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!
Under contract
$699,000
172 Chestnut St, Newark City, NJ 07105
4beds
1,520sqft
Multi Family
Built in 1912
-- sqft lot
$-- Zestimate®
$460/sqft
$-- HOA
What's special
- 69 days |
- 140 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Catarina Gomes 908-688-2828,
Re/Max Lifetime Realtors
Source: GSMLS,MLS#: 4022357
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
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Pending sale | $699,000$460/sqft |
Source: | ||
| 4/22/2026 | Listed for sale | $699,000+53.6%$460/sqft |
Source: | ||
| 9/7/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/2/2021 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/11/2007 | Sold | $455,000$299/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $6,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 6/10Oliver Street Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 2/10East Side High SchoolGrades: 9-12Distance: 0.5 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 1.3 mi
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.
- New Jersey
- Essex County
- Newark
- 07105
- North Ironbound
- 172 Chestnut St



