$1,200,000

550 Ferry St Newark, NJ 07105

North Ironbound Neighborhood

Estimated payment $6,870/month

Total Views 6,249
6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.

Listing Agent

EVANEA MIRANDA

ROSA AGENCY Brokerage Phone: 908-289-5200 Listed on: 11/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,666

Year Built

  • Built in 1975

Lot Details

  • 25 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units

Additional Features

  • Unfinished Basement

Community Details

  • Net Operating Income $20,000

Listing and Financial Details

  • Assessor Parcel Number 1614-02466-0000-00032-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,666

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1975
  • Year Built Description: Approximate
  • County Name: Essex
  • Easements Description: Shared Park
  • Directions: Ironbound to Ferry Street
  • I D: 5397970
  • Attribution Contact: 908-289-5200
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Aluminum Siding, Brick
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 6
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25.5X91.4
  • Easement: Yes
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.05

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7666
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-02466-0000-00032-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $7,516 $201,600 $50,900 $150,700
2024 $7,516 $201,600 $50,900 $150,700
2022 $7,532 $201,600 $50,900 $150,700
2021 $7,528 $201,600 $50,900 $150,700
2020 $7,661 $201,600 $50,900 $150,700
2019 $7,582 $201,600 $50,900 $150,700
2018 $7,445 $201,600 $50,900 $150,700
2017 $7,177 $201,600 $50,900 $150,700
2016 $6,935 $201,600 $50,900 $150,700
2015 $6,671 $201,600 $50,900 $150,700
2014 $6,252 $201,600 $50,900 $150,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 For Sale $1,200,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed $187,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $259,000 No Value Available
Previous Owner $183,000 FHA
Source: Public Records

Source: Garden State MLS

MLS Number: 3999174

Garden State MLS

APN: 14-02466-0000-00032

New Jersey Essex County Newark 07105 North Ironbound

550 Ferry St, Newark, NJ

For Sale

MultiFamily

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Nearby Homes
Listing Agent
EVANEA MIRANDA
ROSA AGENCY