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Listing Details

51 Richards St,Newark City, NJ 07105-4023

  • April 28, 2026

Description

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.

Details

Last Updated On: April 28th, 2026 at 3:41 pm
Property ID:PT-38995028-AXZR
Offer Type:For Sale
Property Type:Apartment Complex
Price: 1,775,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 35X100
Lot Description: Level Lot
Property Type: Apartment Complex
Lot Identifier: 16

Home Details

Subdivision: Ironbound
Location: Business District, Residential Area
Acreage: 0.08
Sale Includes: Building & Land
Construction: Brick/Block, Wood
Exterior Description: Brick/Block, Vinyl Siding
Roof Description: Flat
Number of Stories: 3
Number of Units: 6
Number of Lavatories: 7
Max Ceiling Height: 8
Max Door Height: 7
Floors: Tile, Vinyl-Linoleum
Color of Building: Tan
Parking Desc: On-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Finished, Full, Walkout
YB/Desc: 9999 - Unknown
Block Identifier: 2476
County Number: 16
Town Number: 1614
Possession: closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses
Ownership: Fee Simple
Tax ID For Property: 1614-02476-0000-00016-0000-
Tax Amount: $14,396.00
Tax Year: 2025
Tax Rate: 3.999%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $140,000.00
Building Assessment: $220,000.00
Total Assessment: $360,000.00

Utilities

Equipment Available: 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

Other

Zoning: RDV

Statistics

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