Under contract

$1,200,000

550 Ferry St, Newark City, NJ 07105

6beds

29,997sqft

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Multi Family

Built in 1975

-- sqft lot

$1,159,200 Zestimate^®

$40/sqft

$-- HOA

What's special

Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.

221 days

46

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

3 Units, Baseboard - Hotwater, See Remarks, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas, See Remarks

Features

Bedrooms, Kitchen, Living Room, See Remarks
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 29,997
Total interior livable area: 29,997 sqft

Property

Parking

Total spaces: 6
Parking features: Asphalt
Uncovered spaces: 6

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 2,178 Square Feet
Dimensions: 25.5 x 91.4

Details

Parcel number: 1614024660000000320000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Brick
Roof: Asphalt Shingle

Condition

Year built: 1975

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected, See Remarks

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector

Location

Region: Newark

Financial & listing details

Price per square foot: $40/sqft
Tax assessed value: $201,600
Annual tax amount: $7,666
Date on market: 11/24/2025
Total actual rent: 29997
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$1,159,200

$1.10M - $1.22M

$2,850/mo

Price history

Date	Event	Price
3/31/2026	Pending sale	$1,200,000$40/sqft
Source: GSMLS #3999174 Report a problem
11/24/2025	Listed for sale	$1,200,000+540%$40/sqft
Source: GSMLS #3999174 Report a problem
12/17/1996	Sold	$187,500$6/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,062 +5.2%	$201,600
2024	$7,667 +0.1%	$201,600
2023	$7,661	$201,600
2022	$7,661	$201,600
2021	$7,661 +1%	$201,600
2020	$7,582 +37.4%	$201,600
2019	$5,517	$201,600
2018	$5,517 -20.5%	$201,600
2017	$6,935 +4%	$201,600
2016	$6,671 +6.7%	$201,600
2015	$6,252 +5%	$201,600
2014	$5,953 -40.9%	$201,600 -33.4%
2012	$10,077 +4.7%	$302,800
2011	$9,629 +16.1%	$302,800
2010	$8,294 +5.4%	$302,800
2009	$7,870 +4.4%	$302,800
2008	$7,540	$302,800
2007	$7,540	$302,800
2006	--	$302,800
2005	--	$302,800
2004	$6,540	$302,800
2003	--	$302,800

Find assessor info on the county website

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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.

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