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.
139 Elm St, Newark City NJ 07105-1348
Property City
Newark City
Property Price
$1,300,000
Year Built
1900
Tax Annual Amount
$14248
TaxYear (*text)
2025
Roof (*text)
Flat, Rubberized
Lot Size Area
0.07
MLS Status
Active
MLS #
4037379
Yearly Tax Rate
3.999
Year Built (*numeric)
1900
Basement
Yes
Roofing (*text)
Flat, Rubberized
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
No Cool
GarageSpaces
0
Heating
4+ Units, Baseboard - Hotwater
Lot Size Dimensions
30X100
Data import from
GSMLS