Listing Details

369 E Kinney St,Newark City, NJ 07105-2540

  • April 28, 2026

Description

Six-family investment property located in the Ironbound. The building features one 1-bedroom apartment and five 2-bedroom apartments, offering excellent rental demand and consistent income potential. Property is in good condition, making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements. Well-maintained units appeal to long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, schools, and local amenities. Positioned in a growing Newark market with continued redevelopment and upside potential.

Details

Last Updated On: April 28th, 2026 at 3:41 pm
Property ID:PT-38995126-AXZR
Offer Type:For Sale
Property Type:Apartment Complex
Price: 1,425,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25.7X96.5
Lot Description: Level Lot
Property Type: Apartment Complex
Lot Identifier: 8

Home Details

Subdivision: Ironbound
Location: Residential Area
Acreage: 0.06
Sale Includes: Building & Land
Construction: Brick/Block, Wood
Exterior Description: Aluminum,Brick
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: white
Parking Desc: On-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Storage
YB/Desc: 9999 - Unknown
Block Identifier: 979
County Number: 16
Town Number: 1614
Possession: closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases
Ownership: Fee Simple
Tax ID For Property: 1614-00979-0000-00008-0000-
Tax Amount: $9,957.00
Tax Year: 2025
Tax Rate: 3.999%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $120,000.00
Building Assessment: $129,000.00
Total Assessment: $249,000.00

Utilities

Equipment Available: Smoke Detector
Heat Source: Electric, Gas-Natural
Heat System: 4+ Units, Baseboard - Electric, Baseboard - Hotwater
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas In Street

Other

Zoning: R3

Statistics

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