139 Elm St, Newark City, NJ 07105
139 Elm St, Newark City, NJ 07105
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 1,300,000
Est. payment | /mo

9,999 SqFt

Save
$ 1,300,000
Est. payment | /mo
Save

9,999 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,999 sqft

Price per Sqft $130

MLS Listing ID 4037379

Year Built 1900

Annual Tax Amount $14,248

Tax Year 2025

Lot Size 3,049 Sqft

Property Description

Exceptional Investment Opportunity in Newark's Highly Sought-After Ironbound Section! This well-maintained 5-unit apartment building offers an outstanding opportunity for investors seeking strong rental demand and long-term appreciation. Located in one of Newark's most vibrant and desirable neighborhoods, this income-producing property features five residential apartments on a 30' x 100' lot. The building offers gas hot water baseboard heat, public water and sewer, and durable aluminum siding. Ideally situated just minutes from Newark Penn Station, major highways, restaurants, shopping, schools, parks, and the neighborhood's renowned Portuguese and Spanish dining scene, this property is perfectly positioned to attract quality tenants. The Ironbound continues to be one of Northern New Jersey's most sought-after rental markets, making this an excellent addition to any investment portfolio. Property is being sold as-is. Buyer is responsible for obtaining any required municipal certificates and completing their own due diligence.

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Unfinished, Walkout

Interior

Heating Gas-Natural

Cooling No Cool

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum

Utilities Available Electric, Gas-Natural

Roof Type Flat, Rubberized

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by NEW DIRECTION REALTY
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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139 Elm St

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