79 Walnut St, Newark, NJ 07102
Property image
Property image
OFF MARKET

$662,800

Trulia Estimate
as of Aug 30, 2026
  • Studio
  • 1 Bath
  • 500 sqft
  • Studio
  • 1 Bath
  • 500 sqft

79 Walnut St, Newark, NJ 07102

Central Business District

Home Highlights

Property Type
Apartment
Year Built
1888
Living Area
500 sqft
Price/Sqft
$1,326

Local Information

  • Map ViewExplore the area around 79 Walnut St.
  • Schools1 Preschool School1 Elementary School1 Middle School7 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

No broker fees! Access to laundry room included in rent!

This is a BASEMENT studio apartment (ceiling is low this apartment is best for anyone 5'9" and shorter).

The house is located Downtown Newark right next door to City Hall, Federal buildings, Prudential Center, NJ PAC and so much more! And it is less than 10 minute walk to Newark Penn Station!Be in Midtown New York in 25 minutes!! You can't beat this location for this price!

This a newly completely renovated studio BASEMENT apartment located in the multi-family home. Apartment is just completely renovated. Apartment has bright lights, windows, two exits, a wall mini split, for temperature control, walk in closet and storage space, kitchen island that rolls away for extra countertop space. Come see this stylish apartment.

This basement has waterproofing, full french drains system, sump pump to ensure water does not get in.

Rent includes full access to shared laundry space! 1 Parking space available for extra monthly fee!

Maximum 2 people can live in this apartment.

 Interested parties must fill out application and be able to provide last 3 months rent receipts and bank statements to confirm , last 3 months paystubs, current landlord number for reference check, current employer number for employment verification.

Security deposit is 1.5 months rent. No broker fees!

Section 8 and housing programs welcome!

No broker fees. 1.5 security deposit.

Month to month lease offered.

Owner pays water, gas, hot water, sewage, trash. Tenant pays electricity; electrical use will be assessed by electric monitor system and tenant will pay for electrical useage.

Access to shared laundry included included rent.

NO SMOKING of any kind in apartment at all.

1 parking spot available in gated parking lot in back of the house for extra $100/month.

No dogs. Cats may be considered with application and pet deposit.
79 Walnut St, Newark, NJ 07102 is a studio, 1 bathroom, 500 sqft apartment in Central Business District, built in 1888. It last sold for $330,000 on May 27, 2016 (27,400% above the $1,200 asking price). More recently, it was listed as a rental in June 2026 with an asking price of $1,200 per month. That rental listing was removed on June 17, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $662,800, with a rent estimate of $2,376/month.

Home Details for 79 Walnut St

Interior Features

Heating & Cooling
Heating: Wall FurnaceAir ConditioningCooling System: Wall UnitHeating Fuel: Wall Furnace
Appliances & Utilities
Refrigerator
Levels, Entrance, & Accessibility
Floors: Tile

Property Information

Year Built
Year Built: 1888
Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 MonthAvailable: now

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Comparable Sales for 79 Walnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
81 Columbia St, Newark, NJ
0.05
Apartment
$650,000
05/06/26
2
1
650 sqft
145 Sherman Ave, Newark, NJ
1.07
Apartment
$615,000
03/17/26
3
1
995 sqft
95 Vaughan Dr #818, Newark, NJ
0.95
Apartment
$363,400
06/04/26
2
2
1,600 sqft
46 Hudson St, Newark, NJ
1.44
Apartment
$528,750
06/23/26
2
1
750 sqft
308-310 Passaic Ave #403, East Newark, NJ
1.34
Apartment
$295,000
09/09/25
2
2
807 sqft
88 Saint Francis St #1202, Newark, NJ
1.36
Apartment
$365,000
01/12/26
2
2
1,113 sqft
42 Crawford St, Newark, NJ
0.49
Apartment
$510,000
10/06/25
1
1
-
119 Hudson St, Newark, NJ
1.36
Apartment
$319,094
03/23/26
4
2
1,600 sqft
58 Union St #201, Newark, NJ
0.41
Apartment
$2,200
10/20/25
2
1
-
422-424 William St, Harrison, NJ
1.56
Apartment
$1,050,000
12/23/25
2
1
2,770 sqft
Home facts updated by county records

Nearby homes

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Around this home

Neighborhood Overview

Central Business District
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central Business District

At least 184 Trulia users voted on each feature.

