58 11Th Ave | Newark City

$650,000 | 6 Beds | 5 Baths (5 Full)

Spacious and income-producing two-family home located in Newark's desirable Fairmount neighborhood, offering an excellent opportunity for both owner-occupants and investors - ideal for buyers looking to offset their mortgage with rental income. This well-maintained property features two oversized units with a total of 6 bedrooms and 5 full bathrooms, plus a fully finished basement providing additional flexible living space. The first unit offers 3 bedrooms and 3 full bathrooms, including a finished lower level with bonus rooms and a separate entrance. The second unit features an expansive 3-bedroom, 2-bath layout with a finished attic, providing additional usable space. Additional highlights include hardwood, vinyl, and tile flooring throughout, laundry area and ample storage spaces, private balcony space, and separate utilities. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile multi-family property offers space, functionality, and long-term value in a prime Newark location. Eligible buyers may qualify for down payment and closing cost assistance programs, enhancing overall affordability. GSMLS 4026076

Directions to property: 11th Ave W and S 7th St

MLS Listing ID: 
GSMLS 4026076
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Architectural Style: 
Multi Floor Unit
Year Built: 
1897
New Construction: 
0
Basement: 
Finished, Full
Fireplaces: 
No
Construction
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
12
Total Bedrooms: 
6
Total Bathrooms: 
5
Total Full-Bathrooms: 
5
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
25X100
Waterfront: 
0
Lot Features
Driveway: 
On-Street Parking
Parking Type: 
On-Street Parking
Total Parking Spaces: 
0
Fence: 
No
Public Record
Parcel Number: 
1614-01811-0000-00007-0000-
Lot Number: 
7
Annual Tax: 
$5,686.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
5/7/2026
Contract Details
Details about the listing contract.
Possession: 
Immediately
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COMPASS NEW JERSEY LLC