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Apartment Complex For Sale
51 Richards St, Newark City, Essex 07105-4023
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.
- Property Type:
- Apartment Complex
- Listing Type:
- For Sale
- Listing ID:
- 4023710
- Price:
- $1,775,000
- Year Built:
- 9999
- Lot Area:
- 0.08 Acre
- Status:
- Active
- Office Name:
- EXIT REALTY LUCKY ASSOCIATES
- Agent Name:
- PATRICK DWYER
- Property Sub Type:
- Apartment Complex
- Roof:
- Flat
- Heating System:
- Baseboard - Hotwater, 4+ Units
- Cooling System:
- Window A/C(s)
- Basement:
- Full, Walkout, Finished
- Flooring:
- Tile, Vinyl-Linoleum
- Sewer:
- Public Sewer
- Utilities:
- Electric, Gas In Street
- Country:
- US
- State:
- Essex
- County:
- Essex
- City:
- Newark City
- Zipcode:
- 07105-4023
- Street:
- Richards St
- Street Number:
- 51
- Longitude:
- W75° 51' 30.9''
- Latitude:
- N40° 43' 54.3''
- Directions:
- Between Ferry and Fleming
- Zoning:
- RDV
- Lot Size Dimensions:
- 35X100
- Water Source:
- Public Water
- Stories Total:
- 3
- Number Of Units Total:
- 6
- Lot Features:
- Level Lot
- Tax Annual Amount:
- 14396
- List Agent Mls Id:
- 293621
- List Office Mls Id:
- 0636
- Mls Status:
- Active
- Modification Timestamp:
- 2026-04-28T12:35:04Z
- Originating System Name:
- gsmls
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