New
$589,999
6 bd · 2 ba · · 3,049 sqft lot
48 Salem St, Newark, NJ 07106
Multi-family · Built 1925 ·
$3,497/mo est. payment
- Stories
- 2
Flood factor 1/10
About this home
Move right into this newly renovated two-family home at 48 Salem Street in Newark! Both units feature identical floor plans that include hardwood floors throughout, stainless steel appliances, quartz countertops, washer/dryer hookups, spacious bedrooms, and inviting living areas. Off-street parking and a garage add valuable convenience! Looking to own and invest at the same time? Live in one unit and rent the other to help offset housing costs, or explore the income potential of both units. A two-family home offers flexibility for owner-occupants and investors alike, with an opportunity to build your real estate portfolio in Newark?s established market. A renovated two-family home with parking, a garage, and owner-occupant potential is ready for its next chapter. Schedule your showing and explore the possibilities at 48 Salem Street! Financing opportunity: Through the seller?s preferred lender, qualified buyers may be eligible for a conventional loan with a fixed 5.2% interest rate, 5.3% APR, 5% down, and no PMI. Seller concessions toward closing costs may also be available with a qualifying offer. Loan terms, eligibility, and program details apply; inquire for details.
Facts and features
Bedrooms
- Bedrooms: 6
Other Rooms
- Total Rooms: 10
- Basement Description: Unfinished
Bathrooms
- Total Bathrooms: 2.00
- Full Bathrooms: 2
Heating and Cooling
- Heating Features: Forced Hot Air
- Heating Fuel: Gas-Natural
- Heating: Yes
Garage and Parking
- Driveway: 1 Car Width, Blacktop
- Garage Description: Detached Garage, Garage Parking
- Parking Total: 3
Land Info
- Lot Size Acres: 0.07
- Lot Size Dimensions: 46.1X63.10
- Lot Size Square Feet: 3049
Multi-Unit Info
- Number of Units: 2
- Bedrooms in Unit-1: 3
- Bedrooms in Unit-2: 3
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Rooms in Unit-1: 5
- Total Rooms in Unit-2: 5
- Unit-1 Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Other Property Info
- Annual Tax Amount: 5982
- Source Listing Status: Active
- County: Essex
- Directions: S Orange Ave to Salem St
- Tax Year: 2025
- Source Property Type: Multi-Family
Schools
- 4
Chancellor Avenue Elementary School
elementary · K-8 · 2.5 mi
Growing Garden Preschool & Kindergarten
elementary · PK-K · 0.1 mi
- 4
Newark School Of Data Science and Information Technology
high · 9-12 · 0.7 mi
Vailsburg Christian Academy
elementary · 1-4 · 0.1 mi
- 3
Lincoln Elementary School
elementary · K-8 · 0.3 mi
Zion Learning Center
elementary · K · 0.3 mi
Price history
- Nov 7, 2026 · Listed$589,999
- Nov 4, 2026 · Listing Removed—
- Aug 15, 2026 · Relisted$599,999
- Jul 6, 2026 · Listing Removed—
- Jul 2, 2026 · Listed$599,999
- Aug 22, 2017 · Sold$95,000
- May 15, 2006 · Sold$165,000
Tax history
- 2025$5,982 tax · $149,600 assessed
- 2024$5,689 tax · $149,600 assessed
- 2023$5,577 tax · $149,600 assessed
- 2022$5,589 tax · $149,600 assessed
- 2021$5,586 tax · $149,600 assessed
- 2020$5,684 tax · $149,600 assessed
- 2019$5,626 tax · $149,600 assessed
- 2018$5,524 tax · $149,600 assessed
Home value
$597,200
- Cotality$597,200
- Collateral Analytics$484,000
Where it is
Listed by Cooper McKelvey Real Estate Co. · COOPER MCKELVEY REAL ESTATE CO. · GardenState
