Newark Homes under $500,000

Welcome to Newark, New Jersey—an urban gem nestled in Essex County, rich in culture and history. As the largest city in New Jersey, Newark boasts a vibrant arts scene, diverse culinary offerings, and a strong sense of community. With its strategic location just a short train ride away from New York City, Newark is an ideal choice for those seeking the excitement of metropolitan living while enjoying the charm of a smaller city.

For homebuyers looking for affordable options, Newark offers a variety of homes under $500,000, making it an attractive market for first-time buyers, families, and investors alike. From cozy single-family homes to modern condominiums, the city’s real estate landscape is diverse and full of potential. Many neighborhoods, such as Ironbound, are known for their rich cultural heritage and community spirit, while others, like Forest Hill, offer a more suburban feel with beautiful tree-lined streets and parks.

Newark is also home to several universities and institutions, including Rutgers University and NJIT, contributing to a youthful and dynamic atmosphere. Residents can enjoy a plethora of recreational activities, with beautiful parks, museums, and theaters to explore. Plus, the city’s ongoing revitalization efforts ensure that property values are on the rise, making it a smart investment for the future.

Discover the charm and potential of Newark, where affordable living meets vibrant urban life. Your dream home awaits in this thriving city—come and see what makes Newark a wonderful place to call home!

Newest Newark Homes under $500,000

$276,000

2 Beds ⋅ 1 Baths ⋅ Forest Hills Terrace BLDG.

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 Unit K1, Newark

Listing courtesy of Listing Agent: Tamayo Oppenheimer (tamayo@silverandoak.com) from Listing Office: Silver and Oak Realty.

$355,000

3 Beds ⋅ 2 Baths ⋅ Mount Prospect Manor BLDG.

Welcome to this exceptional three-bedroom, two-bath condominium in Newark's desirable Forest Hill neighborhood, where classic elegance meets everyday convenience. A semi-private elevator opens directly into a welcoming foyer, setting the tone for this beautifully maintained residence. The spacious, sun-filled living room flows seamlessly into a formal dining room, creating an inviting setting for entertaining. The well-appointed kitchen offers ample space for meal preparation, while the primary suite provides a peaceful retreat with a private en-suite bathroom and relaxing soaking tub. Residents enjoy a fitness center, elegant grand lobby, doorman service, live-in superintendent, secure deeded garage parking, and convenient basement laundry facilities. Two private entrances offer added flexibility and easy access. Located moments from picturesque Branch Brook Park, celebrated for its stunning cherry blossoms, this home offers convenient access to New York City transportation, major highways, shopping, dining, and local attractions. Impeccably maintained and move-in ready, this condominium is a wonderful opportunity to enjoy comfort, style, and convenience in Forest Hill.

363-377 Mt Prospect Unit 2AW, Newark

Listing courtesy of Listing Agent: Carmen Jimenez (cjimenez116@aol.com) from Listing Office: RE/MAX Professionals 1.

$375,000

2 Beds ⋅ 2 Baths

Single Family Home in Ironbound with 2 Bedrooms, 2 bathrooms, Livingroom and Eat-in Kitchen, newly painted. Home in good condition but need some renovation. Home Sold AS-IS. Finished basement with one extra room, bathroom and laundry room. Heating - baseboard heater. Street parking, close to schools. Cozy and private backyard. Come see!

14 Lentz Ave, Newark

Listing courtesy of Listing Agent: Claudia Forster () from Listing Office: Century 21 Venture Real Estate-Kearny.

$499,900

8 Beds ⋅ 4 Baths

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

Listing courtesy of Listing Agent: Jorge Velasquez () from Listing Office: RE/MAX Professionals 1.

$450,000

6 Beds ⋅ 3 Baths

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!

233-237 Meeker Ave, Newark

Listing courtesy of Listing Agent: Brendan Dasilva () from Listing Office: Keller Williams Realty - NJ Metro Group.

$400,000

4 Beds ⋅ 2 Baths

Welcome to 281 Smith St, located in Newark's Lower Vailsburg section. This well-maintained brick-front home features an open-concept first-floor layout with living, dining, and kitchen areas. The property includes a finished basement providing additional living space, a long private driveway with off-street parking, and a detached garage offering additional storage and convenience. The home is conveniently located near major highways, public transportation, shopping, schools, and local amenities. The property offers a functional layout with additional living space, parking, and storage. Come turn this house into a home before someone else does!

281 Smith St, Newark

Listing courtesy of Listing Agent: Brendan Dasilva () from Listing Office: Keller Williams Realty - NJ Metro Group.

$465,000

4 Beds ⋅ 3 Baths

78 Valley St, Newark

Listing courtesy of Listing Agent: Francis D. Thurman () from Listing Office: eRealty Advisors, Inc..

