287-289 New York Avenue Newark, NJ $ 985,000
287-289 New York Avenue
$ 985,000
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287-289 New York Avenue

Newark, NJ, 07105
$ 985,000
Bedrooms9 Baths5.0

Monthly Estimate*

$ 6,219

287-289 New York Avenue, Newark, NJ 07105 - Image 1
287-289 New York Avenue, Newark, NJ 07105 - Image 2
287-289 New York Avenue, Newark, NJ 07105 - Image 3

Multi-Family Home for sale in Newark, NJ

for $985,000 with 9 bedrooms and 5 full baths.

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!

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Multi-Family Active

Price

$ 985,000

Bedrooms

9

Full Bath

5

Property Type

Multi-Family

Taxes

$ 15,068

Style

4 Family

Town/City

Newark

County/Region

Essex

MLS | Web ID

26027241

Features
General
Utilities Natural Gas Connected
Garage Spaces 2.0
Architectural Style 4 Family
Rooms None
County ESSEX
Property Type 2-4 Family
HOA N
Total Rooms 23
Full Baths 5
Status Active - Active
City Newark
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 15068.0
MLS Area Minor 400
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
Half Baths 0
Laundry Features None
Total Bedrooms 9
Total Baths 5
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* Excluded Features
List By
Newark - Weichert, Realtors® - Home City

Broker

Affordability Calculator

$7,475
Per Month
83%
17%
0%
Monthly Principal & Interest
$6,219
Monthly Property Taxes
$1,256
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$985,000 Listed Price

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287-289 New York Avenue, Newark, NJ, 07105 is a Multi-Family Home for sale at $985,000. 287-289 New York Avenue has 9 bedrooms and 5.0 baths. The property's zip code is 07105 which is in Newark, NJ