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51 Richards St Newark, NJ $ 1,775,000
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51 Richards St
$ 1,775,000
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51 Richards St

Newark, NJ, 07105
$ 1,775,000
Bedrooms-- Baths--

Monthly Estimate*

$ 10,929

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Commercial Property for sale in Newark, NJ

for $1,775,000 with 7 half baths. The lot size is 0.08.

Rare opportunity to acquire a six-family property in the highly sought-after Ironbound section of Newark. 51 Richards Street features six spacious 2-bedroom apartments. Ideal for investors seeking stable cash flow in a prime location with built-in rental demand. The Ironbound market continues to outperform with its vibrant restaurant scene, proximity to Newark Penn Station, and easy access to NYC. Significant upside potential through rent increases and long-term appreciation. A strong addition to any portfolio in one of Newark?s most desirable rental neighborhoods.

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Commercial Active

Price

$ 1,775,000

Half Bath

7

Property Type

Commercial

Taxes

$ 14,396

Style

Apartment Complex

Lot Size

0.08

Town/City

Newark

County/Region

Essex

MLS | Web ID

4023710
Features
General
Sewer Public Sewer
Construction Brick/Block Wood
Heating 4+ Units Baseboard - Hotwater
Cooling Window A/C(s)
Utilities Electric Gas In Street
Possession closing
Roof Flat
Zoning RDV
Garage Spaces 0
Year Built 9999
Township Newark City
Property Type Apartment Complex Apartment Complex
Tax Year 2025
Ownership Fee Simple
Location Business District Residential Area
Gross Income 129648
County Essex
Net Operating Income 98602
Operating Expense 31046
Subdivision Name Ironbound
Status Active
Directions Between Ferry and Fleming
Number Of Units Total 6
Tax Annual Amount 14396
Drive On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 360000
Town # 1614
Tax Lot 16
Cap Rate 5.50
Farm Assessment No
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Interior
Basement Finished Full Walkout
Flooring Tile Vinyl-Linoleum
Fuel Type Electric Gas-Natural
Total Stories 3
Half Baths 7
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Exterior
Lot Features Level Lot
Water Source Public Water
Total Parking 0
Exterior Description Brick/Block Vinyl Siding
Building Area Total 0
Lot Dimensions 35X100
Lot Size Acres 0.08
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* Excluded Features
List By
PATRICK DWYER

Listing Agent

Exit Realty Lucky Associates

Broker

patrick.dwyer@luckyrealty.com

Email

Affordability Calculator

$12,129
Per Month
90%
10%
0%
Monthly Principal & Interest
$10,929
Monthly Property Taxes
$1,200
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/28/2026$1,775,000 Listed Price

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51 Richards St, Newark, NJ, 07105 is a Commercial Property for sale at $1,775,000 with a lot size of 0.08. The property's zip code is 07105 which is in Newark, NJ

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