Properties

Description

Rare opportunity to acquire a six-family property in the highly sought-after Ironbound section of Newark. 51 Richards Street features six spacious 2-bedroom apartments. Ideal for investors seeking stable cash flow in a prime location with built-in rental demand. The Ironbound market continues to outperform with its vibrant restaurant scene, proximity to Newark Penn Station, and easy access to NYC. Significant upside potential through rent increases and long-term appreciation. A strong addition to any portfolio in one of Newark?s most desirable rental neighborhoods.

Features

  • Heating System : 4+ Units, Baseboard - Hotwater
  • Cooling System : Window A/c(s)
  • Basement : Full, Walkout, Finished
  • Roof Deck : Flat
  • Furnished : Tile, Vinyl-linoleum
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 360000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas In Street

Additional Info

  • Office Name: EXIT REALTY LUCKY ASSOCIATES
  • Office MLS ID: 0636
  • Agent ID: 293621
  • Tax: 14396
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: RDV

Commercial For Sale

For Sale
$1,715,000

51 Richards St, Newark City, *

  • SQFT 35 Acre
  • Built Year 9999

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5427718
  • Price: $1,715,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Unknown
  • Lot Area: 35 Acre
  • Status: Active
  • Days On Market: 135

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: Ironbound
  • Street: Richards St
  • Street Number: 51
  • Street Direction: Between Ferry and Fleming
  • Building Name: 1
  • Floor Number: 0
  • Longitude: W75° 51' 30.9''
  • Latitude: N40° 43' 54.3''
  • Internet Display Address: No
Property