38 Delancy St Newark, NJ 07105
South Ironbound NeighborhoodEstimated payment $6,574/month
Highlights
- Wood Flooring
- Outdoor Grill
- Forced Air Heating System
- Skylights
- Multiple cooling system units
- Storm Doors
About This Home
Exceptional investment opportunity in Newark's highly sought-after Ironbound section. Sold strictly "As Is, this income-producing property features a unique setup with a front multi-family residence plus a separate rear single-family home, ideal for owner-occupancy, multigenerational living, or maximizing rental income. Front Unit 1 offers 1 bedroom, living room, eat-in kitchen, and full bath on the main level, plus 4 additional rooms and a second full bath on the lower level. Features include central A/C, forced hot-air heat, updated water heaters, and laundry hookup. Front Unit 2 features 2 bedrooms, an eat-in kitchen, a full bath, laminate and ceramic flooring, updated plumbing, gas heat, window A/C, and a newer water heater. Tenant pays the electricity and 40% of the gas expense. The separate rear single-family home, delivered vacant, includes open-concept living/dining, modern kitchen with stainless steel appliances, half bath, 2 bedrooms, skylights, full bath, hardwood floors, central A/C and heat, tankless water heater, and covered outdoor entertainment area. Additional highlights include a fenced yard, gated access, and a storage shed. Prime location near Newark Penn Station, major highways, Newark Airport, restaurants, shopping, and Newark's rapidly growing business district. Excellent opportunity for strong cash flow, appreciation, and long-term investment value.
Listing Agent
C-21 SEMIAO & ASSOCIATES Brokerage Phone: 201-991-1300 Listed on: 03/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,427
Year Built
- Built in 1900 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
- Privacy Fence
- Wood Fence
- Level Lot
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Composition Shingle Roof
- Rubber Roof
- Vinyl Siding
- Composition Shingle
Interior Spaces
- Skylights
- Finished Basement
- Walk-Out Basement
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
Home Security
- Storm Doors
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Storage Shed
- Outdoor Grill
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Multiple Heating Units
- Forced Air Heating System
- Hot Water Baseboard Heater
- Standard Electricity
- Gas Water Heater
Community Details
- Net Operating Income $66,836
Listing and Financial Details
- Assessor Parcel Number 1614-00949-0000-00048-0000-
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 | $15,623 | $410,800 | $67,900 | $342,900 |
| 2024 | $15,315 | $410,800 | $67,900 | $342,900 |
| 2022 | $15,347 | $410,800 | $67,900 | $342,900 |
| 2021 | $15,339 | $410,800 | $67,900 | $342,900 |
| 2020 | $15,610 | $410,800 | $67,900 | $342,900 |
| 2019 | $15,450 | $410,800 | $67,900 | $342,900 |
| 2018 | $9,587 | $259,600 | $67,800 | $191,800 |
| 2017 | $9,242 | $259,600 | $67,800 | $191,800 |
| 2016 | $8,930 | $259,600 | $67,800 | $191,800 |
| 2015 | $8,590 | $259,600 | $67,800 | $191,800 |
| 2014 | $8,050 | $259,600 | $67,800 | $191,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/15/2026 04/15/26 | Price Changed | $975,000 | -0.5% | -- | |
| 03/25/2026 03/25/26 | For Sale | $980,000 | +92.2% | -- | |
| 05/31/2018 05/31/18 | Sold | $510,000 | +2.2% | -- | View Prior Sale |
| 04/11/2018 04/11/18 | Pending | -- | -- | -- | |
| 03/02/2018 03/02/18 | For Sale | $499,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $96,500 | -- | |
| Sheriffs Deed | $96,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $410,000 | -- | |
| Deed | $410,000 | -- | |
| Deed | $19,000 | -- | |
| Deed | $19,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $395,850 | FHA | |
| Previous Owner | $15,000 | No Value Available |
Source: Garden State MLS
MLS Number: 4016791
APN: 14-00949-0000-00048
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