Exceptional investment opportunity in Newark! This property offers strong income-producing potential with separate utilities, making it an ideal addition to any investment portfolio or a great owner-occupied opportunity. The spacious units feature generous room sizes, abundant natural light, and functional layouts designed for comfortable living. Finished basement with full bathroom and kitchenette. This home is situated on a quiet residential street, the property is conveniently located near major highways, public transportation, shopping, schools, parks, providing easy access for commuters and tenants alike. Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this property presents outstanding long-term value in one of Newark's continually growing neighborhoods. Don't miss this excellent opportunity to own a cash-flowing asset with tremendous upside potential. HIGHEST AND BEST OFFERS ARE DUE BY MONDAY, JULY 20, 2026 BY 1PM.
Lower Vailsburg, located between South Orange Avenue and Irvington Avenue, is a residential and commuter-friendly Newark neighborhood with a grid of tree-lined blocks and a strong main-street rhythm. The neighborhood’s character concentrates around the South Orange Ave corridor near Sanford Avenue, where corner delis, barbershops, takeout counters, and small storefront services keep the sidewalks active. Housing leans toward early-20th-century two- and three-family homes with brick and clapboard facades, plus pockets of mid-century apartments. Ivy Hill Park frames the area with ballfields and open lawns, while nearby West Side Park adds long walking loops and shaded benches. Seton Hall University’s South Orange campus and the South Orange NJ Transit station sit just beyond the border, shaping daily routines with rail and campus energy.
Provided by Walk Score and Local Logic
Market insights
314 Smith St · $510,000
DAYS ON MARKET
28 days
The average home goes pending in 25 days.
SALE-TO-LIST
108.4%
Most homes are selling 8% above list price.
LIST PRICE
$510,000
Median sale price in this area is $802,000. (57% higher than this home)
PRICE DROP
0 price drops
8% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Finished basement
Carbon monoxide detectors
Smoke detectors
Bedrooms
Unit 1: 3 bedrooms
Unit 2: 5 bedrooms
Bathrooms
3 full bathrooms
2 half bathrooms
Unit 1: 1 bathroom
Unit 2: 1.2 bathrooms
Kitchen
Eat-in kitchen (each unit)
Laundry & utility
Owner pays water for both units
Tenants pay electric, gas and heat for both units
Heating & cooling
Gas (natural) heating
Two heating units
Cooling: see remarks
Exterior features
Vinyl siding
Composition shingle exterior
Asphalt shingle roof
Brown exterior color
Approximate lot size 32,100
Home design
Three-story unit style (3-story)
Parking
3 parking spaces total
2-car garage (detached)
Driveway one car width
Construction
Approximate year built
Utilities
Natural gas available
Public sewer
Public water
Financial info
Two-unit property
Gross and net operating income reported as 0
Total operating expenses reported as 0
Other
Owner/broker contact available
Electricity and solar
View estimated energy costs and solar savings for this home