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!
Under contract
$985,000
287 New York Ave, Newark City, NJ 07105
10beds
--sqft
Multi Family
Built in 1922
-- sqft lot
$965,800 Zestimate®
$--/sqft
$-- HOA
What's special
Modern kitchenDining areaFour spacious apartmentsTwo- and three-bedroom layoutsBeautiful hardwood floors throughout
- 111 days
- 436
- 0
Zillow last checked:
Listing updated:
Listed by:
Augusto Verissimo 201-293-6333,
Weichert Realtors - Home City
Source: GSMLS,MLS#: 4041869
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- 4+ Units, Baseboard - Hotwater, Radiators - Steam, Natural Gas
Appliances
- Included: Exhaust Fan, Kitchen Exhaust Fan, Gas Water Heater
Features
- Bedrooms, Kitchen, Living/Dining Room, See Remarks
- Flooring: Carpet, Tile, Wood
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: None, Detached Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: See Remarks, Sidewalk
Lot
- Size: 5,000 Square Feet
- Dimensions: 50 x 100
- Features: Level
Details
- Parcel number: 1614009860000000510000
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Brick
- Roof: Flat
Condition
- Year built: 1922
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
- Subdivision: Ironbound
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $376,800
- Annual tax amount: $15,068
- Date on market: 7/20/2026
- Total actual rent: 7137
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
$965,800
$918,000 - $1.01M
$1,787/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Pending sale | $985,000 |
Source:  GSMLS #4041869 Report a problem | ||
| 7/20/2026 | Listed for sale | $985,000 |
Source: GSMLS #4041869 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: North Ironbound
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