424 Walnut St Newark, NJ 07105
South Ironbound NeighborhoodEstimated payment $5,428/month
Highlights
- 2 Car Detached Garage
- Private Driveway
- Level Lot
- Central Air
About This Home
Experience the perfect blend of sophistication, comfort, and convenience with this exquisitely renovated multi-family residence, ideally situated in the highly sought-after Ironbound section of Newark. Just steps from restaurants, boutique shops, vibrant nightlife, and parks, this property offers an unparalleled urban lifestyle. Only 4 minutes away from Penn Station providing effortless access to New York City and beyond.Each apartment showcases 4 beds and 1.5 baths. The living area is designed with an open-concept layout that seamlessly integrates modern luxury and everyday functionality. The kitchen features amazing countertops, stainless steel appliances, and custom tile flooring, creating an inviting space perfect for both entertaining and culinary creativity. The basement, with a private entrance, includes a home office, family room, and a full bath ideal for guests or extended living.The exterior impresses with its classic brick facade, a long driveway for up to 6 cars, a two-car garage, and a spacious paved backyard offering privacy and comfort for outdoor gatherings Both units are equipped with central HVAC systems, ensuring year-round luxury living.Whether you're seeking a distinguished primary residence or a premium investment opportunity, this property embodies the finest in Ironbound living. With its luxury finishes, prime location, and strong rental potential, this home is a rare turnkey investment offering both immediate income and long-term appreciation.
Listing Agent
KELLER WILLIAMS - NJ METRO GROUP Brokerage Phone: 973-783-7400 Listed on: 10/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,393
Year Built
- Built in 1920 | Remodeled
Lot Details
- 32 Sq Ft Lot
- Level Lot
Parking
- 2 Car Detached Garage
- Private Driveway
- Parking Lot
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Central Air
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 1614-00986-0000-00022-0000-
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 | $8,228 | $220,700 | $79,000 | $141,700 |
| 2024 | $8,228 | $220,700 | $79,000 | $141,700 |
| 2022 | $8,245 | $220,700 | $79,000 | $141,700 |
| 2021 | $8,241 | $220,700 | $79,000 | $141,700 |
| 2020 | $8,387 | $220,700 | $79,000 | $141,700 |
| 2019 | $8,301 | $220,700 | $79,000 | $141,700 |
| 2018 | $8,150 | $220,700 | $79,000 | $141,700 |
| 2017 | $7,857 | $220,700 | $79,000 | $141,700 |
| 2016 | $7,592 | $220,700 | $79,000 | $141,700 |
| 2015 | $7,303 | $220,700 | $79,000 | $141,700 |
| 2014 | $6,844 | $220,700 | $79,000 | $141,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Pending | -- | -- | -- |
| 10/17/2025 10/17/25 | Price Changed | $899,000 | -10.0% | -- |
| 10/06/2025 10/06/25 | For Sale | $999,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $357,500 | None Listed On Document | |
| Deed | $65,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $461,750 | Construction |
Source: Garden State MLS
MLS Number: 3991008
APN: 14-00986-0000-00022
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