368 Elm St

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per Sq. Ft.

Description

Fully renovated in 2023, this legal two-family property (with a finished basement and finished attic) is ideally located in the heart of the Ironbound, just minutes from schools, parks, and public transportation. The home features a new roof, new siding, central air and heating for each unit, and all appliances included, offering true turnkey ownership. Each unit offers three bedrooms, two full bathrooms, a living room, and an eat-in kitchen, providing spacious and functional layouts for occupants....Fully renovated in 2023, this legal two-family property (with a finished basement and finished attic) is ideally located in the heart of the Ironbound, just minutes from schools, parks, and public transportation. The home features a new roof, new siding, central air and heating for each unit, and all appliances included, offering true turnkey ownership. Each unit offers three bedrooms, two full bathrooms, a living room, and an eat-in kitchen, providing spacious and functional layouts for occupants. The property also includes a finished basement and finished attic, along with additional income potential through four coin-operated machines (two washers and two dryers) located in the basement. The 2023 renovation delivers a hassle-free, income-producing investment opportunity in one of Newark's most sought-after neighborhoods.

Property Details for 368 Elm Street

Directions
From Wilson Avenue, head East on Elm Street.The property is at 368 Elm Street on the right-hand side.
Days On Market
0
Section/Subdiv/Development
Ironbound

Open Houses

Saturday, Feb 7th

1:00 PM - 4:00 PM

Public

Sunday, Feb 8th

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 02/02/2026 09:04 PM

Property Details for 368 Elm Street

StatusComing Soon
MLS #4007906
Days on Market-
Taxes$6,986 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built9999
Lot Size0.05 AC / 2,178 SF
CountyEssex County

Location

Listing Courtesy of RE/MAX LIFETIME REALTORS, EMANUELA MOREIRA
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Building Information for 368 Elm Street

Stories-Residences2Year Built9999Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$4,359 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,777

Property Taxes

$582

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 368 Elm Street

Summary
Location and General Information
  • Address Included: Y
  • Grade School: WILSON AVE
  • High School: EAST SIDE
  • Renovated Year: 2023
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 985
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 368.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Elm St
  • Zip Code: 07105
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $6,986
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 183700.0
  • Tax ID For Property: 1614-00985-0000-00029-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
  • Garage Description: On-Street Parking
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 29
  • Approximate Lot Size: 25X92.11
  • Total Acres: 0.05
  • Construction Date/Year Built: 9999
  • Construction Date/Year Built Des: Renovated, Unknown
Property and Assessments
  • Assessment Bldg: 111700.0
  • Assessment Land: 72000.0
  • Farm Assessment: No
Utilities
  • Cooling: 2 Units, Central Air
  • Services: Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units, Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Curbs, Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 2.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 05-31-2026
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2500.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 3750.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 2500.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 3750.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Baths: 1.0
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Cold Water, Insurance, Maintenance, Taxes
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 368 Elm Street

DateEvent & SourcePriceAppreciation
Feb 1, 2026

Listed (Active)

NJMLS #26003649

$774,900
Apr 21, 2023

Sold (Public Record)

Public Record #1513268918

$640,000

+51.0% / yr

Jun 24, 2020

Sold (Public Record)

Public Record #673334643

$200,000
DateEvent & SourcePrice
02/01/2026

Listed (Active)

NJMLS #26003649

$774,900
04/21/2023

Sold (Public Record)

Public Record #1513268918

$640,000

+51.0% / yr

06/24/2020

Sold (Public Record)

Public Record #673334643

$200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 368 Elm Street

Taxable ValueLand$72,000Additions$111,700Total$183,700
Tax Record2024$6,986 ($582 / month)
Home Facts
Beds0Total Finished SqFt2,180 SqFtAbove Grade Finished SqFt2,180 SqFtStories2Lot Size2,304 SqFtStyleSingle Family ResidenceYear Built1880CountyESSEXAPN14 00985-0000-00029

Schools near 368 Elm Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 3
Public - PK to 5
Public - K to 8
Rating
School
Distance
Sir Isaac Newton Elementary School
PublicPK to 3

Michelle Obama Elementary School
PublicPK to 3

East Ward Elementary School
PublicPK to 5

Wilson Avenue Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

368 Elm Street is a multi-family home Coming Soon in Newark, NJ 07105. This property is currently priced at $774,900. This listing's school district is The Newark Public School District. Nearby schools include Sir Isaac Newton Elementary School, Michelle Obama Elementary School and East Ward Elementary School. 368 Elm Street is a 7-bed, 6-bath, multi-family home built in 9999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX LIFETIME REALTORS, EMANUELA MOREIRA

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 02/03/2026 06:25 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 02/03/2026 06:25 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.