Newark, NJ Multifamily Homes & Duplexes for Sale

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  /25

  $579,999

  • 6 Beds
  • 3 Baths

  59 Wakeman Ave, Newark, NJ 07104

  Don't miss this beautifully renovated vacant 2-family home located in the vibrant heart of Newark! This versatile property is perfect for owner-occupancy or as a strong investment opportunity. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, offering a bright and comfortable layout. The second-floor duplex unit boasts 4 bedrooms and 2 full bathrooms, ideal for larger

  

  Tayllor Cooper

  COOPER MCKELVEY REAL ESTATE CO.

  (201) 720-6774

  

  59 Wakeman Ave, Newark, NJ 07104
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  Explore Newark

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  /44

  $524,999

  • 6 Beds
  • 2 Baths

  191 1st Ave W, Newark, NJ 07107

  Check out this updated 2-family home at 191 1st Ave, Newark. Both units features include a brand-new HVAC system, modern renovations, and a spacious backyard perfect for entertaining or relaxing. Enjoy easy access to NYC via as you're two blocks away from Bloomfield Ave lightrail, 45 mins commute to NYC, and walking distance to stores and restaurants. Ideal for investors/owner-occupants/ or even

  

  Fernando Leyva

  Real

  (201) 899-8174

  

  191 1st Ave W, Newark, NJ 07107
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  /11

  $737,000

  • 9 Beds
  • 4 Baths

  205-207 Chancellor Ave, Newark, NJ 07112

  Massive 3-Family Home in Weequahic! Spacious and well-maintained 3-family property featuring 9 bedrooms and 4 bathrooms across three levels. Unit 1 offers 4 beds/1 bath, Unit 2 features 3 beds/2 baths, and the top floor includes 2 beds/1 bath. Hardwood floors, high ceilings, and abundant natural light throughout. Includes a large, clean basement, a 4-car driveway, and a private backyard. Located

  

  Tamayo Oppenheimer

  SILVER AND OAK REALTY, LLC

  (201) 561-8122

  205-207 Chancellor Ave, Newark, NJ 07112
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  /14

  $769,000

  • 6 Beds
  • 5 Baths

  629 S 18th St, Newark, NJ 07103

  Nestled on a tranquil, tree-lined street, this charming home is just steps away from South Seventeenth Street Elementary School, making it an ideal choice for those seeking convenience and community. Both the 1st & 2nd floor offer an inviting open layout of the living/dining room which seamlessly blends comfort with functionality, perfect for entertaining or gatherings. With three generously

  

  David Vanegas

  EMPIRE REAL ESTATE

  (201) 431-2169

  

  629 S 18th St, Newark, NJ 07103
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  /20

  $569,000

  • 8 Beds
  • 2 Baths

  79 Irving St, Newark, NJ 07104

  Welcome to 79 Irving Street, a well-maintained three-story multi-family property located near the Newark-Belleville border. This spacious home features two vacant units, offering immediate flexibility for investors or owner-occupants. The first unit includes 3 bedrooms and 1 bathroom, while the second unit offers 5 bedrooms and 1 bathroom ideal for maximizing rental income. Each unit features an

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 989-1981

  

  79 Irving St, Newark, NJ 07104
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  /19

  $525,000

  • 6 Beds
  • 3.5 Baths

  348 Sussex Ave, Newark, NJ 07107

  Welcome to 348 Sussex Avenue, a solid brick multi-family property located in the heart of Newark. This under/over style home offers a total of 6 bedrooms and 3.5 bathrooms across two levels. Unit 1 features 3 bedrooms and 2 full baths, with two of the bedrooms located on the basement level. Unit 2 offers 3 bedrooms and 1.5 baths. Both units include spacious living/dining areas and fully equipped

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 212-6802

  

  348 Sussex Ave, Newark, NJ 07107
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  /16

  $589,000

  • 3 Beds
  • 1.5 Baths

  235 S 7th St, Newark, NJ 07103

  235 S 7TH IS DEEDED TO BE A 2 FAMILY HOME. .IT IS FULLY RENOVATED TO BE A 6 BEDROOM, 3 BATHROOM SINGLE FAMILY HOME. .IT CAN BE CONVERTED INTO 2 UNITS. THE FIRST FLOOR WOULD BE A 1 BEDROOM UNIT AND THE 2ND AND 3RD FLOORS WOULD BE A 4 BEDROOM UNIT.

