Properties

Description

Exceptional Investment Opportunity in Newark's Highly Sought-After Ironbound Section! This well-maintained 5-unit apartment building offers an outstanding opportunity for investors seeking strong rental demand and long-term appreciation. Located in one of Newark's most vibrant and desirable neighborhoods, this income-producing property features five residential apartments on a 30' x 100' lot. The building offers gas hot water baseboard heat, public water and sewer, and durable aluminum siding. Ideally situated just minutes from Newark Penn Station, major highways, restaurants, shopping, schools, parks, and the neighborhood's renowned Portuguese and Spanish dining scene, this property is perfectly positioned to attract quality tenants. The Ironbound continues to be one of Northern New Jersey's most sought-after rental markets, making this an excellent addition to any investment portfolio. Property is being sold as-is. Buyer is responsible for obtaining any required municipal certificates and completing their own due diligence.

Features

  • Heating System : 4+ Units, Baseboard - Hotwater
  • Cooling System : No Cool
  • Basement : Unfinished, Walkout
  • Roof Deck : Flat, Rubberized
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 356300
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: NEW DIRECTION REALTY
  • Office MLS ID: 5428
  • Agent ID: 300276
  • Tax: 14248
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Residential

Commercial For Sale

For Sale
$1,170,000

139 Elm St, Newark City, *

  • SQFT 30 Acre
  • Built Year 1900

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5442914
  • Price: $1,170,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Approximate
  • Lot Area: 30 Acre
  • Status: Active
  • Days On Market: 26

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Elm St
  • Street Number: 139
  • Street Direction: Lafayette to Prospect to Elm
  • Floor Number: 0
  • Longitude: W75° 50' 5.6''
  • Latitude: N40° 43' 42.1''
  • Internet Display Address: No
Property