41 Lentz Ave, Newark City, NJ 07105
Ironbound · Essex County
Key Facts
Description
Newark Ironbound, Investment opportunity 3 story 6 family building in fair condition. All 6 units have 2-bedrooms, potential to improve income making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements, long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, schools, and local amenities. Positioned in a growing Newark market with continued redevelopment and upside potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1920
Living Area
3,600 sq ft
Lot Size
0.04 acres
Ownership
Fee Simple
Days on Market
10
MLS® Listing#
4038462
Property Features
Cooling
Heating
Flooring
Basement
Parking
Construction
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$8,941
Tax year 2025
Assessed Value
$223,600
Parcel Number
1614-02481-0000-00028-0000-
Directions
Between Ferry Street and Horatio 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
- $613,296
- Median Listing Price
- 49
- Median Days on Market
- 1,369
- Median Sq Ft
- $425
- Median Price / Sq Ft
- 3,196
- Active Listings
- This home’s price is 96% above the area median.
- Its price per sq ft is 22% 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 · 0.1 mi away
Ann Street Annex
School · 0.7 mi away
Wilson Avenue School
Elementary · 0.9 mi away
Ann Street School
Elementary · 1.0 mi away
Merit School of Allied Health
Secondary · 1.1 mi away
East Side High School
Secondary · 1.2 mi away
Ironbound Catholic Academy
School · 1.2 mi away
Famous Bartending School
Secondary · 1.2 mi away
Lafayette Street School
Elementary · 1.3 mi away
Washington Middle School
Elementary · 1.3 mi away
Holy Cross School
School · 1.4 mi away
Harrison High School
Secondary · 1.4 mi away
The Children's Studio
School · 1.4 mi away
The Study Hall
School · 1.5 mi away
Harrison Public School
Elementary · 1.5 mi away
Lincoln Elementary School
Elementary · 1.6 mi away
Hamilton Intermediate School
Elementary · 1.6 mi away
Gray Charter School
Elementary · 1.6 mi away
East Ward Elementary School
Elementary · 1.7 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 |
| 387 8TH ST 2L, Jersey City, NJ | $845,000 | 2 | 1 | 848 |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: EXIT REALTY LUCKY ASSOCIATES - 9738177700