERSITY |
| Listing VS Median (in 07112) | |
Price: $1,095,000 low | high Med: $2,575 On site: 276 low | high Med: 11 | |
Market Activity 07112
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| School District | UNIVERSITY |
| Elementary School | HAWTHORNE |
| High School | UNIVERSITY |
| Listing VS Median (in 07112) | |
Price: $1,095,000 low | high Med: $2,575 On site: 276 low | high Med: 11 | |
Nearby Listings (Within 1/4 mile)
Price: $821K - $1.368M
sqft: 0 - 0
Listing Updated: October 4, 2026 at 5:16:51 PM PDT