172 Chestnut St Newark, NJ 07105
South Ironbound NeighborhoodEstimated payment $4,335/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
Open House Schedule
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Saturday, April 25, 20261:00 to 4:00 pm4/25/2026 1:00:00 PM +00:004/25/2026 4:00:00 PM +00:00Add to Calendar
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Sunday, April 26, 20261:00 to 4:00 pm4/26/2026 1:00:00 PM +00:004/26/2026 4:00:00 PM +00:00Add to Calendar
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
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $455,000 | -- | |
| Deed | $45,500 | -- |
Mortgage History
| 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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Ask me questions while you tour the home.