Newark City Homes under $500,000

Welcome to Newark City, the vibrant heart of Essex County, New Jersey! Known for its rich history and diverse culture, Newark boasts a unique blend of urban sophistication and small-town charm. With its strategic location just a short train ride from Manhattan, it offers residents the perfect balance of city life and suburban tranquility.

Newark is not just about its bustling streets and iconic landmarks like the Prudential Center and the New Jersey Performing Arts Center; it’s also a community that embraces its residents with open arms. From the scenic Branch Brook Park, famous for its stunning cherry blossoms, to the eclectic dining scene that features flavors from around the world, there’s something for everyone in this dynamic city.

For those looking to plant roots in Newark, the real estate market offers an array of options, particularly for homes under $500,000. Whether you’re a first-time homebuyer or looking to downsize, Newark provides an impressive selection of affordable housing. From charming single-family homes to modern condominiums, you’ll find properties that suit various lifestyles and budgets.

Living in Newark means enjoying the convenience of urban amenities while being part of a close-knit community. With ongoing revitalization efforts and a commitment to enhancing quality of life, Newark is not just a place to live; it’s a place to thrive. Explore the possibilities of homeownership in Newark City today, and discover how this exciting city can be the perfect backdrop for your next chapter!

Newest Newark City Homes under $500,000

$420,000

6 Beds ⋅ 2 Baths ⋅ 4058117 MLS

Welcome to 157 Milford Avenue, a two-family property generating $3,800 in monthly rental income, totaling $45,600 annually! Each unit features 3 bedrooms, 1 full bathroom, a living room, dining room, and kitchen. The first-floor unit was fully renovated in 2026 and is currently rented for $2,300/month under a one-year lease. The second-floor unit is rented for $1,500/month on a month-to-month basis, offering additional renovation and value-add potential. The unfinished basement includes plumbing hookups for a potential bathroom. The property also features a backyard with room for improvements and is situated on a dead-end street with street parking available. Property needs renovations and is being sold strictly AS IS. An excellent opportunity for investors looking to generate immediate rental income while building long-term equity through property improvements!

157 Milford Ave, Newark City

$499,000

7 Beds ⋅ 4 Baths ⋅ 4058012 MLS

Welcome to 27 Richelieu Terrace! This beautifully renovated home offers 7 spacious bedrooms and 4 bathrooms, featuring a modern open-concept living room and kitchen, perfect for entertaining and comfortable everyday living. The finished basement provides additional versatile living space. Conveniently located approximately 40 minutes from Manhattan, with easy access to Newark Liberty International Airport, major highways, shopping, dining, and public transportation. Whether you're looking for a spacious primary residence or an investment opportunity, this property offers incredible flexibility and income potential. Explore opportunities for room rentals or short-term rentals such as Airbnb, subject to local regulations and approvals. Move-in ready and ideally located, this is an opportunity you don't want to miss. Schedule your private showing today!

27 Richelieu Ter, Newark City

$276,000

2 Beds ⋅ 1 Baths ⋅ 4057796 MLS

Welcome to this turnkey 2bedroom, 1bathroom condo in the Forest Hill Terrace condominium community, ideally situated directly across from Newark's spectacular Branch Brook Park. Located on the first floor, this bright and inviting home features an open-concept living and dining area, beautiful hardwood floors, large windows, a newer kitchen, an updated bathroom, and two comfortable bedrooms privately positioned toward the rear. A reasonable monthly HOA fee makes this an attractive opportunity for both owner-occupants and investors.The location is the true highlight. Branch Brook Park offers approximately 360 acres of scenic green space, walking and biking paths, lakes, recreation, community events, and the nation's largest collection of cherry blossom trees. Residents can enjoy one of Essex County's most treasured destinations just steps from home.Forest Hill is one of Newark's quieter residential communities, known for its tree-lined streets and historic architecture. The Branch Brook Park Light Rail station is approximately 0.3 mile away and provides service to Newark Penn Station, where commuters can connect to PATH and NJ Transit trains for easy access to New York City. NJ Transit bus routes 27 and 99 also stop at Heller Parkway and Forest Hill Parkway, just steps from the property.Move right into this well-located condo and enjoy updated interiors, convenient first-floor living, park-front surroundings, and excellent access to transportation.

63 Forest Hill Pkwy, Newark City

$485,000

3 Beds ⋅ 2 Baths ⋅ 4057719 MLS

Welcome to 70 Columbia Avenue in Newark! This beautifully fully renovated 3-bedroom, 2-full-bath home offers modern updates, comfort, and convenience. Step inside to discover a refreshed interior featuring a stylish kitchen equipped with brand-new stainless steel appliances, including a dishwasher. Enjoy the comfort of central air conditioning, along with a fully finished basement that provides additional versatile space for entertaining, recreation, or everyday living. Washer and dryer ready. Ideally situated near a local park, this move-in-ready home combines modern living with a convenient location. Schedule your private showing today and see all this home has to offer!

