Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Step into a realm of unparalleled investment potential in the coveted Ironbound section of Newark, NJ. This is an avenue to owning not one, but two remarkable buildings on a single lot. Imagine owning a triplex with three units, each featuring 2 bedrooms and 1 bath. But it doesn't end there. The ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. More... Revel in the luxury of two oversized bedrooms, boasting custom closets with built-in shelving, and two full baths designed for indulgence and relaxation. Parking headaches? Not here. With ample space in the rear and two detached garages, your tenants will thank you for the convenience. This property isn't just an investment; it's a lifestyle upgrade waiting to happen. In a neighborhood known for its charm and vibrancy, opportunities like these are rare. Don't let this one slip through your fingers. Book your tour today and seize the chance to make this unparalleled property yours.
Sold for $1,200,000
$1,200,000
27-29 Main St, Newark, NJ 07105
8beds
5baths
--sqft
Multi Family
Built in 1941
-- sqft lot
$1,365,000 Zestimate®
$--/sqft
$2,450 Estimated rent
Home value
$1,365,000
$1.20M - $1.56M
$2,450/mo
Zestimate® history
Owner options
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$2,450/mo
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$2,450/mo
Rent Zestimate®
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$8,437/mo
Est. payment
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$8,437/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
JOSEPH A. GUERRIERO,
KELLER WILLIAMS BY THE BAY 732-826-7110
Source: All Jersey MLS,MLS#: 2409623R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Baseboard, Forced Air
Cooling
- A/C Wall Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Range/Oven, Washer), Unit 3(Range/Oven), Unit 4(Dryer, Range/Oven, Washer)
Features
- Unit 1(2 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 4(2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Basement: Full, Slab, Utility Room
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage, Detached, 4(+)Car Parking
- Garage spaces: 2
Features
- Stories: 3
Lot
- Size: 5,000 sqft
- Dimensions: 100.00 x 50.00
- Features: See Remarks
Details
- Parcel number: 1402046000000016
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt, Flat
Condition
- Year built: 1941
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Location
- Region: Newark
Other
Other facts
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2024 | Sold | $1,200,000+9.1% |
Source:  All Jersey MLS #2409623R Report a problem | ||
| 3/29/2024 | Contingent | $1,100,000 |
Source: All Jersey MLS #2409623R Report a problem | ||
| 3/29/2024 | Pending sale | $1,100,000 |
Source:  NJMLS #24008527 Report a problem | ||
| 3/21/2024 | Listed for sale | $1,100,000 |
Source: NJMLS #24008527 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,593 +5.2% | $339,900 |
| 2024 | $12,926 +0.1% | $339,900 |
| 2023 | $12,916 | $339,900 |
| 2022 | $12,916 | $339,900 |
| 2021 | $12,916 +1% | $339,900 |
| 2020 | $12,784 +37.4% | $339,900 |
| 2019 | $9,301 | $339,900 |
| 2018 | $9,301 -20.5% | $339,900 |
| 2017 | $11,693 +4% | $339,900 |
| 2016 | $11,247 +6.7% | $339,900 |
| 2015 | $10,540 +5% | $339,900 |
| 2014 | $10,037 -28.8% | $339,900 |
| 2013 | $14,095 +3.7% | $339,900 -16.8% |
| 2012 | $13,588 +4.7% | $408,300 |
| 2011 | $12,984 +16.1% | $408,300 |
| 2010 | $11,183 +5.4% | $408,300 |
| 2009 | $10,612 +4.4% | $408,300 |
| 2008 | $10,167 +9.6% | $408,300 |
| 2007 | $9,280 | $408,300 +9.6% |
| 2006 | -- | $372,700 |
| 2005 | -- | $372,700 |
| 2004 | $8,050 | $372,700 |
| 2003 | -- | $372,700 +3031.9% |
| 2002 | -- | $11,900 |
| 2001 | -- | $11,900 |
Find assessor info on the county website
Neighborhood: North Ironbound
Nearby schools
GreatSchools rating
- 6/10Wilson Avenue Elementary SchoolGrades: K-8Distance: 0.3 mi
- 2/10East Side High SchoolGrades: 9-12Distance: 0.6 mi
- 8/10Technology High SchoolGrades: 9-12Distance: 2.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,365,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,365,000
- New Jersey
- Essex County
- Newark
- 07105
- North Ironbound
- 27-29 Main St
Nearby cities
Nearby neighborhoods
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