548 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, offering flexibility that is truly hard to find. Commercially zoned lot located in a desirable area of the Ironbound section. Two garage/warehouse units, each approximately 37 ft wide x 29 ft deep. Roughly 1,000 sq ft per unit (2,000+ sq ft total). Ideal for storage, contractors, small business use, or additional rental income.To be sold as a package.
Property Information
Property Type
Commercial Sale
Lot Size
0.06 acres
Ownership
Fee Simple
Days on Market
127
MLS® Listing#
3999182
Property Features
Construction
Roof
Financial Details
Annual Taxes
$6,811
Tax year 2024
Assessed Value
$179,100
Parcel Number
1614-02466-0000-00031-0000-
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.
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
Washington Middle School
Elementary · 1.3 mi away
Famous Bartending School
Secondary · 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
The Children's Studio
School · 1.4 mi away
Lafayette Street School
Elementary · 1.4 mi away
The Study Hall
School · 1.4 mi away
Harrison Public School
Elementary · 1.4 mi away
Lincoln Elementary School
Elementary · 1.5 mi away
Hamilton Intermediate School
Elementary · 1.5 mi away
East Newark Public School
Elementary · 1.6 mi away
Gray Charter 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 |
| 387 8TH ST 2L, Jersey City, NJ | $845,000 | 2 | 1 | 848 |
| 272 Schley St, Newark City, NJ | $845,000 | 8 | 6 | 29,997 |
| 117 Valley Rd, Clifton City, NJ | $845,000 | 5 | 2 | 2,200 |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: ROSA AGENCY - 9082895200