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70 Orchard St

Newark City, NJ 07102
  • $995,000
  • STATUS: Active Under Contract
  • ON SITE: 41 Days
  • MLS #: 3949787
Under Contract
UPDATED: 99 min ago
$995,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2002
County:
Area:

School Ratings & Info

Description

Location, Location, Location! This exceptional property is within walking distance to Penn Station and the vibrant downtown area, offering convenient access to top amenities like the Prudential Center, Whole Foods, and much more. In 2024, this home generated an impressive $124,850 in AirBNB gross income. Home will be delivered vacant are ready for you to move into. Although built in 2002, the current owner has tastefully updated the entire home, blending modern finishes with timeless charm. The ground floor is fully finished and includes a private room, open concept living area and full bath perfect for guests or additional income potential. The first floor unit boasts 3 bedrooms, 2 full baths, a spacious living and dining room and kitchen. The second floor unit also features 3 bedrooms, 2 baths, a large living and dining room, kitchen and office/walk-in storage unit. There is a garage and additional parking in the backyard. A truly unique property in a prime location!

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Garden State MLS logo © 2025 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 Corcoran Baer & McIntosh. 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 Corcoran Baer & McIntosh 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 2025-04-18T23:46:06.557.
www.baerhomes.com/homes/161249457
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70 Orchard St Newark City, NJ 07102

  • Price: $995,000
  • Status: Active Under Contract
  • On Site: 41 Days
  • Updated: 99 min ago
  • MLS #: 3949787
6
Beds
5
Baths
0
½ Baths
0.05
Acres
2002
Built
Neighborhood:
Downtown Walk Penn Station
County:
Essex
Area:
Newark City
Property Description
Location, Location, Location! This exceptional property is within walking distance to Penn Station and the vibrant downtown area, offering convenient access to top amenities like the Prudential Center, Whole Foods, and much more. In 2024, this home generated an impressive $124,850 in AirBNB gross income. Home will be delivered vacant are ready for you to move into. Although built in 2002, the current owner has tastefully updated the entire home, blending modern finishes with timeless charm. The ground floor is fully finished and includes a private room, open concept living area and full bath perfect for guests or additional income potential. The first floor unit boasts 3 bedrooms, 2 full baths, a spacious living and dining room and kitchen. The second floor unit also features 3 bedrooms, 2 baths, a large living and dining room, kitchen and office/walk-in storage unit. There is a garage and additional parking in the backyard. A truly unique property in a prime location!
Exterior Features

Approximate Lot Size 2;300 SF Exterior Description BrickVinyl Siding Exterior Features Metal Fence Garage Description Attached Garage Lot Description Corner Number Of Parking Spaces 4 Parking Driveway Description 2 Car WidthAdditional ParkingDriveway-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement No Cooling 2 UnitsCentral Air Heating 2 UnitsForced Hot Air Interior Features Carbon Monoxide DetectorSmoke DetectorWood Floors Total Number Of Rooms 16 Unit1 Appliances Equipment DishwasherMicrowave OvenRange/Oven - GasRefrigerator Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenLiving/Dining RoomStorage Unit1 Rooms 7 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment DishwasherMicrowave OvenRange/Oven - GasRefrigerator Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomEat-In KitchenLiving/Dining Room Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Rooms 3

Property Features

Assessment Total 239100 Building Assessment 202600 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 124850 Land Assessment 36500 Net Operating Income 0 Renovated Year 2018 Sewer Public Available Tax Amount 9092 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 3900 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 3600 Unit2 Security Deposit 0 Utilities Gas In Street Water Public Water Year Built Description RenovatedStanding

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-664-1500.


Garden State MLS logo © 2025 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 Corcoran Baer & McIntosh. 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 Corcoran Baer & McIntosh 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 2025-04-18T23:46:06.557.
 
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