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$ 1,300,000
Est. payment /mo
New
139 Elm St Newark City, NJ 07105
9,999 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $130
MLS Listing ID 4037379
Year Built 1900
Annual Tax Amount $14,248
Tax Year 2025
Lot Size 3,049 Sqft
Property 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.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Unfinished, Walkout
Interior
Heating Gas-Natural
Cooling No Cool
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum
Utilities Available Electric, Gas-Natural
Roof Type Flat, Rubberized
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by NEW DIRECTION REALTY
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