  

  William Liederman

  COLDWELL BANKER REALTY

  (201) 625-1173

  

  235 S 7th St, Newark, NJ 07103
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  /20

  $649,000

  • 5 Beds
  • 3 Baths
  • 2,246 Sq Ft

  141 Fabyan Place, Newark, NJ 07112

  Welcome to 141 Fabyan Place, a beautifully renovated two-family home offering a strong investment opportunity in a convenient Newark location. This updated property features a total of 5 bedrooms and 3 full bathrooms across two spacious units. The first unit includes 2 bedrooms and 1 bathroom, while the second offers 3 bedrooms and 2 bathrooms, each with eat-in kitchens, open living/dining areas,

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 778-6612

  

  141 Fabyan Place, Newark, NJ 07112
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  /31

  $589,000

  • 5 Beds
  • 2 Baths

  77 Aldine St, Newark, NJ 07112

  Welcome to 77 Aldine St, a versatile multi-unit property in Newark offering comfort and potential income. This well-maintained home consists of two units, each with its own unique appeal. Unit 1 features 2 bedrooms and 1 bathroom, ideal for a cozy living space, with a spacious and inviting living area. The kitchen has modern appliances and plenty of storage space, making meal preparation a

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 870-0848

  

  77 Aldine St, Newark, NJ 07112
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  /7

  $529,000

  • 6 Beds
  • 3 Baths

  644 15th Ave, Newark, NJ 07103

  Opportunity knocks with this solid 3-family home perfectly situated in the heart of Newark. This property can be transformed into a high-income producing asset.Located just minutes from major highways, public transportation, downtown Newark.

  

  Cintia D'Urso

  VOX REALTY

  (201) 688-7083

  

  644 15th Ave, Newark, NJ 07103
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  /14

  $729,900

  • 6 Beds
  • 4 Baths

  63-65 Milford Ave, Newark, NJ 07108

  Welcome to 63-65 Milford Avenue!!! This Fantastic, well-maintained two-family home is conveniently located in the desirable South Broad Neighborhood. Offering easy access to EWR - Newark Liberty International Airport, Downtown Newark, all major public transportation, and a short commute to NYC. Features an Open floor Plan Concept, Kitchen, Living / Dining Room, three bedrooms, and two full

  

  Augusto Verissimo

  WEICHERT REALTORS - HOME CITY

  (201) 949-3985

  

  63-65 Milford Ave, Newark, NJ 07108
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  /8

  $818,000 Open Sun 2PM - 4PM

  • 6 Beds
  • 5 Baths

  322 Clifton Ave, Newark, NJ 07104

  Beautiful 3 Unit Property in the best area of North Newark, close to Newark Basilica, famous Branch Brook Park , Schools, Major Transportation, Major highways and more. Prime Location, Strong investment. Rare opportunity to own a great 3 unit property, with lots of potential on the desireable Clifton Ave in the heart of Newark. Why pay rent when you can pay less with this enormous property or

  

  Roy Castro

  REALTY ONE GROUP LIVING

  (201) 992-5516

  

  322 Clifton Ave, Newark, NJ 07104
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  /20

  $589,000

  • 5 Beds
  • 2 Baths

  219 N 6th St, Newark, NJ 07107

  Welcome Home! 219 N 6th is located in one of the,most desirable neighborhoods in Newark, offering 2 units in great condition, first floor unit offering a spacious open concept layout with 2 bedrooms and up to date kitchen and bathroom, second floor unit offers 3 bedrooms and up to date finishes... whether you are looking to live in 1 unit or rent the other, or just looking to generate income 219

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 977-4109

  

  219 N 6th St, Newark, NJ 07107
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  /22

  $639,900

  • 5 Beds
  • 4 Baths

  22 Kossuth St, Newark, NJ 07105

  WELCOME TO 22 Kossuth St!!! This solid brick two-family home is unique, exceptionally well-maintained, and conveniently located in the vibrant and bustling Ironbound Neighborhood. Everything just steps from your door. Local Restaurants & Wilson Avenue/ Ferry Shopping Stores / Nightlife, and all major Highways and public transportation. Offers spacious apartments consisting of a sizable

  

  Augusto Verissimo

  WEICHERT REALTORS - HOME CITY

  (201) 365-9934

  

