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24 Willoughby St

Newark City, NJ 07112
  • $949,000
  • STATUS: Active Under Contract
  • ON SITE: 154 Days
  • MLS #: 3985115
Under Contract
UPDATED: 114 min ago
$949,000
  • 21
    BEDS
  • 0.11
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 6,952
    SQFT
  • $137
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Beautiful 4-Family Investment Opportunity in the Weequahic section of Newark! Discover this expansive side-by-side 4-family home, offering an exceptional investment opportunity in the desirable Weequahic section of Newark. Each of the 4 main units features 3 bedrooms and 1 bathroom, a large kitchen and a family room, all tastefully renovated in 2021 with newer roof, siding, and windows. The property also boasts two bonus units on the 3rd floor, each equipped with a kitchenette and full bathroom, plus a spacious basement with 7 additional rooms and 2 bathrooms, providing excellent flexibility for various uses. The property has abundant space in each unit with large bedrooms, high ceilings, large kitchens and generous sized living rooms. With a total of 21 bedrooms and 8 bathrooms across 6,952 square feet on a 50 x 100 lot, this property offers incredible versatility perfect for use as a short-term rental operation, or as a traditional multi-family investment with added income potential. Additional highlights include a backyard, proximity to transportation, shopping, dining, and schools, and the potential for strong rental returns in a high-demand area. Don't miss this rare opportunity to own a turnkey multi-family property with endless possibilities!

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-06T23:48:43.097.
www.trompeterrealestate.com/homes/167642301
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24 Willoughby St Newark City, NJ 07112

  • Price: $949,000
  • Status: Active Under Contract
  • On Site: 154 Days
  • Updated: 114 min ago
  • MLS #: 3985115
21
Beds
8
Baths
0
½ Baths
0.11
Acres
6,952
SQFT
$137
$/SQFT
1927
Built
Neighborhood:
Weequahic
County:
Essex
Area:
Newark City
Elementary School:
G Carver
Middle School:
Weequahic
High School:
Weequahic
Property Description
Beautiful 4-Family Investment Opportunity in the Weequahic section of Newark! Discover this expansive side-by-side 4-family home, offering an exceptional investment opportunity in the desirable Weequahic section of Newark. Each of the 4 main units features 3 bedrooms and 1 bathroom, a large kitchen and a family room, all tastefully renovated in 2021 with newer roof, siding, and windows. The property also boasts two bonus units on the 3rd floor, each equipped with a kitchenette and full bathroom, plus a spacious basement with 7 additional rooms and 2 bathrooms, providing excellent flexibility for various uses. The property has abundant space in each unit with large bedrooms, high ceilings, large kitchens and generous sized living rooms. With a total of 21 bedrooms and 8 bathrooms across 6,952 square feet on a 50 x 100 lot, this property offers incredible versatility perfect for use as a short-term rental operation, or as a traditional multi-family investment with added income potential. Additional highlights include a backyard, proximity to transportation, shopping, dining, and schools, and the potential for strong rental returns in a high-demand area. Don't miss this rare opportunity to own a turnkey multi-family property with endless possibilities!
Exterior Features

Approximate Lot Size 50X100 Color Of Building Light Gray Exterior Description Vinyl Siding Garage Description None Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedFull Cooling Central Air Heating 2 UnitsCent Register HeatSee Remarks Interior Features Fire ExtinguisherHigh CeilingsSee RemarksSmoke DetectorVinyl-Linoleum Floors Total Number Of Rooms 29 Unit1 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description AtticBedroomsEat-In KitchenKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit3 Rooms 5 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 3 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description AtticBedroomsEat-In KitchenKitchenLiving Room Unit4 Rooms 5 Unit4 Sq Ft 0

Property Features

Assessment Total 281600 Building Assessment 251000 Easement No Exclusions Personal tenants items. Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Home Warranty No Land Assessment 30600 Net Operating Income 0 Renovated Year 2021 Services Garbage Included Sewer Public Sewer Tax Amount 10709 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 0 Unit Style Duplex-Side by SideFourplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 0 Unit4 Security Deposit 0 Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description ApproximateRenovated Zoning R3

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-664-1500.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-06T23:48:43.097.
 
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