Newark City Homes under $500,000

Welcome to Newark City, New Jersey – a vibrant urban hub that beautifully blends rich history with modern living. As the largest city in Essex County, Newark boasts a diverse culture and a dynamic arts scene, making it an exciting place to call home. With its strategic location just a short train ride from New York City, residents enjoy the convenience of city life while also experiencing the unique charm that Newark has to offer.

For homebuyers seeking affordability without sacrificing quality, Newark presents an impressive selection of homes priced under $500,000. This market offers a variety of options, from cozy single-family homes to modern condominiums, all nestled within welcoming neighborhoods. Whether you’re a first-time buyer, a growing family, or someone looking to invest, Newark’s real estate landscape provides opportunities for everyone.

Explore the stunning architecture that reflects the city’s storied past, or take advantage of the numerous parks and recreational spaces that encourage outdoor living. Newark is also home to a thriving culinary scene, featuring everything from local eateries to renowned fine dining establishments, ensuring there’s always something new to savor.

Additionally, with excellent public transportation options and a robust educational system, Newark is an ideal choice for families and professionals alike. The vibrant community spirit, combined with affordable housing options, makes Newark City not just a place to live, but a place to thrive. Come discover your dream home in Newark, where urban excitement meets suburban comfort!

Newest Newark City Homes under $500,000

$470,000

4 Beds ⋅ 2.1 Baths ⋅ 4061177 MLS

TWO LOTS FOR THE PRICE OF ONE! Double the land and twice the opportunity this renovated Newark home comes with an included second lot for rare outdoor space and incredible value! Step inside this 4-bedroom, 3-bathroom home to a sunlit ground level designed for flexible living or a mother-daughter like setup, featuring a spacious family room, dining area, a large bedroom, a versatile bonus room, a renovated powder room, an updated full bathroom, laundry room, and attached garage. Head upstairs to find three additional generously sized bedrooms, an updated full bathroom, and an updated kitchen. Continue up to the walk-up attic offering endless storage options or potential future expanded space. Outside, step into an expansive backyard built for entertaining, summer barbecues, and relaxation, all doubled in size thanks to your included separate adjacent lot. Situated on a quiet dead-end street, buyers will love the extra privacy,new siding,newer roof, minimal traffic, and peaceful everyday living this location provides. Perfect for commuters, this property offers quick, effortless access to I-280, I-80, the Garden State Parkway, all major highways, and convenient local bus and train routes. Whether you are looking for room to grow or rare land value, this turnkey gem offers an unbelievable opportunity. Central Air unit being sold AS IS.

303 Eastern Pkwy, Newark City

$499,000

6 Beds ⋅ 2 Baths ⋅ 4060952 MLS

** On the purchase of $550,000 etc the payment is $3,050.CASH COW INVESTMENT PROPERTY! COMPLETELY GUT RENOVATED WITH NO EXPENSE SPARED. Hardwood floors throughout, granite counters, stainless steel appliances. Large spacious two family home - excellent opportunity for investors or owner-occupants looking to generate rental income. The property features two separate units, including a 3 bedroom, 1 bathroom unit, and another 3 bedroom, 1 bathroom unit. With a total of 6 bedrooms and 2 bathrooms, this property provides generous living space across all three units. Each apartment offers plenty of room and the flexibility to accommodate a variety of tenants. A great opportunity to add a multi-family property to your portfolio or live in one unit while generating rental income from the others.

491 S 17Th St, Newark City

$419,000

4 Beds ⋅ 2.1 Baths ⋅ 4060944 MLS

**FINANCING SPECIAL - SELLERS PREFERRED LENDER IS OFFERING 5.25% RATE 5% DOWN WITH NO POINTS AND NO PMI ON A 30 YEAR FIXED LOAN - IN ADDITION SELLER IS OFFERING TO PAY YEAR 1 OF TAXES** On a purchase or $450,000 year ones payment for principal interest and insurance is $2,498 per month. LOCATION LOCATION LOCATION! LARGE 4 BEDROOM 2.5 BATH HOUSE THAT HAS BEEN COMPLETELY RENOVATED. NEW KITCHEN AND BATHROOMS. HARDWOOD FLOORS THROUGHOUT. UPDATED KITCHEN WITH QUARTZ COUNTERS AND STAINLESS STEEL APPLIANCES. WASHER/DRYER HOOK UP IN BASEMENT. GREAT BASEMENT FOR STORAGE. LONG DRIVEWAY WITH 10 PARKING SPACES AND A LARGE DETACHED 2 CAR GARAGE. CLOSE TO ALL MAJOR TRANSPORTATION!!

