Essex County  »  07107  »  W Market St  »  481-487 W Market St

481-487 West Market Street, Newark, NJ 07107 Property Information

481-487 West Market Street, Newark, NJ 07107 Property Information

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  • Owner
  • Documents
  • Tax
  • Neighborhood
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481-487 West Market Street, Newark, NJ 07107
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Address

Primary address 481-487 West Market Street, Newark
Zip code 07107
County Essex
Municipality Newark City
Block 1873
Lot 41
Neighborhood Fairmount

Sales & Tax Overview for 481-487 West Market Street, Newark

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 12/02/2016
Sale price $1
Arm's length
Property tax $7,234

Lot & Building Information for 481-487 West Market Street, Newark

Building class Commercial-Other (100)
Acreage 0.191
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 481-487 West Market Street, Newark

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  • • Improvements for 481-487 West Market Street, Newark , including their type, square footage, grade and when they were built.
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About 481-487 West Market Street, Newark

What is the assessed value of 481-487 West Market Street, Newark, NJ 07107 and the property tax paid?

Assessed at $180,900, the tax amount paid for 481-487 West Market Street, Newark, NJ 07107 is $7,234.

When was 481-487 West Market Street, Newark, NJ 07107 last sold?

481-487 West Market Street, Newark, NJ 07107 was last sold in 04/21/2023.

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 481-487 West Market Street, Newark

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Purchase date Purchase price Buyer name Seller name
12/02/2016 $1
06/21/2004 $1
       
       
       
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Title Documents for 481-487 West Market Street, Newark

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
04/21/2023 - D
05/11/2023 - R
Deed and Realty Tax Fees
12/02/2016 - D
12/08/2016 - R
Deed and Realty Tax Fees
06/28/2016 - D Deed and Realty Tax Fees
07/31/2015 - D Deed and Realty Tax Fees
06/21/2004 - D
07/16/2004 - R
Deed and Realty Tax Fees
09/30/1998 - D Deed and Realty Tax Fees
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R: Recorded date
D: Document date

Property Taxes for 481-487 West Market Street, Newark

Access detailed property tax data for 481-487 West Market Street, Newark, NJ 07107. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $7,234
Market value $180,900

Assessment History for 481-487 West Market Street, Newark

Here's the assessment & property tax history for 481-487 West Market Street, Newark, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2025 $180,900 $180,900 3.999 $7,234 +5.15%
2024 $180,900 $180,900 3.803 $6,880 +2.01%
2023 $180,900 $180,900 3.728 $6,744 -0.21%
2022 $180,900 $180,900 3.736 $6,758 +0.05%
2021 $180,900 $180,900 3.734 $6,755 -1.74%

Demographics by Zip Code

Total population 43,293
Median age 35.2
Average household income $75,162
Family households 66.2%
Occupied housing units 15,184
Owner occupied units 29.1%
Average number of people per household 2.85
Median year structure built 1959
Median value for units with a mortgage $399,000
Median value for units without a mortgage $325,100

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

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Neighbors for 481-487 West Market Street, Newark

Here are the neighbors for 481-487 West Market Street, Newark.

Address Square feet Purchase date Purchase price
34-36 N 6th St, Newark 4,036 08/17/2021
50 N 7th St, Newark 3,402 02/14/2020
15 N 7th St, Newark 1,765 01/19/2021
36 N 7th St, Newark 4,268 06/05/2015 $1
42 N 6th St, Newark 1,828 02/29/2016 $84,000
34 N 7th St, Newark 2,533 07/07/2022
38 N 6th St, Newark 2,410 05/26/2023
44 N 6th St, Newark 3,194 02/27/2025
40 N 7th St, Newark 2,226 12/31/2020
48 N 7th St, Newark 3,338 03/14/2023
40 N 6th St, Newark 3,586 04/27/2023
13 N 7th St, Newark 3,172 04/13/2007 $1
38 N 7th St, Newark 06/22/2005 $58,000
197 Dickerson St, Newark 2,977 05/12/2022
46 N 6th St, Newark 678 08/19/2016 $29,500
42 N 7th St, Newark 2,226 11/14/2005 $205,000
46 N 7th St, Newark 2,069 02/22/2011 $36,000
44 N 7th St, Newark 3,338 09/30/1980
32 N 7th St, Newark 3,976 06/28/2024
195 Dickerson St, Newark 1,364 01/06/2006 $127,000

Nearby ZIP Codes for 481-487 West Market Street, Newark

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