For Sale
316 Ellery Ave
Newark, NJ, 07106 • Upper Vailsburg • Essex County
$750,000
Down payment assistance available
8Beds
4.1Baths
0.11 acLot
1952Built
Property DNA
Just Listed
Listed Apr 14, 2026
Popular listing
162 views · 13 saves
Market activity
Demand and pricing signals for this listing
162 views
People checking out this listing
13 saves
Buyers have saved this home
About this home
Multi Family · Built 1952
Welcome to this EXTREMELY RARE FOUR FAMILY investment opportunity in Newark's sought-after Vailsburg section this four-family fixer-upper offers exceptional potential, solid structure, and an unbeatable location just minutes from Seton Hall University. Perfect for investors, owner-occupants, or anyone looking to add value through renovation. This multi-family home sits on a quiet residential block with classic Newark character. With the right vision, it can be transformed into a high-performing income property. The parking availability alone sets it apart rare for the area and highly desirable for tenants. Its proximity to Seton Hall and South Orange adds consistent rental demand and long-term stability. 203k loans and hard money loans are welcome!
Standout features identified
Our analysis highlights classic newark character, parking availability, and quiet residential block as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,645/month
Principal & Interest$3,645
Property Tax$750
Insurance$250
Down payment20% ($150,000)
3%50%
Est. 6.12% rate · 30yr fixed · $600,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1952
Heating4+ Units, Natural Gas
CoolingWall Unit(s)
Parking4 Parking spaces
Days on Zillow0
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1952
Systems
Heating4+ Units, Natural Gas
CoolingWall Unit(s)
RoofAsphalt Shingle
ConstructionWood Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingShared Driveway
BasementYes,Full
Lot4,791 sqft
Location & Tax
NeighborhoodUpper Vailsburg
Annual tax$10,133
Parcel1614041270001000440000
Bathrooms & Fees
Full baths4
Features & details
7 categories of property features
Interior Features
Interior
Bedrooms
Eat-in Kitchen
Eat-In Kitchen
Heating
4+ Units
Natural Gas
Cooling
Wall Unit(s)
Exterior Features
Parking
Shared Driveway
Construction
Wood Siding
Utilities
Electricity Connected
Natural Gas Connected
Gas
Gas-Natural
Listing insights
Market data and value estimates
StatusFor Sale
Tax rate2.02%
On marketApr 14, 2026
PostedApr 14, 2026
MLS statusActive
MLS updatedApr 14, 2026
Tour days9
Views162
Favorites13
How are the schools in Newark?
3 schools rated nearby
6
Ivy Hill Elementary School
Primary • Public • PK-8
Location
Newark, NJ, 07106
Price history
1 event
DateEventPrice$/sqftSource
Apr 14, 2026Listed For Sale$750,000—GSMLS
Listed For Sale$750,000
Apr 14, 2026•GSMLS
Nearby homes
Neighborhood details
Local context around this listing
Newark, NJ • Essex County
Nearby neighborhoods
FairmountForest HillLower VailsburgNorth IronboundSpringfield-BelmontUpper Clinton HillUpper RosevilleUpper VailsburgWeequahicWest Side
Nearby cities
BellevilleBloomfieldEast OrangeIrvingtonLivingstonMontclairNewarkNutley
Nearby zip codes
07103071040710507106071070710807112071140718207197
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