70 Columbia Ave, Newark City

$400,000

4 Beds ⋅ 1.1 Baths ⋅ 4057096 MLS

281 Smith St, Newark City

$499,900

8 Beds ⋅ 2 Baths ⋅ 4057554 MLS

INVESTMENT OPPORTUNITY! 126 S 7th St is a two-family property offering two spacious 4-bedroom, 2-bath units, making this an attractive opportunity for investors seeking a multi-family rental property. The property's two-unit configuration provides flexibility for an investor, owner-occupant, or buyer looking to build a residential investment portfolio. The generous 4-bedroom layouts offer potential for strong tenant appeal, while the property presents an opportunity to renovate, modernize, and add value. Ideal for investors seeking a value-add property, rental income opportunity, or long-term real estate investment. Conveniently located near transportation, shopping, schools, and major roadways. Property is being sold AS-IS. Buyer is responsible for conducting their own due diligence regarding property condition, zoning, permits, rental requirements, and potential uses.

126 S 7Th St, Newark City

$375,000

2 Beds ⋅ 2 Baths ⋅ 4056969 MLS

SINGLE FAMILY IN THE IRON BOUND SECTION OF NEWARK, OFF FERRY STREET, 2 BEDROOMS, 2 BATH, FULL BASEMENT WITH SPARE ROOM AND LAUNDRY, COZY BACK YARD. LOCATED NEXT TO SCHOOL AND AMENITIES. SOLD AS IS. COME SEE!

14 Lentz Ave, Newark City

$199,000

3 Beds ⋅ 1 Baths ⋅ 4057229 MLS

**INVESTOR OPPORTUNITY!** Bring your vision to this total-rehab property located in Newark's Lower Vailsburg section. Featuring 3 bedrooms, 1 bathroom, a formal dining room, living room, and bonus attic room, this property offers plenty of potential for the right investor.Property is being sold strictly **AS-IS** and requires a full renovation. Seller will make absolutely no repairs or improvements and makes no representations or warranties regarding the condition of the property, its systems, or improvements. Buyer is responsible for conducting all desired due diligence.**PLEASE BE ADVISED:** No unauthorized showings or entry onto the premises. Do not enter, inspect, walk, or otherwise access the property without prior consent and a confirmed appointment.

55 Commonwealth Ave, Newark City

$465,000

4 Beds ⋅ 3 Baths ⋅ 4056908 MLS

Renovated 4 Bedroom Home with 3 Full Baths, Finished Basement, New Flooring New Kitchen and Baths. Central air and Heat. Driveway with Parking.

78 Valley St, Newark City

$459,000

3 Beds ⋅ 2 Baths ⋅ 4056976 MLS

Welcome to this beautifully renovated 3-bedroom, 2-bath 1/2 duplex in Newark's Central Ward! Move-in ready and thoughtfully updated throughout, this energy-efficient home offers modern finishes and comfortable living across three levels. The first floor features a bright living and dining area and a beautifully updated kitchen with quartz countertops and stainless steel appliances, including a Samsung dishwasher. A door from the kitchen leads to a private patio perfect for outdoor dining, grilling, or relaxing. Upstairs you'll find three bedrooms and two full bathrooms, including a primary bedroom with an en-suite bath. Both bathrooms feature modern finishes and glass shower doors. The finished basement provides additional flexible space ideal for a recreation room, home office, gym, or storage and includes a new Samsung washer and dryer. A French drain and sump pump have also been installed for added peace of mind.Additional upgrades include central air conditioning and forced hot-air heat, a tankless water heater, and energy-efficient improvements throughout. Conveniently located near First Street Park, Branch Brook Park, Route 280, the Garden State Parkway, light rail, Newark Penn Station, Rutgers University"Newark, NJIT, Downtown Newark, hospitals, shopping, dining, and transportation to NYC. Turnkey, updated, and conveniently located just unpack and enjoy!

299 7Th Ave, Newark City

$450,000

6 Beds ⋅ 2.1 Baths ⋅ 4057119 MLS

Welcome to 233 Meeker Avenue in Newark! This charming corner property offers space, character, and an unbeatable location just moments from Weequahic Park. The home features 6 bedrooms and 2.5 bathrooms, providing a flexible floor plan that can accommodate a variety of living arrangements and lifestyle needs. Situated on a desirable corner lot, the property offers added curb appeal, abundant natural light, and a welcoming presence. Inside, you'll find timeless character throughout, along with an opportunity to personalize the home to suit your style and preferences. Whether you need additional rooms for a home office, hobby space, guest accommodations, or other uses, this property offers versatility to meet a range of needs. Conveniently located near parks, schools, shopping, dining, major highways, and public transportation, the home provides easy access to everyday amenities and commuting options. Enjoy the outdoor recreation and scenic beauty of nearby Weequahic Park, just a short distance away. Don't miss this opportunity to own a character-filled corner property in one of Newark's established neighborhoods. Come turn this house into your home before somebody else does!

233 Meeker Ave, Newark City

$369,000

3 Beds ⋅ 1 Baths ⋅ 4056531 MLS

Welcome to 22 Willoughby Discover value and possibility in this well-maintained Newark townhome! This inviting row house is ready for your personal touch, offering an opportunity to bring your ideas to life and make it your own. Conveniently located near Newark Liberty International Airport, the New Jersey Turnpike, Garden State Parkway, and Route 78, with access to major routes for commuting throughout the region. Your next chapter starts here!

22 Willoughby St, Newark City

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