  22 Kossuth St, Newark, NJ 07105
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  /30

  $599,000

  • 5 Beds
  • 2 Baths

  666 S 15th St, Newark, NJ 07103

  Welcome to 666 S 15th Street, a beautifully renovated newer construction two-family home located in a convenient section of Newark. The first unit offers 2 bedrooms and 1 bathroom, while the second unit features 3 bedrooms and 1 bathroom?providing a versatile layout ideal for rental income or personal use. Both units have been thoughtfully updated and offer functional, modern living spaces ready

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 429-0568

  

  666 S 15th St, Newark, NJ 07103
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  /11

  $499,900

  • 5 Beds
  • 4 Baths

  170 Christie St, Newark, NJ 07105

  FIXER-UPPER OPPORTUNITY " TWO-FAMILY HOME IN NORTH IRONBOUND! This unique investment property is in the highly desirable North Ironbound section of Newark. The home features a first-floor unit with a kitchen, living room, dining room, and bedrooms, full bathrooms. Second-floor, a larger unit with kitchen, living room, dining room, and bedrooms, two full bathrooms. It also includes a partially

  

  Augusto Verissimo

  WEICHERT REALTORS - HOME CITY

  (973) 420-5317

  

  170 Christie St, Newark, NJ 07105
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  /43

  $649,000

  • 6 Beds
  • 3 Baths

  1371 Clinton Ave Unit 1373, Irvington, NJ 07111

  Spacious and conveniently located with an oversized backyard, this income generating home is a must see. The first unit comprises a two bedroom apartment and full finished basement with a bonus room. The upstairs unit spans the second and third floors and offers four beds and two baths. While the property is in need of some general repairs and is being sold as is, much has been done to update it.

  

  Michael Dunn

  EXP REALTY, LLC

  (201) 817-5916

  

  1371 Clinton Ave Unit 1373, Irvington, NJ 07111
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  /43

  $879,000 New Construction

  • 6 Beds
  • 4.5 Baths

  22 Speedway Ave, Newark, NJ 07106

  Brand new construction in 2025! Welcome to 22 Speedway Avenue, a stunning newly built 2-family home in Newark, offering modern design, comfort, and strong investment potential. This under/over-style property features two spacious units: Unit 1 includes 3 bedrooms, 2.5 baths, a large living/dining area, and a beautiful eat-in kitchen; Unit 2 offers 3 bedrooms, 2 full baths, and a bright, open

  

  TOVIA LICHTMAN

  KELLER WILLIAMS MID-TOWN DIRECT

  (201) 822-2604

  

  22 Speedway Ave, Newark, NJ 07106
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  /31

  $749,000

  • 7 Beds
  • 4 Baths
  • 2,965 Sq Ft

  61 Columbia Ave, Newark, NJ 07106

  Welcome to this fully renovated 3-family home. perfect for both Owner-occupants or investors. This stunning property has been completely renovated from the beams up, offering a modern and fresh living space across all three units. Brand-new heating systems: 3 separate systems for each unit, providing energy efficiency and convenience 3 new hot water tanks. First Floor: Spacious 3-bedroom, 1-bath

  BISHOY MEGALLA KELLER WILLIAMS TEAM REALTY

  

  61 Columbia Ave, Newark, NJ 07106
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  /2

  $629,000 Coming Soon

  • 3 Beds
  • 3 Baths

  487 S 17th St, Newark, NJ 07103

  Welcome to this beautifully updated 2-family home in the heart of Newark, an exceptional investment opportunity with tenants already in place and strong rental income from day one. Each unit features spacious layouts, modern kitchens, and refreshed bathrooms. The home has been freshly touched up throughout, and the backyard has been newly improved, offering a clean and inviting outdoor space. All

  MABEL PENA LIVX

  

  487 S 17th St, Newark, NJ 07103
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  /21

  $529,000

  • 6 Beds
  • 2 Baths
  • 2,086 Sq Ft

  727 S 20th St, Newark, NJ 07103

  Newly Renovated 2-Family Gem!! Discover the perfect blend of classic charm and modern style in this beautifully renovated two-unit multifamily home, just 30 minutes from NYC. Each spacious unit features 3 bedrooms and 1 full bath, offering ample living space for both owners and tenants. Step into bright, sun-filled master bedrooms with high ceilings that create an airy, inviting feel. Upper

  CHRISTINE CEDERQUIST REALTY ONE GROUP LIFESTYLE HOMES

  

  727 S 20th St, Newark, NJ 07103
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  /23

  $449,000

  • 9 Beds
  • 3 Baths

  507 S 19th St, Newark, NJ 07103

  Don't miss this incredible opportunity to own a spacious 3-family property in the heart of Newark, NJ. This vacant building features three full-floor units, each offering 3 bedrooms and 1 bathroom. While the third-floor unit has minor fire damage, it presents the perfect chance for value-add renovations and customization. Conveniently located near major transportation, schools, and shopping. With

