About This Home

This 5-bedroom, 2-bathroom residential multi family at 28 Willoughby St in Newark City, NJ is listed for $265,000. Built in 1925, on a 0.11 acres lot.

Key Features

  • Built in 1925
  • 0.11 acre lot
  • 2 stories
  • 3 parking spaces

Property Details

2 stories
2 full
3 spaces
1925
Listing Description

This 2-family property is a total mess and requires a complete rehab, with leaks present, a slanted porch, uneven floors, and major interior and exterior repairs throughout. The home is older and includes an oil tank. Being sold strictly as-is, with the buyer responsible for Smoke/CO and all municipal requirements. This is a short sale, making it ideal for seasoned investors or contractors looking for a full gut-renovation project with strong future potential.

Monthly Cost Estimate

$1,417/mo

20% down · 6.5% · 30 years

Principal$192
Interest$1,148
Insurance$77

Estimates only. Actual payments may vary.

Location

28 Willoughby St

Newark City, NJ 07112-1529

Questions & Answers

This 5-bedroom, 2-bathroom residential multi family at 28 Willoughby St is listed at $265,000. The estimated monthly payment is $1,417 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.11 acre lot, 2 stories, 3 parking spaces.

This property is listed by Eric Axelson.

EA

Eric Axelson

Agent at Real Broker LLC

Listed by Real Broker LLC · Broker phone: 8554500442 · View on Broker Site · Broker website

MLS# 4058729· Source: Garden State MLS, LLC· 18 days on PropertySimple

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

28 Willoughby St, Newark City, NJ 07112-1529

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