72 Sunset Ave

Newark City, NJ 07106


 

Price: $699,500

GSMLS:  4045728
Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 9
Baths: 3 Full
Garage: 3-Car
Year Built: 1915
Acres: 0.14
Property Tax: $11,081
Description
Open House Saturday 12PM–2PM.
Welcome to an exceptional two family opportunity where space, location, and income potential come together! Beautifully renovated across three floors on an oversized double lot. This home delivers the scale, flexibility, and cash-flowing potential today's buyers want and just minutes from Seton Hall University, South Orange, and the Garden State Parkway. Step through a sunny front porch into sun drenched interiors with hardwood floors, central HVAC, and stylish kitchens featuring Samsung appliances, granite countertops, and abundant cabinetry overlooking a sprawling backyard built for entertaining. Both units offer flexible 3"4 bedroom layouts, separate living and dining areas, and a bonus sunroom perfect as a home office, or playroom & porch access. Fully finished basement adds massive value with a full bath and stall shower, laundry, potential kitchenette, extra rooms, recreation space, and abundant storage. Outside, enjoy a fenced yard, extended driveway, and a rare oversized three car garage delivering parking most buyers only dream of. Rents estimated at $3,500"$4,000 for the first-floor unit inc basement. Alternatively $2,500"$3,000 per unit, plus potential income from parking and laundry creating a true cash-flowing asset. Minutes to major highways, Newark Airport, and NYC transit. Qualified buyers may access grant programs through approved lenders for down payment, closing cost. Home has been virtually staged in the interim.
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Finished, Full
Interior:
Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Stain Glass Windows, Tile Floors, Wood Floors
Roof:
Asphalt Shingle, Flat
Exterior:
Brick, Vinyl Siding
Lot Size:
62.6X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
3-Car
Description:
Detached Garage, Garage Parking, Oversize Garage
Parking:
1 Car Width, Additional Parking, Concrete, Off-Street Parking
Spaces Available:
6
Unit 1
Bedrooms:
6
Bathrooms:
2
Total Rooms:
12
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Storage, Sunroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
9
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Storage, Sunroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Central Air
Water Heater:
Electric
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground, Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,500
Tax Amount:
$11,081
Land Assessment:
$20,900
Build. Assessment:
$256,200
Total Assessment:
$277,100
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4045728
List Date:
08-08-2026
Days On Market:
4
Listing Broker:
RE/MAX FIRST REALTY II
Listing Agent:
Darrell Bailey
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BoulderRidgeNJ.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008


Shawn and Diane Fox