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$545,000
38-40 Nairn Place, Newark, NJ, 07108
MLS# 26009758
5
Bedrooms
4
Bathrooms
1
Half Baths
0.115 acres (5,000 sqft)
Lot Size
1900
Year Built
Residential — Colonial
Property Type
2
Garage
Description
Welcome to this spacious and elegant Victorian-style home located on a quiet residential street in Newark. offering approximately 2,300 square feet of living space, this impressive property features 5 generously sized bedrooms and 3.5 bathrooms, providing ample room for comfortable living.Blending timeless charm with modern updates, the home showcases a beautiful wrap-around porch, high 9-foot ceilings, and hardwood floors throughout the main level, creating a bright and inviting atmosphere. The kitchen features granite countertops and plenty of space for cooking and entertaining.The layout, multiple levels, and existing separate entrances make this property ideal for a multi-family conversion or income-producing setup. The full finished basement adds valuable flexible space, perfect for extended living, recreation, or additional unit potential.Additional highlights include a newer roof and water heater for added peace of mind.Situated on a sizable lot, the property also includes a private driveway and a detached 2-car garage, offering ample off-street parking.A rare opportunity to own a large, character-filled home with versatility and strong income potential ideal for homeOwners, investors, or multi-generational living.
Tax & Financial Information
| Annual Property Taxes | $8,180 (NJ Public Records) |
| Tax Assessment | $215,100 |
| Land Assessment | $34,400 |
| Original List Price | $560,000 |
| Listed | March 24, 2026 |
Property Features
Interior
- ✓Heating: Gas,Hot Air,Other Fuel Source/See Rmk
- ✓Basement: Finished,Full
Exterior & Lot
- ✓Parking: O/See Remk,Park Space
Listing Information
Listing Office: EXP Realty, LLC — 866-201-6210
Listing Agent: Michael Dente — 866-201-6210 — michael.dente@exprealty.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 5/8/2026.
Total Monthly Cost
$4,191/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $109,000 | Loan: $436,000
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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