  WANDA NUILA THE REAL ESTATE COMPANY

  

  507 S 19th St, Newark, NJ 07103
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  /23

  $549,900

  • 6 Beds
  • 3 Baths

  137 Osborne Terrace, Newark, NJ 07108

  Great Investment or Owner-Occupant Opportunity in Newark! A spacious 2-family home offering versatility and value. Each unit features 3 generous bedrooms and 1 full bath, providing ample living space. The finished attic includes two bonus rooms and an additional full bath, ideal for extended living, home office, or guest space. Property includes separate utilities, making management a breeze.

  Jorge Velasquez RE/MAX PROFESSIONALS I

  

  137 Osborne Terrace, Newark, NJ 07108
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  /27

  $649,000

  • 5 Beds
  • 3 Baths

  107 S 11th St, Newark, NJ 07107

  Newly renovated! Perfect for home owner or investor! 3 family home in Newark, first unit offering 2 bedrooms 1 full bathroom, nice size living room, eat in kitchen with quartz countertops, gorgeous backsplash, stainless steel appliances. Second unit offering 2 bedrooms, full bathroom, kitchen, nice size living room. Third unit offering one bedroom, one full bathroom , kitchen, living room.

  Edward Gelley WEICHERT REALTORS - HOME CITY

  

  107 S 11th St, Newark, NJ 07107
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  /36

  $648,000

  • 7 Beds
  • 3 Baths

  553 S Orange Ave, Newark, NJ 07103

  EXCEPTIONAL 2-FAMILY HOME IN NEWARK! This beautifully upgraded multi-family residence is ideal for both investors and owner-occupants seeking a move-in-ready, income-generating property in a vibrant and accessible Newark neighborhood. Unit 1 spans two levels, occupying the first floor and finished basement. The main level offers two well-sized bedrooms one featuring charming bay windows and a

  Hillel Weinberger NATIONWIDE HOMES REALTY LLC

  

  553 S Orange Ave, Newark, NJ 07103
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  /23

  $785,000 Open Sat 12PM - 3PM

  • 8 Beds
  • 5 Baths

  161 Osborne Terrace Unit 163, Newark, NJ 07112

  A Rare Find in The Heart of Newark! Fully renovated 3-family home located on Osborne Terrace! All units are modern and thoughtfully designed. The first and second floors each feature 3 spacious bedrooms. 2 sleek bathrooms, central air stylish finishes and all-new appliances-plus in-unit washer and dryer hookup. The third floor offers a chic 2-bedroom, 1-bethroom layout with its own washer and

  LOUNA PIERRE NEW AND MODERN GROUP

  

  161 Osborne Terrace Unit 163, Newark, NJ 07112
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  /11

  $399,000

  • 6 Beds
  • 2 Baths

  783 S 13th St Unit 2, Newark, NJ 07108

  Great investment opportunity .. qualifies for FHA 203K. 1ST AND second floor renovated, 1 furnace needs some work, NO ATTIC

  RICHARD VILLARREAL RE/MAX SELECT

  

  783 S 13th St Unit 2, Newark, NJ 07108
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  /5

  $900,000

  • 8 Beds
  • 5 Baths

  469 Hawthorne Ave Unit 3, Newark, NJ 07112

  Fantastic opportunity for owner-occupants and investors alike! This income-generating 3-family home at 469 Hawthorne Avenue features a 2-bedroom, 1-bath unit on the 1st floor, and two large 3-bedroom, 2-bath units on the 2nd and 3rd floors. The 2nd-floor unit will be delivered vacant, making it ideal for FHA buyers looking to live in one unit while collecting rent from the others. With strong

  ADETOKUNBO OLUSHOGA ALIGN RIGHT REALTY HOMEKEY

  

  469 Hawthorne Ave Unit 3, Newark, NJ 07112
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  /9

  $675,000

  • 7 Beds
  • 3 Baths

  163 W End Ave, Newark, NJ 07106

  Welcome to this well-maintained 3-family home offering the perfect blend of immediate income and long-term potential. One unit will be delivered vacant, providing a great opportunity for an owner-occupant to move right in or set their own rent. The other two units are already generating solid rental income- a true turnkey investment plus low taxes! Enjoy ample parking in the rear and laundry

