526 Market St, Newark City NJ 07105-2931

$990,000
Active
Newark City

About this home

Well-maintained 6-family building in Newark's highly desirable Ironbound section. Incredible location with maximum rental demand, perfect for any portfolio. Fully occupied property consists of four 1BR/1BA units and two 2BR/1BA units. All layouts feature a functional living room and eat-in kitchen.Separate utilities with gas heat. Basement includes coin-operated washer and dryer for extra income/tenant convenience. Short distance to Newark Penn Station, Harrison PATH, shopping, dining, Riverfront Park, Red Bull Arena, and the Prudential Center.Most tenants are on month-to-month agreements; one lease expires in December. Property passed DSC. Sold strictly AS-IS. Buyer is responsible for the Certificate of Occupancy (C/O) and Fire Certificate.

Taxes & fees

Annual property tax
$11,805
Tax year
2025
Tax rate
3.999

Property details

Year Built
9999
Roof (*text)
Flat
Floors No
Tile, Wood
Lot Size Area
0.06
MLS #
4049482

Features & amenities

Year Built (*numeric)
9999
Basement
Yes
Roofing (*text)
Flat
Days on market
1
Basement (*text)
Yes
Cooling (*text)
No Cool
Garage spaces
0
Heating
4+ Units, Baseboard - Hotwater
Lot dimensions
28X89 AVG.
Property Location

40.73196, -74.15575

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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