550 Ferry St
Newark City, NJ 07105
Price: $1,200,000
GSMLS: 3999174Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 6
Baths: 3 Full
Garage: No
Year Built: 1975
Acres: 0.05
Property Tax: $7,666
Description
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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
11
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, Brick
Lot Size:
25.5X91.4
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop
Spaces Available:
6
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room, See Remarks
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Baseboard - Hotwater, See Remarks
Heating Fuel:
Gas-Natural, See Remarks
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural, See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$1,200,000
Tax Amount:
$7,666
Land Assessment:
$50,900
Build. Assessment:
$150,700
Total Assessment:
$201,600
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3999174
List Date:
11-24-2025
Days On Market:
15
Listing Broker:
ROSA AGENCY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BoulderRidgeNJ.com
