Listing Details

For Sale

237 Astor St,Newark City, NJ 07114-2600

April 28, 2026

Turnkey 6-Family investment property located in the highly sought-after Ironbound section on Newark. This well maintained building features six spacious 2-bedroom, 1-bath apartments, all fully occupied, providing immediate and stable rental income. Situated in a prime location close to major highways, public transportation, shopping, and dining, this property is ideal for investors or owner occupants seeking long-term appreciation and consistent cash flow in one of Newarks most vibrant neighborhoods. Full unfinished basement.

Property ID:PT-38995077-AXZR

Offer Type:For Sale

Property Type:Apartment Complex

Price: 1,495,000 $

Year Built:1950

Listing Details

Status: Active

Location

County: Essex

Lotsize: 32.3X75

Lot Description: Level Lot

Property Type: Apartment Complex

Lot Identifier: 34

Home Details

Subdivision: Ironbound

Location: Residential Area

Acreage: 0.06

Sale Includes: Building & Land

Construction: Brick/Block, Wood

Exterior Description: Vinyl Siding

Roof Description: Flat

Number of Stories: 3

Number of Units: 6

Number of Lavatories: 6

Max Ceiling Height: 8

Max Door Height: 7

Floors: Tile, Vinyl-Linoleum

Color of Building: Tan /Whit

Parking Desc: On-Street Parking

Easement/Desc: Unknown

Basmnt/Desc: Yes - Full, Storage, Unfinished

YB/Desc: 1950 - Approximate

Block Identifier: 1167

County Number: 16

Town Number: 1614

Possession: at closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Documents Available: Income & Expenses, Leases, Survey

Ownership: Fee Simple

Tax ID For Property: 1614-01167-0000-00034-0000-

Tax Amount: $15,796.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $120,000.00

Building Assessment: $275,000.00

Total Assessment: $395,000.00

Utilities

Equipment Available: Appliances, Intercom, Smoke Detector

Heat Source: Electric, Gas-Natural

Heat System: 4+ Units, Baseboard - Hotwater

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas In Street

Services: Cable TV

Other

Permitted Use: 1-4 Fam / low rise multi / mixed use

Zoning: MX-2

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1,495,000 $

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