550 Ferry St Newark, NJ 07105
North Ironbound NeighborhoodEstimated payment $6,951/month
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
- Asphalt Shingled Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Hot Water Baseboard Heater
Additional Features
- Unfinished Basement
Community Details
- Net Operating Income $20,000
Listing and Financial Details
- Assessor Parcel Number 1614-02466-0000-00032-0000-
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 | $7,516 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $1,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $187,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $259,000 | No Value Available | |
| Previous Owner | $183,000 | FHA |
Source: Garden State MLS
MLS Number: 3999174
APN: 14-02466-0000-00032
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Ask me questions while you tour the home.