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$ 985,000
Est. payment /mo
New
287 New York Ave Newark City, NJ 07105
10 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Ironbound
MLS Listing ID 4041869
Style 2-Two Story
Bedrooms 10
Full Baths 5
Year Built 1922
Annual Tax Amount $15,068
Tax Year 2025
Property Description
GREAT INVESTMENT OPPORTUNITY! Welcome to this well-maintained, four-family, two-story property located in the highly desirable Ironbound section of Newark. Situated on an oversized 50' x 100' lot, this income-producing property is just steps from the Ironbound's renowned restaurants, shopping, entertainment, and public transportation. The building features four spacious apartments with two- and three-bedroom layouts, each with a modern kitchen, living room, dining area, full bath, and beautiful hardwood floors throughout. Additional highlights include a partially finished basement with a laundry area, separate utilities, a brick-front exterior with aluminum siding, and two detached garages in the rear, providing valuable storage. Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage with rental income, this versatile property offers exceptional value in one of Newark's most vibrant and sought-after neighborhoods.Don't miss this rare opportunity to own a well-maintained, income-producing property in the heart of the Ironbound!
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Carpeting, Smoke Detector, Tile Floors, Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding, Brick
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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Listed by WEICHERT REALTORS - HOME CITY
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