550 Ferry St, Newark City, NJ 07105
Essex County
Key Facts
Description
Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Year Built
1975
Stories
3
Living Area
29,997 sq ft
Lot Size
0.05 acres
Days on Market
127
MLS® Listing#
3999174
Property Features
Cooling
Heating
Basement
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$7,666
Tax year 2024
Assessed Value
$201,600
Parcel Number
1614-02466-0000-00032-0000-
Directions
Ironbound to Ferry Street
Affordability Calculator
$240,000
Estimated monthly payment
$6,387/mo
Principal $960,000 · Est. interest $1,339,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,416
- Median Listing Price
- 48
- Median Days on Market
- 1,388
- Median Sq Ft
- $419
- Median Price / Sq Ft
- 3,249
- Active Listings
- This home’s price is 96% above the area median.
- Its price per sq ft is 90% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Hawkins Street School
Elementary · 0.2 mi away
Ann Street Annex
School · 0.8 mi away
Wilson Avenue School
Elementary · 0.9 mi away
Merit School of Allied Health
Secondary · 1.0 mi away
Ann Street School
Elementary · 1.1 mi away
East Side High School
Secondary · 1.2 mi away
Famous Bartending School
Secondary · 1.3 mi away
Washington Middle School
Elementary · 1.3 mi away
Ironbound Catholic Academy
School · 1.3 mi away
Harrison High School
Secondary · 1.3 mi away
Holy Cross School
School · 1.3 mi away
Lafayette Street School
Elementary · 1.4 mi away
The Children's Studio
School · 1.4 mi away
The Study Hall
School · 1.4 mi away
Harrison Public School
Elementary · 1.5 mi away
Lincoln Elementary School
Elementary · 1.5 mi away
Hamilton Intermediate School
Elementary · 1.5 mi away
Gray Charter School
Elementary · 1.6 mi away
East Newark Public School
Elementary · 1.6 mi away
Alif Muhammad's Nia School
School · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 12 S Elberon Ave, Atlantic City, NJ | $840,000 | 10 | — | — |
| 626 S 20Th St, Newark City, NJ | $840,000 | 9 | 7 | 3,000 |
| 12 Cliff Hill Pl, Newark City, NJ | $845,000 | 7 | 5 | 3,446 |
| 272 Schley St, Newark City, NJ | $845,000 | 8 | 6 | 29,997 |
| 117 Valley Rd, Clifton City, NJ | $845,000 | 5 | 2 | 2,200 |
| 421-423 Magie Ave, Elizabeth City, NJ | $845,500 | 7 | 5 | 2,745 |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: ROSA AGENCY - 9082895200