58 3rd St
Newark, NJ 07107
Fairmount- 9 Beds
- 3 Baths
- 3,888 sqft
9 Beds
3 Baths
3,888 sqft
Local Information
-- mins to
Description
Attention all investors... Amazing 3 family investment property walking distance to Rutger University. Each unit has 3 bedrooms 1 full and 1 half bathroom. This property is easy to show with 2 vacant properties on the 2nd and 3rd floors.This is an income generating machine which isn't going to last long. Property is being sold strictly AS/IS.
58 3rd St, Newark, NJ 07107 is a 9 bedroom, 3 bathroom, 3,888 sqft multi-family in Fairmount, built in 1929. It last sold for $251,000 on Dec 27, 2017. More recently, it was listed as a rental in April 2015 with an asking price of $1,450 per month. That rental listing was removed on May 20, 2015. It is currently off market. The Trulia Estimate is $692,500, with a rent estimate of $1,893/month.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 58 3rd St
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Heating & Cooling Heating: Forced Air, GasHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Floors: Hardwood |
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Year Built Year Built: 1929 |
Property Type / Style Property Type: Multi Family |
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Exterior Home Features Exterior: Vinyl |
Parking & Garage Parking: On Street |
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Units in Building: 3 |
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Lot Area: 2178 sqft |
Price History for 58 3rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 12/27/2017 | $251,000 | Sold | GSMLS #3420389 |
| 11/06/2017 | $230,000 | PendingToActive | Agent Provided |
| 11/06/2017 | $230,000 | Pending | Agent Provided |
| 10/03/2017 | $230,000 | PendingToActive | Agent Provided |
| 10/03/2017 | $230,000 | Pending | Agent Provided |
| 09/25/2017 | $230,000 | Listed For Sale | Agent Provided |
| 05/20/2015 | $1,450 | ListingRemoved | Agent Provided |
| 04/29/2015 | $1,450 | Listed For Rent | Agent Provided |
| 03/14/2001 | $47,000 | Sold | N/A |
Market trends in Newark
Last updated May 2026
Avg. sale price
$453K
$16.67KMoM
Sale-to-List Price
101.7%
1.1%MoM
Price per sq ft
—
Available listings
241
1MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $7,266 |
| Assessment | $181,700 |
Home facts updated by county records
Comparable Sales for 58 3rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.44 | Multi-Family Home | $300,812 | 09/30/25 | 8 | 3 | 2,583 | |
0.27 | Multi-Family Home | $560,000 | 09/22/25 | 10 | 4 | 2,865 | |
0.26 | Multi-Family Home | $228,000 | 05/12/26 | 6 | 3.5 | 1,602 | |
0.27 | Multi-Family Home | $685,000 | 08/11/25 | 7 | 3 | 2,162 | |
0.41 | Multi-Family Home | $800,000 | 04/02/26 | 6 | 3 | 3,364 | |
0.36 | Multi-Family Home | $2,115,000 | 06/05/26 | 9 | 3 | 3,207 | |
0.63 | Multi-Family Home | $526,000 | 08/22/25 | 8 | 3 | 3,500 | |
0.44 | Multi-Family Home | $650,000 | 04/15/26 | 8 | 3 | 2,529 | |
0.59 | Multi-Family Home | $407,500 | 01/12/26 | 6 | 3 | 9,999 | |
0.77 | Multi-Family Home | $444,100 | 08/12/25 | 6 | 2.5 | 2,613 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 58 3rd St.
What Locals Say about Fairmount
At least 180 Trulia users voted on each feature.
86 % Say there are sidewalks
70 % Say it's walkable to grocery stores
68 % Say it's dog friendly
68 % Say yards are well-kept
66 % Say car is needed
57 % Say streets are well-lit
54 % Say there's holiday spirit
52 % Say it's walkable to restaurants
52 % Say kids play outside
46 % Say parking is easy
44 % Say they plan to stay for at least 5 years
39 % Say neighbors are friendly
35 % Say it's quiet
34 % Say there's wildlife
33 % Say people would walk alone at night
29 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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