179 Thomas St
Newark City, NJ 07114-2730
- 12 beds
- 4.5 baths
- – sqft
- 1890 build
- – on site
Discover an exceptional investment opportunity a 3-unit property with a legal basement unit generating an impressive $6,700 in monthly rental income. Perfect for savvy buyers seeking passive income, or house hack! This property includes a double lot next door for parking for 12+ cars, a rare find in Newark! Conveniently located just 2 blocks from Route 21, a 6-minute drive to Newark Liberty International Airport, and 6 minutes to Newark Penn Station, this property offers an easy commute to NYC. Recently updated with new mechanicals it has been well maintained, and with plenty of potential upside or add value! Whether you're expanding your portfolio or searching for a multi-family home to occupy, this property is the one! Don't miss out schedule your viewing today!
Last checked:
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Last updated May 17, 2025
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MLS# 3963843 —
The Building
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Construction Date/Year Built:1890
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Unit Style:Fourplex
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Roof Description:Flat
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Exterior Description:Vinyl Siding
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Basement:Yes
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Total # of Units:4
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Building SqFt:4,760 Sqft
Interior
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Total # of Rooms:20
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Basement Description:Finished, Full
Financial & Terms
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Possession:At closing
Location
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Directions:Hermon St & Thomas St
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Latitude:40.72175
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Longitude:-74.17289
The Property
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Approx Lot Size:43 Sqft
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Lot Identifier:38
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Easements:No
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Assessment Land:38500
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Agent phone:
- (973) 577-4448
- Office phone:
- (855) 450-0442
Taxes
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Tax ID For Property:1614-01186-0000-00038-0000-
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Tax Year:2024
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2024
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Tax Rate Amount:3.803
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Tax Amount:$8,305
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Lot ID Tax:*
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Block ID Tax:*
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City Tax:$*
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County Tax:$*
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Zip Code Tax:*
Beds
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# of Bedrooms:12
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Unit 1 Bedrooms:3
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Unit 3 Bedrooms:3
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Unit 2 Bedrooms:3
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Unit 4 Bedrooms:3
Baths
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Total # of Baths:4.10
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Total # of Full Baths:4
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Total # of Half Baths:1
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Unit 1 Baths:1.0
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Unit 2 Baths:1.0
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Unit 3 Baths:1.0
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Unit 4 Baths:1.0
Heating & Cooling
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Cooling:Window A/C(s)
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Heating:4+ Units, Baseboard - Electric, Baseboard - Hotwater
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Water Heater:Gas
Utilities
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Utilities:Electric, Gas-Natural
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Water:Public Water
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Fuel Type:Gas-Natural
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Sewer:Public Sewer
The Community
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Assessment Total:197800
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Assessment Total Tax:*
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Assessment Bldg:159300
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Assess Amount Building Tax:*
Parking
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# of Parking Spaces:12
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Parking/Driveway Description:Driveway-Exclusive
Extra Units
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Unit 1 SqFt:1190
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Unit 2 SqFt:1190
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Unit 3 SqFt:1190
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Unit 4 SqFt:1190
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Unit 1 Levels:1
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Unit 2 Levels:1
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Unit 3 Levels:1
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Unit 4 Levels:1
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Unit 1 Rooms:5
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Unit 2 Rooms:5
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Unit 3 Rooms:5
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Unit 4 Rooms:5
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Unit 1 Handicap Modified:No
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Unit 2 Handicap Modified:No
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Unit 3 Handicap Modified:No
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Unit 4 Handicap Modified:No
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Unit 1 Room Description:Bedrooms, Kitchen, Living/Dining Room
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Unit 2 Room Description:Bedrooms, Kitchen, Living/Dining Room
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Unit 3 Room Description:Bedrooms, Kitchen, Living/Dining Room
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Unit 4 Room Description:Bedrooms, Kitchen, Living/Dining Room
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Unit 1 Appliances/Equipment:See Remarks
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Unit 2 Appliances/Equipment:See Remarks
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Unit 3 Appliances/Equipment:See Remarks
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Unit 4 Appliances/Equipment:See Remarks
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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5/17/25
May 17, 2025
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Coming Soon | GSMLS | $849,000 |