For Multi Family

155 Lafayette St,Newark City, NJ 07105-1497

April 7, 2026

Welcome to 155 Lafayette Street in the highly sought after Ironbound section of Newark. This brick-clad home is a legal two unit residence boasting three floors of living space with 4 sizable bedrooms, 3 full bathrooms, finished basement and a backyard for outdoor enjoyment. Each unit features an eat-in kitchen, living room, in-unit laundry and comfortable living spaces and extra areas for flexible living arrangements. This home serves well for owner occupants or those looking to generate a rental income.This highly desired location is a commuter?s dream in every sense. With bus stops just steps from the front door, the major Newark Penn Station transportation hub less than 0.4 miles and easy access to most major highways, this property is a passageway to the local area and beyond. Convenience and entertainment are abundant all around with Ferry Street?s delicious restaurants, bountiful shops and vibrant nightlife mere blocks away. Just minutes in every direction leads to schools, houses of worship, several major universities, the Prudential Center, Newark?s Business District and Newark Airport.With excellent walkability and endless convenience, this home presents a great opportunity for both investors and owner-occupants looking to live in one of Newark?s most desirable neighborhoods.

Property ID:PT-35559930-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 599,000 $

Bedrooms:4

Year Built:1920

Listing Details

Status: Active

Location

County: Essex

Lotsize: 21X66.1

Lot Identifier: 23

Lot Description: Level Lot

Lot Identifier: 23

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished

Acreage: 0.03

Total Baths: 3.00

Unit Style: 2-Two Story, Under/Over

Number of Units: 2

Rooms: 11

Easement/Desc: No

Exterior Description: Brick

Roof Description: Flat

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 1120

Unit 1 Rent: 2800

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Storage

Unit 1 Security Deposit: 4200

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer

Unit 2 Levels: 1

Unit 2 Rooms: 6

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 1120

Unit 2 Rent: 1900

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Storage

Unit 2 Security Deposit: 2850

Garage Description: None

Block Identifier: 194

County Number: 16

Town Number: 1614

YB/Desc: 1920 - Approximate

Easement: No

Parking/Driveway Description: None

Block Identifier: 194

County Number: 16

Town Number: 1614

Possession: At Closing

Taxes, Fees & Assessments

Warranty: No

Tax ID For Property: 1614-00194-0000-00023-0000-

Tax Amount: $6,422.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $52,000.00

Building Assessment: $108,600.00

Total Assessment: $160,600.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Electric, Gas-Natural

Heat System: Baseboard - Electric

Cool System: Wall A/C Unit(s), Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Carbon Monoxide Detector
Curbs
Fire Extinguisher
Metal Fence
Sidewalk
Smoke Detector
Tile Floors
Vinyl-Linoleum Floors
Wood Floors

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Listing Details

155 Lafayette St,Newark City, NJ 07105-1497

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