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$350,000
86-88 Chancellor Avenue, Newark, NJ, 07112
MLS# 25037184
3
Bedrooms
3
Bathrooms
2
Half Baths
0.115 acres (5,000 sqft)
Lot Size
1900
Year Built
Residential — Ranch
Property Type
0
Garage
Description
Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.
Tax & Financial Information
| Annual Property Taxes | $7,519 (NJ Public Records) |
| Tax Assessment | $197,700 |
| Land Assessment | $110,000 |
| Listed | October 15, 2025 |
Property Features
Interior
- ✓Heating: Baseboard,Gas
- ✓Basement: Full
Listing Information
Listing Office: EXP Realty, LLC — 866-201-6210
Listing Agent: Pruvi Pierre — 973-861-3653 — pruvipierre@gmail.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 3/5/2026.
Total Monthly Cost
$2,881/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $70,000 | Loan: $280,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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