172 Chestnut St Newark, NJ 07105
South Ironbound NeighborhoodEstimated payment $4,401/month
Highlights
- 3 Car Detached Garage
- Forced Air Heating and Cooling System
- Private Driveway
About This Home
Welcome to 172 Chestnut Street, an incredible two-family opportunity in Newark's ultra-sought-after Ironbound neighborhood! This versatile and income-producing property is perfect for investors or a savvy buyer seeking long-term value! The updated exterior, covered front porch, and wide concrete driveway reflect the care and upkeep throughout the home! The first-floor unit features two bedrooms, a sun filled living room, spacious eat-in kitchen, and a full bathroom. This unit is equipped with central heating and cooling, offering year-round comfort. The second-floor unit offers a similar layout with two bedrooms, a bright living area, full bathroom, and an eat-in kitchen, complemented by central cooling and baseboard heating. The walk-out finished basement adds valuable bonus space, complete with a recreation area, full bathroom, and laundry room! Outside, the property truly stands out with a wide driveway and garage perfect for additional storage - an undeniable premium in the Ironbound! This property checks all the boxes with its prime location and thoughtful updates! This is a rare find in a vibrant, in-demand neighborhood! Just minutes from the Ironbound's best restaurants, shops, and everyday conveniences! Plus easy access to Newark Penn Station and Newark International Airport - this home makes commuting a breeze!
Listing Agent
RE/MAX LIFETIME REALTORS Brokerage Phone: 908-688-2828 Listed on: 04/22/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,546
Year Built
- Built in 1912
Lot Details
- 2,614 Sq Ft Lot
Home Design
- Flat Roof Shape
- Asphalt Shingled Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 3 Car Detached Garage
- Private Driveway
Utilities
- Forced Air Heating and Cooling System
- Hot Water Baseboard Heater
- Standard Electricity
Community Details
- Net Operating Income $999,999
Listing and Financial Details
- Assessor Parcel Number 1614-00935-0000-00041-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,176 | $188,700 | $71,400 | $117,300 |
| 2024 | $7,035 | $188,700 | $71,400 | $117,300 |
| 2022 | $7,050 | $188,700 | $71,400 | $117,300 |
| 2021 | $7,046 | $188,700 | $71,400 | $117,300 |
| 2020 | $7,171 | $188,700 | $71,400 | $117,300 |
| 2019 | $7,097 | $188,700 | $71,400 | $117,300 |
| 2018 | $6,969 | $188,700 | $71,400 | $117,300 |
| 2017 | $6,718 | $188,700 | $71,400 | $117,300 |
| 2016 | $6,491 | $188,700 | $71,400 | $117,300 |
| 2015 | $6,244 | $188,700 | $71,400 | $117,300 |
| 2014 | $5,852 | $188,700 | $71,400 | $117,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2026 06/02/26 | Pending | -- | -- | -- |
| 04/25/2026 04/25/26 | For Sale | $699,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $455,000 | -- | |
| Deed | $45,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $455,000 | New Conventional | |
| Closed | $455,000 | New Conventional |
Source: Garden State MLS
MLS Number: 4022357
APN: 14-00935-0000-00041
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