86 Chancellor Ave #1, Newark City, NJ 07112

Local realty services provided by:Better Homes and Gardens Real Estate PorchLight Properties
86 Chancellor Ave #1,Newark City, NJ 07112
$350,000
  • 3 Beds
  • 3 Baths
  • - sq. ft.
  • Single family
  • Pending
Listed by:darrell bailey
Office:exp realty, llc.
MLS#:3928614
Source:NJ_GSMLS

Price summary

  • Price:$350,000

About this home

Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Current usage is commercial. It is in a residential zone and the usage would need to be converted. Property does not

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Home facts

  • Year built:1940
  • Listing Id #:3928614
  • Added:312 day(s) ago
  • Updated:August 13, 2025 at 08:35 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:1
  • Half bathrooms:2

Heating and cooling

  • Cooling:Central Air
  • Heating:1 Unit

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1940
  • Lot area:0.11 Acres

Schools

  • High school:CHANCELLOR
  • Middle school:CHANCELLOR
  • Elementary school:CHANCELLOR

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$350,000
  • Tax amount:$7,370 (2023)
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