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Niraj Parikh

parikhrealty@gmail.com +1(848) 565-5006

$1,195,000

Est. payment - /mo

2,613 Sqft Lot

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UPDATED:

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

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(848) 565-5006

parikhrealty@gmail.com

New Jersey, United States

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204 Parkhurst St Newark City, NJ 07114