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40 SILVER ST

Newark City, NJ 07106-2521

8 beds
3 baths
– sqft
1,742 sqft lot
1925 build
– on site

40 Silver st is a large, fully renovated 2 family home in desirable Vailsburg section of Newark, close to everything! The flow of the layout, the abundant windows, and the tall ceilings make both apartments feel open and spacious. 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.

Listing courtesy of GSMLS / SILVIO LAVRADOR / RE/MAX SELECT

Last checked: Checking… • Last updated Apr 10, 2024 •

MLS# 3892857 —

The Building

Construction Date/Year Built:

1925
Unit Style:

3-Three Story
Roof Description:

Asphalt Shingle
Exterior Description:

Vinyl Siding
Basement:

Yes
Total # of Units:

2

Interior

Total # of Rooms:

18
Basement Description:

Unfinished

Location

Directions:

Sanford ave going north, right on Silver st.
Latitude:

40.74318
Longitude:

-74.23191

The Property

Lot Identifier:

3
Approx Lot Size:

35 Sqft
Total Acres:

0 Sqft
Easements:

No
Assessment Land:

16400
Assess Amt Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID For Property:

1614-04109-0000-00003-0000-
Tax Year:

2023
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2023
Tax Rate Amount:

3.728
Tax Amount:

$5,271
Tax Amount:

$*
Lot ID Tax:

*
Lot Size Tax:

*
Acres Tax:

$*
Block ID Tax:

*
City Tax:

$*
County Tax:

$*
Zip Code Tax:

*

Beds

# of Bedrooms:

8
Unit 1 Bedrooms:

3
Unit 2 Bedrooms:

5

Baths

Total # of Baths:

3.00
Total # of Full Baths:

3
Unit 1 Baths:

1.0
Unit 2 Baths:

2.0

Heating & Cooling

Heating:

2 Units, Forced Hot Air

Utilities

Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Sewer

The Community

Assessment Total:

141400
Assessment Total Tax:

*
Assessment Bldg:

125000
Assess Amt Bldg Tax:

*

Parking

Garage Description:

None
# of Parking Spaces:

3
Parking/Driveway Description:

1 Car Width

Extra Units

Unit 1 SqFt:

1000
Unit 2 SqFt:

1500
Unit 1 Levels:

1
Unit 2 Levels:

2
Unit 1 Rooms:

7
Unit 2 Rooms:

8
Unit 1 Handicap Modified:

No
Unit 2 Handicap Modified:

No
Unit 1 Room Description:

Bedrooms, Dining Room, Kitchen, Living Room
Unit 2 Room Description:

Bedrooms, Dining Room, Kitchen, Living Room
Unit 1 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas
Unit 2 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/10/24 Apr 10, 2024	Sold Subject To Contingencies	GSMLS	$549,900
3/26/24 Mar 26, 2024	Listed / Active	GSMLS	$549,900

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This multifamily located in Lower Vailsburg, Newark, NJ 07106-2521 is currently for sale for $549,900. 40 SILVER ST is a – square foot multifamily with 8 beds and 3 baths that has been on Estately for 32 days. 40 SILVER ST is in the Lower Vailsburg neighborhood of Newark and has a WalkScore® of 74, making it very walkable. This multifamily is in the attendance area of Lincoln Elementary School, Boylan Early Childhood Center, Ivy Hill Elementary School, Mount Vernon School, Speedway School, Early Childhood School West, South 17 Th Street Elementary School, West Side High School, Harriet Tubman School, and John F. Kennedy School.

Listing courtesy of GSMLS / SILVIO LAVRADOR / RE/MAX SELECT

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