$410,000

3 Beds ⋅ 3 Baths

Space, style, and flexibility come together beautifully in this updated 3-bedroom, 3-full-bath home, offering three finished levels and the rare convenience of a full bath on every floor. Thoughtfully designed for both everyday comfort and entertaining, the home feels warm, inviting, and wonderfully adaptable. The main level unfolds from a welcoming foyer into a spacious living room and formal dining room, enhanced by wood flooring and abundant natural light. An updated kitchen anchors the living space, while the bonus den/sunroom adds a relaxed and versatile retreat perfect for a home office, reading nook, hobbies, or simply unwinding. A dedicated laundry room and full bath complete this level. Upstairs are three comfortable bedrooms, including a generously sized primary bedroom, along with an updated full bath. Downstairs, the finished walkout lower level adds exceptional flexibility with two additional finished rooms, another full bath, storage, and direct access to the rear yard. Outdoors, enjoy a private fenced backyard with a deck and raised garden beds that will remain with the property an inviting backdrop for dining, gardening, entertaining, or quiet afternoons at home. Brand-new heat and central air conditioning (2025) and a hot water heater (2022) add to the appeal. Convenient to shopping, dining, transportation, and the South Orange border, this move-in-ready home delivers comfortable living and versatility across all three levels.

64 Norwood St, Newark

Listing courtesy of Listing Agent: Kelly A. Hartnett () from Listing Office: Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair.

$450,000

4 Beds ⋅ 3 Baths

273 18th St, Newark

Listing courtesy of Listing Agent: Francis D. Thurman () from Listing Office: eRealty Advisors, Inc..

$449,000

3 Beds ⋅ 2 Baths

Fall in love from the moment you walk into this stunning, completely move-in ready 3-bedroom, 2-bathroom masterpiece. This meticulously maintained residence captures your attention the moment you step inside with elegant tray ceilings, custom crown molding, and bright recessed lighting. The spacious living areas offer a neutral, designer-approved color palette, high-quality tile, and rich flooring throughout. At the heart of the home is a brilliantly lit kitchen with ample cabinetry, pristine countertops, and a layout optimized for both daily meal prep and entertaining. The generous primary suite serves as a peaceful sanctuary with unique ceiling details and a private en-suite bath. Two additional versatile bedrooms offer excellent closet space, while both full bathrooms feature timeless tile work and contemporary vanities. With its pristine condition and highly desirable layout, this turn-key property is ready for its next chapter. Schedule your private tour today!

31-33 Voorhees St, Newark

Listing courtesy of Listing Agent: Eyal Levy () from Listing Office: Keller Williams Park Views.

$374,900

2 Beds ⋅ 3 Baths ⋅ Society Hill BLDG.

It's ready for you! Welcome to this freshly renovated 2-bedroom, 2.5-bath townhouse-style condo in Society Hill at University Heights II. New flooring and fresh paint brighten the open living and dining area, where a wood-burning fireplace and sliding doors to a balcony add to the appeal. The kitchen features new cabinetry, a new gas range and dishwasher, and recessed lighting. Upstairs, the primary bedroom has a walk-in closet and private full bath. A second bedroom and full bath offer flexibility for guests or a home office, while the second-floor laundry room has washer/dryer hookups. One assigned parking space is included. Conveniently located near Newark's universities, dining, shopping, and transit, with Science Park High School and ShopRite nearby.

26 Seton Hall Dr Unit 514, Newark

Listing courtesy of Listing Agent: Robert Bailey-Lemansky (Bob@MontclairNJRealty.com) from Listing Office: Keller Williams Suburban Realty.

$475,000

3 Beds ⋅ 2 Baths

Welcome to this private single family home in Newark's highly desirable North Ironbound neighborhood, where city convenience meets surprising indoor and outdoor space! Freshly painted throughout with newly refinished hardwood floors, this inviting home offers a warm, move-in-ready interior with an easy flow for everyday living and entertaining. The spacious kitchen opens directly to the brand-new 285-square-foot Trex deck and deep backyard, creating the perfect setup for grilling, outdoor dining, entertaining, or simply relaxing. Upstairs, you'll find three bedrooms, including a generously sized primary bedroom, along with a full hall bath. Need even more space? The large finished basement with it's own entrance and an additional full bathroom offers tremendous flexibility for a recreation room, home office, gym, guest space, or a combination of uses. Outside, the expansive new deck and deep backyard provide an unexpected amount of private outdoor space in this urban setting. Ideally located close to the Ironbound's shops, restaurants, transportation, and everyday conveniences, this home delivers the space you want with the accessibility that makes the neighborhood so sought after. Fresh, updated, spacious, and ready for its next owner!

103 Napoleon St, Newark

Listing courtesy of Listing Agent: Diane Russell () from Listing Office: Compass New Jersey, LLC-Montclair.

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board logo 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 Century 21 AG Realty Group 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 deemed reliable but not guaranteed. Last date updated: . Source: New Jersey Multiple Listing Service, Inc. “2026 New Jersey Multiple Listing Service, Inc. All rights reserved.”