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!
287 New York Ave, Newark City NJ 07105-2733
Property City
Newark City
Property Price
$985,000
Bedrooms
10
Year Built
1922
Tax Annual Amount
$15068
TaxYear (*text)
2025
Roof (*text)
Flat
MLS Status
Active
MLS #
4041869
Yearly Tax Rate
3.999
Year Built (*numeric)
1922
Basement
Yes
Roofing (*text)
Flat
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
None
GarageSpaces
2
Heating
4+ Units, Baseboard - Hotwater, Radiators - Steam
Lot Size Dimensions
50X100
Data import from
GSMLS