72 Sunset Ave, Newark City NJ 07106

$699,500
Active
Newark City
Bedrooms
9

About this home

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.

Taxes & fees

Annual property tax
$11,081
Tax year
2025
Tax rate
3.999

Property details

Year Built
1915
Roof (*text)
Asphalt Shingle, Flat
Lot Size Area
0.14
MLS #
4045728

Features & amenities

Year Built (*numeric)
1915
Basement
Yes
Roofing (*text)
Asphalt Shingle, Flat
Days on market
16
Basement (*text)
Yes
Cooling (*text)
2 Units, Central Air
Garage spaces
3
Heating
2 Units, Forced Hot Air
Lot dimensions
62.6X100
Property Location

40.74341, -74.22602

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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