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$ 1,195,000
Est. payment | /mo
2,613 Sqft Lot
$ 1,195,000
Est. payment | /mo
2,613 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ironbound
MLS Listing ID 4023770
Year Built 1970
Annual Tax Amount $12,936
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
Five-family investment property located in the Ironbound. The building features a well-balanced unit mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit, providing strong rental demand and income stability. Ideal for investors seeking a steady, income-producing asset with diversified residential cash flow. Property offers long-term upside potential with the ability to increase rents over time. Conveniently located near major highways, public transportation, schools, and local amenities. Situated in a growing area of Newark with ongoing redevelopment.
Location
State NJ
County Essex
Zoning MX-2
Rooms
Basement Full
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Flooring Tile, Vinyl-Linoleum
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas In Street
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EXIT REALTY LUCKY ASSOCIATES
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