48
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$1,775,000
Est. payment /mo
3,484 Sqft Lot
New
51 Richards St Newark City, NJ 07105
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ironbound
MLS Listing ID 4023710
Annual Tax Amount $14,396
Tax Year 2025
Lot Size 3,484 Sqft
Property Description
Rare opportunity to acquire a six-family property in the highly sought-after Ironbound section of Newark. 51 Richards Street features six spacious 2-bedroom apartments. Ideal for investors seeking stable cash flow in a prime location with built-in rental demand. The Ironbound market continues to outperform with its vibrant restaurant scene, proximity to Newark Penn Station, and easy access to NYC. Significant upside potential through rent increases and long-term appreciation. A strong addition to any portfolio in one of Newark?s most desirable rental neighborhoods.
Location
State NJ
County Essex
Zoning RDV
Rooms
Basement Finished, Full, Walkout
Interior
Heating Electric, Gas-Natural
Cooling Window A/C(s)
Flooring Tile, Vinyl-Linoleum
Equipment Smoke Detector
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Utilities Available Electric, Gas In Street
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXIT REALTY LUCKY ASSOCIATES
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