Skip main navigation
Under contract
  • $699,000

    172 Chestnut St, Newark City, NJ 07105

    4beds
    1,520sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1912
    -- sqft lot
    $-- Zestimate®
    $460/sqft
    $-- HOA

    What's special

    Welcome to 172 Chestnut Street, an incredible two-family opportunity in Newark's ultra-sought-after Ironbound neighborhood! This versatile and income-producing property is perfect for investors or a savvy buyer seeking long-term value! The updated exterior, covered front porch, and wide concrete driveway reflect the care and upkeep throughout the home! The first-floor unit features two bedrooms, a sun filled living room, spacious eat-in kitchen, and a full bathroom. This unit is equipped with central heating and cooling, offering year-round comfort. The second-floor unit offers a similar layout with two bedrooms, a bright living area, full bathroom, and an eat-in kitchen, complemented by central cooling and baseboard heating. The walk-out finished basement adds valuable bonus space, complete with a recreation area, full bathroom, and laundry room! Outside, the property truly stands out with a wide driveway and garage perfect for additional storage - an undeniable premium in the Ironbound! This property checks all the boxes with its prime location and thoughtful updates! This is a rare find in a vibrant, in-demand neighborhood! Just minutes from the Ironbound's best restaurants, shops, and everyday conveniences! Plus easy access to Newark Penn Station and Newark International Airport - this home makes commuting a breeze!
    69 days
    |
    140
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Catarina Gomes 908-688-2828,

    Re/Max Lifetime Realtors

    Source: GSMLS,MLS#: 4022357MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard - Hotwater, Forced Air, Electric, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Microwave, Range/Oven - Gas, Refrigerator
      Features
      • Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
      • Basement: Yes,Finished,Full,Walk-Out Access
      • Has fireplace: No
      Interior area
      • Total structure area: 1,520
      • Total interior livable area: 1,520 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: 1 Car Width, 2 Car Width, Concrete, Driveway-Exclusive, Detached Garage
      • Has garage: Yes
      • Uncovered spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 2,613 Square Feet
      • Dimensions: 25 x 105
      Details
      • Parcel number: 1614009350000000410000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Roof: Asphalt Shingle,Flat
      Condition
      • Year built: 1912

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Location
      • Region: Newark

      Financial & listing details

      • Price per square foot: $460/sqft
      • Tax assessed value: $188,700
      • Annual tax amount: $7,546
      • Date on market: 4/25/2026
      • Total actual rent: 19998
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/2/2026Pending sale$699,000$460/sqft
        Source: NJMLS #26014031 Report a problem
        4/22/2026Listed for sale$699,000+53.6%$460/sqft
        Source: NJMLS #26014031 Report a problem
        9/7/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        9/2/2021Listed for rent$1,800$1/sqft
        Source: Zillow Rental Manager Report a problem
        4/11/2007Sold$455,000$299/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,546 +5.2%$188,700
        2024$7,176 +0.1%$188,700
        2023$7,171 $188,700
        2022$7,171 $188,700
        2021$7,171 +1%$188,700
        2020$7,097 +37.4%$188,700
        2019$5,164 $188,700
        2018$5,164 -20.5%$188,700
        2017$6,491 +4%$188,700
        2016$6,244 +6.7%$188,700
        2015$5,852 +5%$188,700
        2014$5,572 -40.4%$188,700
        2013$9,355 +3.7%$188,700 -30.4%
        2012$9,019 +4.7%$271,000
        2011$8,618 +16.1%$271,000
        2010$7,423 +5.4%$271,000
        2009$7,043 +4.4%$271,000
        2008$6,748 $271,000
        2007$6,748 $271,000
        2006-- $271,000
        2005-- $271,000
        2004$5,854 $271,000
        2003-- $271,000 +4069.2%
        2002-- $6,500
        2001-- $6,500

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: North Ironbound

        Getting around

        92 / 100
        Walker's Paradise
        83 / 100
        Excellent Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel