About This Home

This 8-bedroom, 5-bathroom residential multi family at 316 Ellery Ave in Newark City, NJ is listed for $750,000. Built in 1952, on a 0.11 acres lot.

Key Features

  • Built in 1952
  • 0.11 acre lot
  • 4 parking spaces

Property Details

4 full, 1 half
4 spaces
1952
Listing Description

Welcome to this EXTREMELY RARE FOUR FAMILY investment opportunity in Newark's sought-after Vailsburg section this four-family fixer-upper offers exceptional potential, solid structure, and an unbeatable location just minutes from Seton Hall University.

Perfect for investors, owner-occupants, or anyone looking to add value through renovation. This multi-family home sits on a quiet residential block with classic Newark character. With the right vision, it can be transformed into a high-performing income property. The parking availability alone sets it apart rare for the area and highly desirable for tenants. Its proximity to Seton Hall and South Orange adds consistent rental demand and long-term stability. 203k loans and hard money loans are welcome!

Monthly Cost Estimate

$4,011/mo

20% down · 6.5% · 30 years

Principal$542
Interest$3,250
Insurance$219

Estimates only. Actual payments may vary.

Location

316 Ellery Ave

Newark City, NJ 07106

Questions & Answers

This 8-bedroom, 5-bathroom residential multi family at 316 Ellery Ave is listed at $750,000. The estimated monthly payment is $4,011 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1952, 0.11 acre lot, 4 parking spaces.

This property is listed by ADRIAN AGRAMONTE.

AA

ADRIAN AGRAMONTE

Agent at Better Homes and Gardens RE Elite

Listed by Better Homes and Gardens RE Elite · Broker phone: (908) 316-8530 · View on Broker Site

MLS# 4020415· Source: Garden State MLS, LLC· 199 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.

316 Ellery Ave, Newark City, NJ 07106

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