27-29 Main Street

Newark, NJ 07105

$1,100,000
Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Step into a realm of unparalleled investment potential in the coveted Ironbound section of Newark, NJ. This is an avenue to owning not one, but two remarkable buildings on a single lot. Imagine owning a triplex with three units, each featuring 2 bedrooms and 1 bath. But it doesn't end there. The ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting...Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Step into a realm of unparalleled investment potential in the coveted Ironbound section of Newark, NJ. This is an avenue to owning not one, but two remarkable buildings on a single lot. Imagine owning a triplex with three units, each featuring 2 bedrooms and 1 bath. But it doesn't end there. The ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. Revel in the luxury of two oversized bedrooms, boasting custom closets with built-in shelving, and two full baths designed for indulgence and relaxation. Parking headaches? Not here. With ample space in the rear and two detached garages, your tenants will thank you for the convenience. Schedule a tour today!
  1. Listed by Joseph A. Guerriero • Keller Williams by the Bay • (732) 826-7110

Property Details for 27-29 Main Street

Style
4 Family
Sub style
Mixedflr
Waterfront
None
Garage
Detached

Location

Listing Courtesy of Keller Williams by the Bay, Joseph A. Guerriero
Add your commute
LISTING UPDATED: 03/29/2024 03:05 PM

Property Details for 27-29 Main Street

StatusUnder Contract
MLS #24008527
Days on Market8
Taxes$12,699 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 4 Family
Year Built-
Lot Size-
CountyEssex County

Location

Listing Courtesy of Keller Williams by the Bay, Joseph A. Guerriero
Add your commute

Payment Calculator

$7,061 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,058

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27-29 Main Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: Main
  • County Name: ESSEX
  • Status: UNDER CONTRACT
  • Zip Code: 07105
Taxes and HOA Information
  • Tax: $12,699
Owner
  • Ownership: Private
Property
Lot Information
  • Lot: 00016
  • Year Built: 1940's, 2010's
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 02046
Property and Assessments
  • Photo: Y
  • Photo Number: 49
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Heatcool: Gas
  • Cooling Type: Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 8
  • Baths full: 5
  • Baths partial: 0
  • Ground Floor: Single Family
  • Floor 1St: 1st Floor
  • Floor 2Nd: 2nd Floor
  • Floor 3Rd: 3rd Floor
  • Basement: Full
  • Basement Description: Yes
  • Number of rooms: 21
  • Laundry: In Unit
  • Lifestyle: Close/Trans
  • Full Baths Total: 5
  • Num of Baths: 5.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Item Not Included: Personal property
  • Search Class: 2to4
  • List Price: $1,100,000.00
  • Listing Date: 03-21-2024
  • Pending Date: 03-29-2024
  • Status Date: 03-29-2024
Showing Information
  • Internet Remarks: Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Step into a realm of unparalleled investment potential in the coveted Ironbound section of Newark, NJ. This is an avenue to owning not one, but two remarkable buildings on a single lot. Imagine owning a triplex with three units, each featuring 2 bedrooms and 1 bath. But it doesn't end there. The ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. Revel in the luxury of two oversized bedrooms, boasting custom closets with built-in shelving, and two full baths designed for indulgence and relaxation. Parking headaches? Not here. With ample space in the rear and two detached garages, your tenants will thank you for the convenience. Schedule a tour today!
Rental
Rental Information
  • Ground Floor Lease: M2M
  • Floor Lease 1St: M2M
  • Floor Lease 2Nd: M2M
  • Floor Lease 3Rd: M2M

Property History for 27-29 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 27-29 Main Street

Taxable ValueLand$82,500Additions$257,400Total$339,900
Tax Record2022$12,699 ($1,058 / month)
Home Facts
Beds0Total Finished SqFt4,118 SqFtAbove Grade Finished SqFt4,118 SqFtStories3Lot Size5,001 SqFtStyleSingle Family ResidenceYear Built1941CountyESSEXAPN14 02046-0000-00016

Schools near 27-29 Main Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Wilson Avenue Elementary School
PublicK to 8

East Side High School
Public9 to 12

Hawkins Street Elementary School
PublicK to 8

Lafayette Street Elementary School
PublicPK 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.

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams by the Bay, Joseph A. Guerriero

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 04/27/2024 07:57 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.