87 Union St Newark, NJ 07105
South Ironbound NeighborhoodEstimated payment $3,846/month
Highlights
- 109.3 Acre Lot
- Multiple cooling system units
- Baseboard Heating
About This Home
Welcome to the Heart of the Ironbound. Where Culture, Cuisine, and Convenience Converge. Step into the most desirable neighborhood in Newark...the iconic Ironbound. Just steps from Ferry Street, this rare two-family home places you in the center of it all. Offering 4 bedrooms and 3 bathrooms, this home blends timeless character with smart investment potential. The first unit features two generously sized bedrooms with hardwood floors and two full bathrooms. The second unit charms with parquet wood flooring in the bedrooms, creating a warm, inviting space. Whether you're a homeowner seeking additional rental income or an investor eyeing a prime location, this property delivers. Best of all, you're just a 3-minute walk to Newark Penn Station ideal for a seamless commute into NYC and beyond. In a neighborhood known for its vibrant culture, rich history, and welcoming community, this is more than just a home it's a lifestyle. Opportunities like this don't last long. Make your move to the Ironbound today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,229
Year Built
- Built in 1857
Lot Details
- 109.3 Acre Lot
- Lot Dimensions are 20.2 x 109.3
Home Design
- Duplex
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 1,522 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Utilities
- Multiple cooling system units
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Exclusions: personal belongings
- Assessor Parcel Number 14-00193-0000-00002
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 | $5,126 | $137,500 | $63,000 | $74,500 |
| 2024 | $5,126 | $137,500 | $63,000 | $74,500 |
| 2023 | $5,137 | $137,500 | $63,000 | $74,500 |
| 2022 | $5,137 | $137,500 | $63,000 | $74,500 |
| 2021 | $5,134 | $137,500 | $63,000 | $74,500 |
| 2020 | $5,225 | $137,500 | $63,000 | $74,500 |
| 2019 | $5,171 | $137,500 | $63,000 | $74,500 |
| 2018 | $5,078 | $137,500 | $63,000 | $74,500 |
| 2017 | $4,895 | $137,500 | $63,000 | $74,500 |
| 2016 | $4,730 | $137,500 | $63,000 | $74,500 |
| 2015 | $4,550 | $137,500 | $63,000 | $74,500 |
| 2014 | $4,264 | $137,500 | $63,000 | $74,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | Price Changed | $640,000 | -3.0% | $420 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $659,900 | +40.4% | $434 / Sq Ft |
| 12/09/2021 12/09/21 | Sold | $469,900 | 0.0% | -- |
| 12/08/2021 12/08/21 | Pending | -- | -- | -- |
| 08/17/2021 08/17/21 | For Sale | $469,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $469,900 | Foundation Title | |
| Deed | -- | -- | |
| Quit Claim Deed | $155,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $352,425 | New Conventional |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22511839
APN: 14-00193-0000-00002
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