40 Silver Street

Newark, NJ 07106

$599,900
Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2...This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.
  1. Listed by SILVIO LAVRADOR • RE/MAX SELECT

Property Details for 40 Silver Street

Directions
Sanford ave going north, right on Silver st.
Days On Market
4

Location

Listing Courtesy of RE/MAX SELECT, SILVIO LAVRADOR
Add your commute
LISTING UPDATED: 05/10/2024 09:17 AM

Property Details for 40 Silver Street

StatusActive
MLS #3900098
Days on Market14
Taxes$5,271 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1925
Lot Size0.04 AC / 1,742 SF
CountyEssex County

Location

Listing Courtesy of RE/MAX SELECT, SILVIO LAVRADOR
Add your commute

Building Information for 40 Silver Street

Stories-Residences2Year Built1925Building Size-Lot Size0.04 AC / 1,742 SF

Payment Calculator

$3,713 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$439

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Silver Street

Summary
Location and General Information
  • Active Days on Market: 4
  • Renovated Year: 2024
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 4109
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 40.0
  • # Parking Spaces: 3
  • County Or Parish: Essex
  • Street Name: SILVER ST
  • Zip Code: 07106-2521
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $5,271
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 141400.0
  • Tax ID For Property: 1614-04109-0000-00003-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Identifier: 3
  • Approximate Lot Size: 35.2X50
  • Total Acres: 0.04
  • Construction Date/Year Built: 1925
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 125000.0
  • Assessment Land: 16400.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Heating: 2 Units, Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Available
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water
  • Unit 1 Rent: 9999.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 999.0
  • Unit 1 Sq Ft: 1000.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 5
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 999.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 2 Rooms: 8.0
  • Unit 2 Security Deposit: 999.0
  • Unit 2 Sq Ft: 1500.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $999.00
  • Net Operating Income: $999.00
  • Gross Operating Income: $999.00

Property History for 40 Silver Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 40 Silver Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Lincoln Elementary School
PublicPK to 8

Newark Early College High School
Public6 to 12

Ivy Hill Elementary School
PublicPK to 8

Mount Vernon Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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40 Silver Street is a multi-family home for sale in Newark, NJ 07106. This property was listed for sale on May 6, 2024 by RE/MAX SELECT, it's currently listed at $599,900. This listing's school district is The Newark Public School District. Nearby schools include Lincoln Elementary School, Newark Early College High School and Ivy Hill Elementary School. 40 Silver Street is a 8-bed, 3-bath, multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX SELECT, SILVIO LAVRADOR

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/20/2024 06:12 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.