23 Foundry St Newark, NJ 07105
North Ironbound NeighborhoodEstimated payment $3,732/month
About This Home
Your multi family investment search ends here, right in Ironbound, Newark! Welcome to 23 Foundry St, Newark, NJ 07105 " A Prime Opportunity in the Heart of Ironbound!This legal 2-family home is perfectly located right off Ferry Street in one of Newark's most desirable neighborhoods, Ironbound, Newark. Whether you're an investor seeking rental income or a homeowner looking to live in one unit while renting out the other, this property offers incredible flexibility and value.Each unit features two spacious bedrooms and one full bathroom, providing comfortable and functional layouts. The finished basement includes bonus rooms with a separate walkout entrance perfect for extended living, guest space, or additional income potential (buyer to verify use).Enjoy the oversized backyard, ideal for gatherings or creating your private outdoor retreat. With its unbeatable location in the Ironbound known for its vibrant culture, restaurants, and transportation access this is a rare opportunity to own a versatile and income-generating property in a thriving community. Being sold AS-IS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,837
Home Design
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Additional Features
- Laundry in unit
- 3,511 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 16 / 2400
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 | $6,703 | $179,800 | $67,000 | $112,800 |
| 2024 | $6,703 | $179,800 | $67,000 | $112,800 |
| 2022 | $6,717 | $179,800 | $67,000 | $112,800 |
| 2021 | $6,714 | $179,800 | $67,000 | $112,800 |
| 2020 | $6,832 | $179,800 | $67,000 | $112,800 |
| 2019 | $6,762 | $179,800 | $67,000 | $112,800 |
| 2018 | $6,640 | $179,800 | $67,000 | $112,800 |
| 2017 | $6,401 | $179,800 | $67,000 | $112,800 |
| 2016 | $6,185 | $179,800 | $67,000 | $112,800 |
| 2015 | $5,950 | $179,800 | $67,000 | $112,800 |
| 2014 | $5,576 | $179,800 | $67,000 | $112,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | Pending | -- | -- | -- | |
| 11/04/2025 11/04/25 | For Sale | $599,999 | +207.7% | -- | |
| 11/04/2014 11/04/14 | Sold | $195,000 | +83.1% | $100 / Sq Ft | View Prior Sale |
| 05/29/2012 05/29/12 | Sold | $106,500 | -- | $55 / Sq Ft | View Prior Sale |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $195,000 | -- | |
| Deed | $195,000 | -- | |
| Deed | $195,000 | -- | |
| Special Warranty Deed | $106,500 | Stewart Title Guaranty Co | |
| Sheriffs Deed | -- | None Available | |
| Bargain Sale Deed | $386,000 | Stewart Title Guaranty Compa | |
| Deed | $294,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $386,000 | Purchase Money Mortgage | |
| Previous Owner | $235,200 | New Conventional |
Source: New Jersey MLS
MLS Number: 25039319
APN: 14-02400-0000-00016
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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