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Apartment Complex For Sale

139 Elm St, Newark City, Essex 07105-1348

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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.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4037379
Price:
$1,300,000
Year Built:
1900
Lot Area:
0.07 Acre
Status:
Active
Office Name:
NEW DIRECTION REALTY
Roof:
Flat, Rubberized
Features
Heating System:
Baseboard - Hotwater, 4+ Units
Cooling System:
No Cool
Basement:
Unfinished, Walkout
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07105-1348
Street:
Elm St
Street Number:
139
Longitude:
W75° 50' 5.6''
Latitude:
N40° 43' 42.1''
Directions:
Lafayette to Prospect to Elm
Zoning:
Residential
Additional Information
Lot Size Dimensions:
30X100
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
5
Lot Features:
Level Lot
Building Size:
9999
Financial
Tax Annual Amount:
14248
Listing Information
List Agent Mls Id:
300276
List Office Mls Id:
5428
Mls Status:
Active
Modification Timestamp:
2026-06-27T11:52:14Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4037379
Lot Area:
0.07 Acre
$1,300,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com