---
title: "196 Sussex, Newark, NJ 07103"
description: "196 Sussex, Newark, NJ 07103 — Multi Family Home in Newark, Newark, NJ. Listing Price $650000. 3 bed, 1 bath Illustrative Buyer Commission Share of $9,750 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newjersey/newark/07103/196-sussex-nj-07103"
source: "Real Estate Rebate Team"
status: "Active"
---

# 196 Sussex, Newark, NJ 07103

Multi Family Home in Newark, Newark, NJ

Courtesy of Keller Williams Realty - NJ Metro Group

## At a Glance

- **Listing Price**: $650000
- **Beds**: 3
- **Baths**: 1
- **Monthly Taxes**: $464 / mo
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $650,000
- **Illustrative Buyer Commission Share**: -$9,750*
- **Illustrative Net Cost**: $640,250

*Illustrative Buyer Savings of $9,750 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![196 Sussex, Newark, NJ 07103 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/11ced96e-b010-4bd7-bcb0-615f87d3934f.JPG)
![196 Sussex, Newark, NJ 07103 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f67c038d-078a-48f8-a378-c476a661f248.JPG)
![196 Sussex, Newark, NJ 07103 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0e4e9ed5-0869-479b-8c5e-1a1bf51ae030.JPG)
![196 Sussex, Newark, NJ 07103 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7bca5795-417f-43eb-9de4-f076d0397cb7.JPG)
![196 Sussex, Newark, NJ 07103 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c22b09dd-99c6-4a53-8dc2-cfcc1d113b6a.JPG)
![196 Sussex, Newark, NJ 07103 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a21ba0cb-567e-4fa6-9bfe-42aa86e28fdf.JPG)
![196 Sussex, Newark, NJ 07103 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3f7de081-6e86-4e86-a33e-6f75822d0808.JPG)
![196 Sussex, Newark, NJ 07103 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c3fe6e81-02a0-45ce-8904-a69012983e8d.JPG)
![196 Sussex, Newark, NJ 07103 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/266a3e9a-44f8-49f2-bb55-c3c0e7af2dd4.JPG)
![196 Sussex, Newark, NJ 07103 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/23030344-f7e9-4982-9acd-575afd120617.JPG)

## Property Overview

Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom—perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won’t want to miss!

## Property Details

- **Property Type**: 3 Family
- **Beds**: 3
- **Baths**: 1
- **Monthly Taxes**: $464 / mo
- **Listed On**: Apr 21, 2026
- **Days on Market**: 145 Days

## Estimated Monthly Payment

**$3,751 / month**, assuming a 20% down payment ($130,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,287
- **Property Taxes**: $464

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Newark City

Explore more real estate and insights about Newark City.

[Explore Newark City](https://realestaterebatesnewyork.com/neighborhoods/nj/essex/newark-city) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

## Related Links

- [Newark City neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/nj/essex/newark-city)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RLS Data display by Real Estate Rebate Team LLC. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.