359 S 18Th St, Newark City

$434,000

4 Beds ⋅ 2 Baths ⋅ 4060940 MLS

**FINANCING SPECIAL - SELLERS PREFERRED LENDER IS OFFERING 5.25% RATE 5% DOWN WITH NO POINTS AND NO PMI ON A 30 YEAR FIXED LOAN - IN ADDITION SELLER IS OFFERING TO PAY YEAR 1 OF TAXES** On a purchase or $450,000 year ones payment for principal interest and insurance is $2,498 per month. LOCATION LOCATION LOCATION! LARGE 4 BEDROOM 2 BATH HOUSE THAT HAS BEEN COMPLETELY RENOVATED. NEW KITCHEN AND BATHROOMS. HARDWOOD FLOORS THROUGHOUT. UPDATED KITCHEN WITH QUARTZ COUNTERS AND STAINLESS STEEL APPLIANCES. WASHER/DRYER HOOK UP IN BASEMENT. GREAT BASEMENT FOR STORAGE. LONG DRIVEWAY WITH 2 PARKING SPACES AND A LARGE DETACHED 1.5 CAR GARAGE. CLOSE TO ALL MAJOR TRANSPORTATION!!

299 Smith St, Newark City

$499,950

5 Beds ⋅ 3 Baths ⋅ 4060821 MLS

Welcome to this opportunity to own a three-unit property offering flexibility for both investors and owner-occupants alike. The first-floor unit features a living room, kitchen, two bedrooms, and a full bath. The second-floor unit offers a similar layout, including a living room, kitchen, two bedrooms, and a full bath. The third-floor unit features a living room, kitchen, full bath, one bedroom, and an additional room with a closet, providing flexibility for a variety of uses. To help visualize this home's floor plan and to highlight its potential, photos are virtually enhanced and/or virtual furnishings may have been added to the photos found in this listing. The property is being sold strictly 'as-is'. There are no seller representations. The buyer is responsible for obtaining the CCC/CCO, and smoke cert. and/or all inspections required to close. The property may not qualify for traditional financing in its current condition. Cash Offers or Alternative Financing Only.

439 S 18Th St, Newark City

$260,000

2 Beds ⋅ 1 Baths ⋅ 4060699 MLS

Investor opportunity n Newark! This 2-bedroom, 1-bath home offers a living room with wood flooring, an eat-in kitchen, and arched doorways that add character. A rear deck leads to a backyard with potential for outdoor enjoyment, while the unfinished basement provides additional storage space. Street parking only. The property needs repairs and updating throughout, making it an excellent opportunity for investors, contractors, or buyers ready to take on a renovation project. Bring your vision and transform this home to suit your needs. Being sold as-is.

267 S 18Th St, Newark City

$385,000

2 Beds ⋅ 1 Baths ⋅ 4060593 MLS

Discover a different perspective on condominium living at The View at Lincoln Park. This newly constructed two-bedroom, one-bath residence offers contemporary design, thoughtfully selected finishes, and the opportunity to be the first to call it home.The inviting living area features warm-toned flooring, recessed lighting, and windows that welcome natural light. A beautifully appointed kitchen adds personality with rich green cabinetry, quartz countertops, a distinctive tile backsplash, and stainless-steel appliances. The adjoining living space offers flexibility for relaxing, entertaining, or creating a comfortable dining area.Both bedrooms provide options for personalizing your space, while the bathroom features contemporary tilework, a glass-enclosed shower, and a modern vanity. An in-unit LG washer and dryer, along with ductless heating and cooling, add everyday convenience.Located in Newark's historic Lincoln Park neighborhood, The View places you near the city's arts, culture, dining, entertainment, and transportation connections. Schedule your private tour and discover what makes this residence distinctly yours. This residence is eligible for a special mortgage financing program offering potential benefits to qualified buyers. Additional information is available upon request and during on-site visits. Financing is subject to borrower qualification and lender approval.