  • 84 % Say there are sidewalks

  • 82 % Say it's walkable to grocery stores

  • 79 % Say it's walkable to restaurants

  • 76 % Say it's dog friendly

  • 68 % Say streets are well-lit

  • 55 % Say there's holiday spirit

  • 50 % Say car is needed

  • 48 % Say they plan to stay for at least 5 years

  • 46 % Say yards are well-kept

  • 44 % Say kids play outside

  • 44 % Say neighbors are friendly

  • 41 % Say there are community events

  • 41 % Say parking is easy

  • 40 % Say people would walk alone at night

  • 38 % Say it's quiet

  • 25 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Ryangsnyder
    "Path train is easy to get to at Newark Penn. it’s a brief walk to the station. I’ve taken the buses a few times. They are very timely to the minute. "
    0
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  • Nalleli Jerez
    "There are many families around. And many schools. They are good over all but you need to know your kid so you can use a school system that works for you. Many schools have cero tolerance policies but many kids do not do good on those environments. "
    0
    Flag
  • Nalleli Jerez
    "There is no a park for dogs but there is walking distance parks that people with dog can go to run and to play with their dogs. "
    0
    Flag
  • Martina Solej
    "Great commute with Path or NJ transit blocks away. If you live further you can get on the light rail to get to the trains for NYC."
    1
    Flag
  • Martina Solej
    "Very little activities and parks for children. Not kid friendly and no do parks. No where to sit outside and have a coffee."
    0
    Flag
  • Trulia User
    "It’s close to many businesses so it can be loud at times. Quiet and peaceful at night. It can be hot in the warmer weather."
    0
    Flag
  • Joslyn B. D.
    "I can walk to work but I drive and its about 5 minutes. Easy access to stores and restaurants. Great views. "
    0
    Flag
  • Joslyn B. D.
    "2 minute commute. Work and live downtown. Will walk when I learn the neighborhood better. Shortest commute ever. "
    1
    Flag
  • Juan P. J.
    "You see people walking their dogs all the time. Tons of restaurants to eat at and great arts and cultural center NJPAC and beautiful concert and sports arena Prudential Center"
    0
    Flag
  • Kareisha.questel
    "I first moved downtown with my dog who grew up in the suburbs so there was a bit of an adjustment when there was no grass along the sidewalks for him."
    1
    Flag
  • Lauren C.
    "My commute is luxurious, a 7 minute walk down the block. My favorite thing about living here. No need for a car if you live and work in Downtown Newark. "
    3
    Flag
  • Lauren C.
    "Awesome. I walk to work and there’s multiple coffee and food establishments en route. Whole Foods is a big plus!"
    2
    Flag
  • Marcusmaliah@gmail.com
    "I’ve lived hear for almost a year, it’s a luxury building for young professionals and older retirees. It’s dog friendly, and safe, but like anywhere be mindful of your surroundings."
    14
    Flag
  • Marcusmaliah@gmail.com
    "Their are dog owners in this neighborhood, they walk their dogs all times of night, it’s pretty safe but for me I wouldn’t I’m a female."
    1
    Flag
  • Ashley P.
    "Street festivals and other events downtown newark. Whole Foods, petco and new restaurants and summer events are great. "
    3
    Flag
  • Marcusmaliah@gmail.com
    "Theirs lots of events for kids at the local performing arts center, and near by prudential center. Their is also a Whole Foods in walking distance, and an urgent care station as well."
    2
    Flag
  • chappel.bill
    "I have lived in this neighborhood 35 years. Friendly neighbors.Dog friendly. Great library and museum. Great public transportation."
    10
    Flag
  • Paul R.
    "museum events, concerts, sports events, arts events, jazz nights, restaurant week, festivals, bars, cultural events, movie nights, cultural events."
    2
    Flag
  • Felsonj
    "Beautiful architecture; neighborhood in transition; good access to downtown and midtown NYC; great potential for additional development, both residential and commercial"
    8
    Flag
  • Stevescott517
    "Newark cbd? It will be like grove street soon enough. celebrity chefs, gourmet coffee, fancy wine, pet store, health clinic, whole foods, starbucks, tech jobs, finance jobs, the place is blowing up! "
    6
    Flag
  • Local_Professor
    "This area is at the heart of 4 Colleges/Universities (Rutgers, UMDNJ, NJIT, & Berkley College). Very diverse community because of the college kids and faculty living in the area. Patrolled by Newark's police department, Rutger's Police Department & NJIT police department at the same time 24/7. One block away from train station to NY and Newark path (Commute to NYC is about 15 min!) and 15 min drive to Newark International Airport. In the middle of the historic district surrounded by brownstone houses. Targeted by city officials, state planners, and national non-profits for urban renewal. Mayor Hospital (Saint Michale's) 2 blocks away. Blue ribbon school around the corner. Newark's Museum and public library 3 blocks away. Park with summer farm market at walking distance.Area is included in the Downtown district plans so it is reduced property tax and reduce commerce/sales tax. Community involvement is a plus in this area with a very active Neighborhood association with a focus on community development and historical preservation."
    11
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jun 17, 2026
Source: Zillow Rentals
ListingRemoved
$1,200
Jun 2, 2026
Source: Zillow Rentals
Listed For Rent
$1,200
Mar 24, 2021
Source: N/A
ListingRemoved
Feb 6, 2020
Source: N/A
ListingRemoved
$1,500
Jan 16, 2020
Source: N/A
PriceChange
$1,500
Price decreased by 6%

Frequently asked questions about 79 Walnut St

  • What is 79 Walnut St estimated to be worth?
    Trulia's estimated value for 79 Walnut St in Newark, NJ is $662,800.
  • What is the price history for 79 Walnut St?
    79 Walnut St in Newark, NJ last sold for $330,000 in May 2016.
  • Is Newark a buyer's or seller's market?
    Newark is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Newark?
    The median sale price in Newark is $507K. That is up $31.67K from the prior month.
  • Does 79 Walnut St have air conditioning?
    Yes, 79 Walnut St in Newark, NJ has air conditioning.
  • Does 79 Walnut St have parking?
    Yes, 79 Walnut St in Newark, NJ has on-site parking.

Homes for rent near 79 Walnut St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
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Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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