📍 Ironbound, Newark NJ 07105 · Multi-Family · Investment Opportunity

2-Unit Multi-Family — Turn-Key Investment in the Ironbound

$449,900
Fully Rented · Positive Cash Flow · 5.8% Cap Rate
🏠 2 Units 🛏 5 Beds Total 🛁 2 Baths Total 📐 1,568 sqft 💰 $39,600/yr Income
Multi-family building Interior unit Living area
🔒 Address provided to qualified buyers only. Residential block in the Ironbound — close to Ferry Street, Newark Penn, schools, and shopping. Both units currently occupied.
Property Details

Well-maintained. Fully rented. Ready to close.

🏠

Unit 1 — 3BR/1BA

Ground floor · Separate entrance · Rented at $1,800/mo · Lease through 2026

🏠

Unit 2 — 2BR/1BA

Upper floor · Separate entrance · Rented at $1,500/mo · Lease through 2026

💰

Immediate Cash Flow

Both units occupied. $3,300/mo gross income from day one

🔧

Updated Systems

New roof (2022), updated electrical, modern kitchens in both units

📈

Ironbound Growth

8% annual appreciation. Newark's most in-demand neighborhood

🚂

Transit Access

Walk to Newark Penn → PATH to NYC. Perfect for commuter tenants

Investment Analysis

The numbers work.

📊 Income & Expenses

Unit 1 — 3BR/1BA+$1,800/mo
Unit 2 — 2BR/1BA+$1,500/mo
Gross Annual Income$39,600/yr
Property Tax−$9,200/yr
Insurance−$2,400/yr
Maintenance Reserve (5%)−$1,980/yr
Net Operating Income
$26,020/yr
Cap Rate: 5.8% · With 20% down ($90K): Cash-on-Cash ~9.2%

Ready to invest? Get the full package.

Exact address, rent rolls, tax records, and private tour for qualified buyers.

📞 Call (862) 288-7972 📅 Schedule Tour