  ASANTE BALAAM EXP REALTY, LLC

  

  163 W End Ave, Newark, NJ 07106
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  /2

  $879,999 Open Sat 2PM - 4PM

  • 8 Beds
  • 5 Baths

  896-898 S 16th St, Newark, NJ 07108

  Discover an exceptional investment opportunity with this expansive three-family residence, ideally situated on an oversized lot just steps from I-78, the Garden State Parkway, and key transit options. Boasting impressive square footage and a prime location near downtown Newark, this property is perfectly suited for both owner-occupants and seasoned investors seeking strong rental potential. Each

  RICHARD OVEDHE RE/MAX NEW MILLENNIUM GROUP

  

  896-898 S 16th St, Newark, NJ 07108
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  /9

  $499,000

  • 6 Beds
  • 2 Baths

  540 S 20th St, Newark, NJ 07103

  This is a great 2 family house to own for investment or owner occupied , newly renovated, central air and central heat, Brick Siding, High ceiling. LOW TAXES!

  Marko Hannalla KELLER WILLIAMS SUBURBAN REALTY

  

  540 S 20th St, Newark, NJ 07103
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  /8

  $689,999 Open Sun 1PM - 3PM

  • 9 Beds
  • 4.5 Baths

  8 Treacy Ave Unit 10, Newark, NJ 07108

  Versatile 2-Family with Bonus Space located in Newark's sought-after Upper Clinton Hill, adjacent to the Weequahic section, this spacious legal 2-family offers exceptional potential perfect for investors or owner-occupants.Unit 1 features 3 bedrooms and 1 full bath.Unit 2 spans two floors with 3 bedrooms, 1 baths, plus an additional 2-bedroom/1-bath setup on the upper level ideal for a private

  BRYANT RALPH CUADROS REALTY OF AMERICA

  

  8 Treacy Ave Unit 10, Newark, NJ 07108
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  /2

  $665,000

  • 5 Beds
  • 3 Baths

  162-164 Goldsmith Ave, Newark, NJ 07112

  Your next investment is this wonderful 3 family home, Large rooms, a great investment for owner occupied and or investors.

  Deborah Furr Mcsween EXP Realty, LLC

  

  162-164 Goldsmith Ave, Newark, NJ 07112
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  /27

  $549,999

  • 5 Beds
  • 4 Baths

  99 Cutler St, Newark, NJ 07104

  Excellent Investment property in Newark's highly sought after North Ward (ZIP 07104). -; Unit 1 has 3 bedrooms and 2 baths. -; Unit 2 has 1 bedroom and 1 bath plus there is a separate "bonus" space on the 3rd floor with an additional bathroom. -; Tenants are on Month to Month. -; This property is just 3 blocks from Branch Brook Park. -; A 15 minute walk to NJ Transit's Broad Street Station (with

  Edwin Devia ELITE REALTORS OF NEW JERSEY

  

  99 Cutler St, Newark, NJ 07104
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  /35

  $449,000 Open Sat 12PM - 2PM

  • 3 Beds
  • 3 Baths

  112 Bragaw Ave, Newark, NJ 07112

  Welcome to your next investment at 112 Bragaw! Vacant two unit three bedroom three bathroom multi nestled on a quiet block and close to transportation. First unit has 2 levels: ground level bedroom, recreational room and bath with a separate entrance. One floor up has a sizable living room and bedroom with excellent storage space. Serenely renovated bathroom and galley kitchen with enough space

  RONALD FOWLIN COLDWELL BANKER REALTY

  

  112 Bragaw Ave, Newark, NJ 07112
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  /29

  $550,000

  • 5 Beds
  • 3 Baths

  222 Weequahic Ave, Newark, NJ 07112

  Charming 3-Unit Multi Family Home with Great Income Potential! This well maintained 3-unit multi-family property is perfect for investors or owner occupants seeking additional rental income. Located in near transportation and major highways, the property features two 2-bedroom 1 bath units and a cozy but generously spacious 1 bedroom 1 bathroom unit. Two of the units are currently occupied and

  Randy Williams, Jr. UNITED REAL ESTATE

  

  222 Weequahic Ave, Newark, NJ 07112
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  /26

  $680,000

  • 8 Beds
  • 3.5 Baths
  • 2,500 Sq Ft

  210-212 Goldsmith Ave, Newark, NJ 07112

  Discover a golden investment opportunity at 210-212 Goldsmith Ave, a stunning multi-family gem in the heart of Newark's vibrant Weequahic neighborhood! This beautifully maintained 2 unit property blends modern upgrades with timeless charm, offering spacious units with gleaming hardwood floors, updated kitchens, and ample living space, perfect for savvy investors or owner occupants seeking strong