21 Lincoln Park, Newark City

$425,000

2 Beds ⋅ 1 Baths ⋅ 4060582 MLS

Discover a different perspective on condominium living at The View at Lincoln Park, a boutique collection of newly constructed residences in Newark's historic Lincoln Park neighborhood. Unit 100 offers two bedrooms, one full bathroom, and an inviting open-concept design where tall windows fill the living and dining areas with natural light. The contemporary kitchen anchors the space with a generous center island, quartz countertops, distinctive geometric tile backsplash, stainless-steel appliances, and thoughtfully selected cabinetry. The primary bedroom features three tall windows, while the second bedroom offers flexibility for a variety of living arrangements. The beautifully finished bathroom includes a glass-enclosed shower and contemporary fixtures. Everyday conveniences include an in-unit LG washer and dryer, energy-efficient ductless heating and cooling, and access to a shared residents' lounge. Situated within the Lincoln Park Coast Cultural District, The View connects contemporary residential design with a neighborhood celebrated for its artistic heritage and cultural identity. Newark Symphony Hall, downtown dining and entertainment, and regional transportation options add to the appeal of this location. No two residences at The View are exactly alike. Unit 100 offers an opportunity to make one of them your own. This residence is eligible for a special mortgage financing program offering potential benefits to qualified buyers. Financing is subject to lender approval

21 Lincoln Park, Newark City

$450,000

5 Beds ⋅ 3 Baths ⋅ 4060474 MLS

Large home, currently used as a one family, was renovated from a 2 family can be restored back to a 2-family, finished basement, 5 bedrooms, 3 full bathrooms, well maintained, vacant at closing, walk-out basement, big backyard, must see.

66 Columbia Ave, Newark City

$429,000

4 Beds ⋅ 2 Baths ⋅ 4060453 MLS

Welcome to 98 Vermont Ave, a beautifully renovated Colonial offering modern updates, spacious living areas, and timeless charm in Newark. This inviting home features four bedrooms and two full bathrooms, beginning with a bright and welcoming living room, formal dining room, and a beautifully updated kitchen with a separate dining area, creating a functional layout ideal for everyday living and entertaining. The first floor also features a versatile den that can easily serve as a home office, study, or cozy sitting area. The second floor offers three spacious bedrooms and a beautifully finished main bathroom, while the third floor features an additional bedroom, providing excellent flexibility. The partially finished basement further enhances the home with a family room, an additional full bathroom, and a utility room, offering valuable space for recreation, relaxation, or everyday use. Additional highlights include central air, a detached two-car garage, and an exclusive driveway with parking for up to four vehicles. With its thoughtful renovation, generous living spaces, versatile rooms, ample parking, and combination of classic charm and modern style, this move-in-ready Colonial is a fantastic opportunity for buyers seeking comfort, style, and functionality. Grab it before it's gone!

98 Vermont Ave, Newark City

$203,000

2 Beds ⋅ 2 Baths ⋅ 4060448 MLS

Spacious 2-bedroom, 2-bathroom condo located on the 6th floor, offering comfortable living and unbeatable convenience! This well-appointed unit features a primary suite with a private full bathroom, hardwood flooring, and generous closet space for all your storage needs. A commuter's delight with NYC transportation right at your doorstep, making travel into Manhattan a breeze! Don't miss the opportunity to enjoy spacious condo living in a convenient location!

19 Lyons Ave, Newark City

$449,000

2 Beds ⋅ 1.1 Baths ⋅ 4060286 MLS

Discover this spacious 2 bedroom, 1.5 bath duplex condo at the coveted Chocolate Factory Lofts, in Newark's vibrant Ironbound neighborhood. Offering two levels of living space, this distinctive residence combines the character of a historic loft conversion with the functionality of a duplex layout. Enjoy shared outdoor space and the rare convenience of deeded garage parking at 51 Bruen Street. Just two blocks from Newark Penn Station, with easy access to NYC via PATH and NJ Transit, plus Amtrak connections. Experience the best of Ironbound living with acclaimed restaurants, cafe?s, shopping, the Prudential Center, and Newark Liberty International Airport nearby. Historic loft living. Two levels. Deeded parking. Exceptional NYC access.A rare opportunity to own a piece of Newark's history without compromising convenience.

54 Mcwhorter St, Newark City

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Newark City Homes under $500,000

Newest Newark City Homes under $500,000

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