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86 88Chancellor Ave

Newark City, NJ 07112
  • $350,000
  • STATUS: Active
  • ON SITE: 211 Days
  • MLS #: 3992709
UPDATED: 44 min ago
$350,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
Type:
Single-Family Home
Built:
1920
County:
Area:

School Ratings & Info

Description

Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.

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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 2026-05-15T21:49:13.43.
www.trompeterrealestate.com/homes/168913359
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86 88Chancellor Ave Newark City, NJ 07112

  • Price: $350,000
  • Status: Active
  • On Site: 211 Days
  • Updated: 44 min ago
  • MLS #: 3992709
3
Beds
1
Baths
2
½ Baths
0.11
Acres
1920
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.
Exterior Features

Approximate Lot Size 50X100 Color Of Building Beige Exterior Description Brick Exterior Features Open Porch(es) Parking Driveway Description None Pool No Primary Style Ranch Roof Description Asphalt Shingle Style Ranch

Interior Features

Appliances Sump Pump Basement Yes Basement Description Unfinished Cooling Central Air Flooring Carpeting Ground Level Rooms 3BedroomBathMainKitchenLivDinRm Heating Baseboard - Cast Iron Kitchen Area See Remarks Number Of Fireplaces 0 Number Of Rooms 6

Property Features

Assessment Total 197700 Block Identifier 3690 Building Assessment 87700 Community Living No Easement No Fha Age Restricted No Fuel Type Gas-Natural Land Assessment 110000 Possible Other Uses Business/CommercialHome-Office Sewer Public Sewer Sub Property Type Single Family Tax Amount 7518 Tax Rate Amount 3.803 Tax Year 2024 Utilities ElectricGas-Natural Water Public Water Year Built Description Historical Zoning Commercial

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 973-861-3653.


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 2026-05-15T21:49:13.43.
 
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