  Juaquanna Gaines ESSENTIAL REAL ESTATE

  

  210-212 Goldsmith Ave, Newark, NJ 07112
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  /11

  $575,000

  • 4 Beds
  • 3 Baths

  177 Norman Rd Unit 179, Newark, NJ 07106

  Wonderful Two-Family Property With Tenants In Both Units. This Is A Duplex With 4 Bedrooms And 3 Full Baths. Basement Has A Full Bathroom And A Large Walkout Area, 2 Car Detached Garages

  CLINT MITCHELL WEICHERT REALTORS

  

  177 Norman Rd Unit 179, Newark, NJ 07106
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  /47

  $699,000

  • 7 Beds
  • 3 Baths

  309 7th Ave W, Newark, NJ 07107

  Welcome to 309 7th Ave W Newark, a versatile 3 family house offering comfort and potential income. Unit 1 features 3 bedrooms and 1 bathroom while Unit 2 has the same open layout but has 3 bedrooms and 1 bathroom. Unit 3 has 1 bedrooms with walk-in closet and 1 bathroom. Each unit has a kitchen that has modern appliance and plenty of storage space. The bedrooms are bright and spacious. Outside

  Eyal Levy Keller Williams Park Views

  

  309 7th Ave W, Newark, NJ 07107
• 

  

  /40

  $825,000

  • 6 Beds
  • 3 Baths

  320 Clifton Ave, Newark, NJ 07104

  Investors alert!! Don't miss this great opportunity to own this beautifully maintained 3-family property in a prime Newark location. Each unit features a generous layout and solid rental potential. Recent upgrades include a brand-new roof (2 years old) and a new furnace (1 year old), offering peace of mind for years to come. The property has been exceptionally cared for by the seller and is in

  Mohammed Ziedan BLUE FLAGS REALTY LLC

  

  320 Clifton Ave, Newark, NJ 07104

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Why Live in Newark

Newark's cultural scene thrives at the New Jersey Performing Arts Center, which hosts Broadway-caliber shows, while the Prudential Center brings NHL action with the New Jersey Devils and major concert events. The Newark Museum of Art showcases diverse collections including Tibetan art within the historic Ballantine House. Branch Brook Park contains the largest collection of cherry blossom trees in the United States, creating spectacular spring displays. The Cathedral Basilica of the Sacred Heart stands as an architectural marvel, while the revitalized Riverfront Park provides scenic walks along the Passaic River. The dining scene features standout restaurants like Fornos of Spain serving traditional Spanish cuisine and Adega Grill offering Portuguese seafood specialties.

The housing market presents diverse options across neighborhoods. The median sale price in Newark is $415,600. Single-family homes in Forest Hill command a median price of $575,000, while similar homes in the Ironbound area have a median price of $416,000. Downtown Newark single-family homes reach a median of $834,400. Condominiums provide more affordable options, with one-bedroom units at a median price of $239,000 and two-bedroom units at $337,500.

The cost of living in Newark runs 13.9% above the national average. A family with school-age children needs approximately $120,000 annually to live comfortably, while renters should aim for $73,000. Property taxes in Essex County stand at 2.02%, slightly higher than nearby Jersey City at 1.85%. Transportation options include NJ Transit trains, PATH service to Manhattan, and Newark Light Rail. The city houses prestigious institutions including Rutgers University-Newark and New Jersey Institute of Technology. Science Park High School stands out among public schools with an A rating, while private institutions like St. Benedict's Preparatory School serve multiple neighborhoods with A-rated education.

Learn more about living in Newark

Home Trends in Newark, NJ

On average, homes in Newark, NJ sell after 48 days on the market compared to the national average of 70 days. The median sale price for homes in Newark, NJ over the last 12 months is $445,000, up 39% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$445,000

Median Single Family Sale Price

$510,000

Median Townhouse Sale Price

$450,000

Median 2 Bedroom Sale Price

$322,500

Median 1 Bedroom Sale Price

$192,000

Average Price Per Sq Ft

$314

Number of Homes for Sale

10

Last 12 months Home Sales

237

Months of Supply

0.50

Median List Price

$445,000

Median Change From 1st List Price

0%

Median Home Sale Price YoY Change

39%